A subsidiary of Baozun, Full Jet partners with brands to sell on Tmall, Alibaba's marketplace in China. Victoria Glanz, its European C.E.O., reported on the latest changes in the Chinese market.
Alibaba will publish Q3 results in the coming days. Why is retail activity is lower than JD’s?
In 2020, JD’s retail revenues reached US$114 billion, against US$95 billion for Alibaba. Indeed, these two companies have very different models. JD is an e-retailer that buys products, resells them and delivers to customers with its own drivers, while Alibaba is a marketplace with a GMV 2.5 times higher than JD.com. JD has much higher operational costs because the company has more e-stores that it...
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