JD's Logistics Arm Delivers Medical Supplies to Hospitals in Hubei Amid Coronavirus Epidemic

After discussing a potential IPO with banks in December, JD Logistics has delivered more than 2.36 million medical and epidemic prevention supplies to major hospitals.

Anthony Russo
    Feb 05, 2020 2:45 PM  PT
JD's Logistics Arm Delivers Medical Supplies to Hospitals in Hubei Amid Coronavirus Epidemic
author: Anthony Russo   

JD.com (Nasdaq: JD) has announced Wednesday that its logistics arm has spent several days delivering donated supplies to major hospitals in the Hubei providence in efforts to help fight the deadly coronavirus.

In a post today on its blog platform, the e-commerce giant said JD Logistics has received 600 donation transportation needs from public welfare organizations, enterprises and institutions as of Feb. 2. JD Logistics, which opened the channel for relief materials on Jan. 25, has delivered more than 2.36 million medical and epidemic prevention supplies to major hospitals in Wuhan, Huanggang and other places in Hubei Province. That includes masks, medical gloves, goggles and disinfectants.

In addition, the company offers free online consultation available 24/7 for those who suffer from coronavirus symptoms through its healthcare subsidiary, JD Health.

Established in 2007, JD Logistics operates in China and nationwide. It built the world's first fully-automated warehouse in Shanghai and continues to enhance drone delivery and automatic robots, according to JD.com's website.

The smart supply chain, which generated nearly 40% of JD.com's revenue in the third quarter, can deliver 90% of its direct sales within 24 hours in China.

In the three months through September, JD.com said its revenue was $18.9 billion, up 29% year-over-year. Net income was $77 million, or 6 cents per ADS, compared with $419 million, or 30 cents per ADS, in the same period in 2018.

Earlier this month, JD Logistics launched sales of fresh produce on its Jingxianfang flagship online store. In December, JD logistics was in discussions with banks regarding a possible IPO in Hong Kong or the United States.

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