Press "Enter" to skip to content

JD Logistics made 2.8 billion yuan losses in 2018 – CEO

Chinese e-commerce giant's logistics unit made huge losses in 2018, said the company's CEO Richard Liu, which helps explain the company's recent personnel alteration and changes in pay structure.

Liu said that JD Logistics, its logistics services arm, made a loss of 23 billion yuan in 2018 and if the revenue from business within the company excluded, the loss would be up to 28 billion yuan, representing a 12th consecutive year posting losses, primarily due to a lack of revenue from external orders and high internal costs.
Liu added that . . .

To continue reading, please subscribe.


We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out! 

What you'll get:

  • Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
  • Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!


Not ready for the full service? Subscribe to our Free Weekly Newsletter first.

Already have an account? Sign In