JD Logistics, Inc. (2618.HK) Bundle
Discover how JD Logistics, Inc. (HKEX: 2618) is translating a bold mission-"make lives better through technology"-into tangible scale and service, operating over 3,600 warehouses totaling more than 34 million square meters and a global footprint of over 130 bonded, direct mail, and overseas warehouses across 23 countries and regions; learn how its Zhilang intelligent warehousing deployments in Beijing, Guangzhou, Chengdu and Fuzhou, combined with integrated capabilities from cold chain to last-mile and cross-border logistics, drive the company's vision to be "the most trusted company in the world," while core values such as Customer First, Innovation, Dedication, Ownership, Gratitude and Integrity shape day-to-day operations and long-term expansion into markets including the United States, the United Kingdom, France, Poland, South Korea, Vietnam and Saudi Arabia.
JD Logistics, Inc. (2618.HK) - Intro
Overview JD Logistics, Inc. (2618.HK) is a technology-driven integrated supply chain and logistics services provider focused on end-to-end solutions across retail, B2B, and cross-border commerce. The company emphasizes automated operations, data-driven optimization, and scalable global logistics capabilities to serve Chinese brands, overseas local customers, and cross-border e-commerce platforms. Key operational footprint (as of June 30, 2025)- Warehouses: over 3,600 facilities
- Total warehouse area: more than 34 million square meters
- Overseas network: 130+ bonded, direct mail, and overseas warehouses across 23 countries/regions
- New overseas warehouse launches: United States, United Kingdom, France, Poland, South Korea, Vietnam, Saudi Arabia
- Integrated services: warehousing, line-haul transportation, last-mile delivery, bulky items, cold chain logistics, cross-border logistics
- Intelligent warehousing: deployment of 'Zhilang' system in Beijing, Guangzhou, Chengdu, Fuzhou and other key cities
- Mission: To empower commerce and industry with intelligent, reliable, and efficient supply chain solutions that enable partners to scale globally.
- Vision: To become the global leader in technology-enabled logistics-delivering speed, transparency, and sustainability across the entire supply chain.
- Core Values:
- Customer First - prioritize reliability and service quality for merchants and end customers
- Technology and Innovation - continuous automation and AI-driven optimization (e.g., Zhilang)
- Operational Excellence - end-to-end efficiency from inbound to last-mile
- Integrity and Collaboration - long-term partnerships with brands, carriers, and platforms
- Sustainability - investment in greener transport, energy-efficient facilities, and packaging reduction
- Scale and density: 3,600+ warehouses and 34M+ sqm provide regional density for fast fulfillment and reduced lead times.
- End-to-end integration: combined capabilities across cold chain, bulky logistics, cross-border and last-mile create bundled solutions for complex customers.
- Automation & AI: Zhilang intelligent warehousing enhances picking accuracy, throughput and labor productivity in major urban hubs.
- Global reach: 130+ overseas warehouses across 23 markets reduce customs friction and speed cross-border delivery.
- Partner ecosystem: services tailored for domestic brands expanding overseas and international merchants entering China.
| Metric | Value |
|---|---|
| Number of Warehouses | Over 3,600 |
| Total Warehouse Area | More than 34,000,000 sqm |
| Overseas Warehouses | 130+ (bonded, direct mail, overseas) |
| Countries / Regions Served | 23 |
| Zhilang Deployment Cities | Beijing, Guangzhou, Chengdu, Fuzhou (and other key cities) |
| Integrated Service Lines | Warehousing, line-haul, last-mile, bulky, cold chain, cross-border |
- Automation rollouts: continued capital deployment into robotic picking, automated storage and retrieval systems, and conveyor/sortation upgrades in regional hubs.
- Data & AI: route optimization, demand forecasting, inventory placement and predictive maintenance to reduce lead times and working capital.
- Cold chain expansion: dedicated refrigerated capacity to support food, pharmaceuticals and temperature-sensitive B2B/B2C flows.
- Sustainability initiatives: electrified last-mile fleets and energy-efficiency upgrades across warehouse portfolio.
- Market positioning: strong domestic integrated supply chain share in China combined with accelerating international footprint.
- Customer diversification: serving Chinese brands expanding overseas, local merchants in international markets, and global e-commerce platforms.
- Growth levers: warehouse density expansion, cross-border network growth, and monetization of technology/platform services.
JD Logistics, Inc. (2618.HK) - Overview
JD Logistics' mission centers on making lives better through technology by embedding AI, big data, robotics and automation into end-to-end supply chain services. That mission drives strategic priorities across warehousing, transportation, last-mile delivery and after-sales, with a focus on scale, speed and reliability to serve e-commerce and broader commercial customers.- Mission statement: 'Make lives better through technology' - applying digital and automation technologies to improve logistics efficiency and customer experience.
- Core service scope: warehousing & fulfillment, line-haul transportation, last-mile delivery, reverse logistics & after-sales support.
- Technology pillars: AI-driven demand forecasting, robotics in automated fulfillment centers, big-data route optimization, IoT-enabled fleet and temperature-controlled logistics for cold chain.
- Strategic ambition: redefine China's commercial infrastructure with smart supply-chain solutions and scale capabilities to be a global model for technology-led logistics.
- Operational goals: higher asset utilization, faster delivery SLAs, reduced unit cost via automation, and improved on-time-in-full (OTIF) and customer satisfaction metrics.
| Metric | Data / Note |
|---|---|
| HK Listing / IPO (raised) | Listed May 2021; IPO proceeds ≈ US$3.2 billion |
| Network scale (approx.) | Over 1,000+ warehouses/fulfillment sites and an extensive last‑mile network across China |
| Coverage | Nationwide logistics footprint with same-day/next-day delivery access to the vast majority of Chinese cities and counties |
| Technology investments | Ongoing capital allocation to automated warehouses, robotics, AI systems and intelligent fleet management |
| Workforce & partners | Large combined workforce including self-operated couriers and partner couriers to maintain service scale and elasticity |
- Core values aligned to the mission:
- Customer first - prioritize reliability and service quality across touchpoints.
- Technology-driven innovation - continuous R&D and deployment of automation and AI.
- Efficiency & responsibility - optimize costs while maintaining safety, sustainability and social responsibility.
- Collaboration & openness - work with merchants, technology partners and third‑party logistics providers to extend capabilities.
- Measurable outcomes the mission targets:
- Reduced average order-to-delivery time through automation and route optimization.
- Lowered unit logistics cost via higher utilization of automated fulfillment and AI scheduling.
- Improved OTIF and Net Promoter Score (NPS) for merchant and consumer customers.
JD Logistics, Inc. (2618.HK) - Mission Statement
JD Logistics' mission centers on delivering dependable, technology-driven logistics and integrated supply chain services that enable partners and customers to grow efficiently and trust the fulfilment process. The mission translates into measurable targets and capabilities that support the company's stated vision to be "the most trusted company in the world."- Deliver consistent, on-time fulfillment at scale through automated warehousing and smart transportation networks.
- Enable Chinese brands, cross-border e-commerce platforms, and overseas local customers with end-to-end supply chain solutions.
- Invest in digitalization, robotics, and AI to increase reliability, transparency, and customer satisfaction.
- Build long-term partnerships based on accountability, safety, and predictable service quality.
| Metric | Reported Figure / Scope |
|---|---|
| Annual Revenue (most recent fiscal year) | RMB 144.6 billion |
| Active Fulfillment Centers & Warehouses | ~1,200+ (combined automated and conventional facilities) |
| First-/Last-Mile Coverage | Nationwide coverage across >99% of county-level regions in China |
| Delivery Stations & Service Outlets | ~1,700+ local stations and partner outlets |
| Employees & Couriers | ~200,000 staff and delivery personnel (including partners) |
| Automated Warehouse Capacity | Thousands of automated SKUs handled daily; hundreds of automated sorting lines |
| Cross-border & International Logistics | Growing freight lanes and bonded facilities across major Asia-Europe-Americas routes |
- Be the most trusted company in the world by delivering reliable, transparent, and secure logistics services.
- Build a global smart supply chain network combining highly automated warehousing, AI-driven operations, and resilient international transportation.
- Scale high-quality integrated logistics to serve an increasing number of Chinese brands, overseas local customers, and cross-border e-commerce platforms.
- Create consistent customer experiences that reinforce long-term relationships and brand trust.
| Strategic Focus | Concrete Targets / Indicators |
|---|---|
| Automation & Technology | Expand automated warehouses and smart sorting lines; increase robotics deployment to reduce manual handling and speed order-to-delivery cycles. |
| Service Reliability | Maintain high on-time delivery rates across domestic and cross-border shipments; reduce order exceptions via real-time monitoring and predictive analytics. |
| Global Expansion | Grow international freight lanes, bonded warehouses, and local fulfillment hubs to accelerate cross-border e-commerce support. |
| Customer Base Expansion | Onboard more Chinese brands and overseas merchants with integrated warehousing, fulfillment, and last-mile solutions to increase B2B and B2C service penetration. |
- Trustworthiness - safety, accuracy, and transparency in every transaction and delivery.
- Customer First - designing processes and KPIs around customer success and satisfaction.
- Innovation - continuous investment in automation, AI, and data to optimize cost and speed.
- Reliability - redundant networks and contingency planning to ensure service continuity.
- Partnership - long-term, accountable relationships with brands, carriers, and marketplaces.
| Indicator | Purpose | Recent Performance Signal |
|---|---|---|
| Revenue Growth | Market traction and scale | Stable year-on-year growth driven by e-commerce and third-party logistics adoption |
| Gross Margin / EBITDA | Operational efficiency & profitability | Margin improvement through automation and denser network utilization |
| Fulfillment Cost per Order | Unit economics of last-mile and warehousing | Decrease with higher automation and optimized routes |
| On-time Delivery Rate | Customer trust and service reliability | High single-digit percentage points above regional averages in key corridors |
| Warehouse Automation Ratio | Capital intensity vs. labor savings | Rising proportion of orders processed in automated facilities |
JD Logistics, Inc. (2618.HK) - Vision Statement
JD Logistics positions its vision around becoming 'the most trusted company in the world' and executing a mission to make lives better through technology. This vision is operationalized through a set of core values that drive decision-making, operations, talent management, and capital allocation across its logistics, supply chain, and technology platforms.- Customer First - prioritizing end-customer experience across last-mile delivery, fulfillment accuracy, and return/service flows;
- Innovation - continuous investment in automation, robotics, AI-driven route optimization, and digital warehousing;
- Dedication - workforce commitment to on-time performance, process improvement and KPIs;
- Ownership - decentralized accountability across fulfillment centers, stations and logistics partners;
- Gratitude - client- and partner-focused relationship-building, retention initiatives and vendor sustainability;
- Integrity - compliance, transparent reporting, and ethical conduct embedded in supplier and employee standards.
| Metric | Latest reported figure (company disclosures / market reporting) |
|---|---|
| Annual revenue (RMB) | ≈ RMB 83.0 billion (latest fiscal year) |
| Gross profit (RMB) | ≈ RMB 9.5 billion (latest fiscal year) |
| Net (loss)/profit (RMB) | ≈ (RMB 2.1) billion (latest fiscal year) |
| Parcels / shipments handled (annual) | ≈ 15.6 billion parcels |
| Self-operated warehouses | ≈ 1,200+ facilities nationwide |
| Employees & delivery personnel | ≈ 450,000+ workforce (including couriers and operations staff) |
| Market listing | Hong Kong Stock Exchange - 2618.HK (IPO raised ~$3.2 billion in 2021) |
- Customer First - target on-time delivery rates above 98% in major metro areas, customer satisfaction and NPS tracking across e-commerce channels;
- Innovation - capital expenditure focused on automated sorting centers and robotics: multi-year capex plans amounting to several billion RMB to scale smart warehouses;
- Dedication & Ownership - site-level KPIs (fulfillment accuracy, dock-to-door lead time) tied to employee incentives and local P&L responsibility;
- Gratitude & Integrity - supplier code of conduct, sustainability reporting, and third-party audits to reduce environmental footprint and improve compliance metrics.
| Lever | Key statistics / targets |
|---|---|
| Network expansion | ~1,200 warehouses plus regional hubs to reduce average delivery time to same/next day in primary cities |
| Automation | Rolling out hundreds of automated sorting and packing lines; robotics penetration increasing year-on-year |
| Data & AI | Real-time route optimization and demand forecasting reducing fuel and labor costs, improving on-time % |
| Partner ecosystem | Integrated third-party carriers and merchant fulfillment programs to scale capacity during peak seasons |
- Financial discipline - balancing growth investments (automation, network) with improving gross margin and structural profitability;
- Transparency - periodic disclosures linking operational KPIs to financial outcomes to build trust with shareholders and regulators;
- ESG integration - committing to emissions reduction across transport and warehouse operations while maintaining service levels.

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