Carrefour to Open JD.Com International Store – Yicai Global
What happened: Chinese e-commerce giant JD.com has reached a partnership with the Chinese unit of French retailer Carrefour to offer cross-border logistics services. As part of the deal, Carrefour has set up a store on JD’s international marketplace to sell imported goods, following last year’s opening of a store which sells the retailer’s domestic goods on the platform. JD will import the goods and arrange customs clearance, sorting, and distribution for Carrefour. The company’s cross-border import logistics network has established more than 10 trade ports in China, as well as three direct ports in Beijing, Shanghai, and Guangzhou.
Why it’s important: The partnership is a further tie-up between the two companies. Carrefour is already working with Dada-JD Daojia, JD’s joint venture which offers on-demand logistics services to users who grocery shop online. Dada-JD Daojia received $500 million from Walmart and JD.com last year as online grocery shopping rises in popularity. Tencent, a JD investor, had been in talks about an investment in Carrefour China alongside Shanghai-listed supermarket chain Yonghui Superstores according to an announcement from January 2018.