JD.com expands logistics partnership with Yamato
Chinese e-commerce giant JD.com has signed a strategic MOU with Japan-based logistics company Yamato Group. In a statement posted on its corporate blog yesterday (12 July), JD.com said that the partnership will have “a particular emphasis on building out a cold chain logistics network in China”.
According to JD.com: “Leveraging Yamato’s leading logistics technologies and extensive international logistics network, the partnership makes it even easier for international brands to reach Chinese consumers.
“In addition, Yamato will take advantage of JD’s unparalleled nationwide logistics network in China to enhance its own last-mile delivery capability.”
JD.com and Yamato will also work together on R&D projects involving technologies like artificial intelligence and big data.
The new MOU builds on the existing partnership between the two companies. In early 2017, JD.com formed a strategic partnership with Yamato to “empower Japanese companies to access the China market”. The two companies invested in e-commerce services provider Frank International, which offers a streamlined process for Japanese vendors to sell products directly to online consumers in China.
Richard Liu, JD.com’s Chairman and CEO, said: “We have seen a huge increase in demand from our consumers for Japanese products across every category because Chinese shoppers appreciate their outstanding reputation for quality.
“This strengthened partnership with Yamato Group will give JD’s consumers even greater access to the highest quality Japanese and global brands. By expanding our cooperation into areas like cold chain logistics, and leveraging Yamato’s reach into other international markets beyond Japan, we are making it even easier for our international brand partners to sell to China and tap into JD’s base of 236.5 million active customers.”
Kenji Minaki, Senior Managing Executive Officer, Yamato Holdings Co.,Ltd, commented: “Our partnership with JD.com is already creating significant value for our partners in Japan, and this expansion is a show of confidence in JD’s capability. We look forward to working with JD on these new initiatives.”