IKEA bets on online growth in China with JD.com launch [Yahoo! Finance Canada]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Source: Yahoo! Finance Canada
LONDON (Reuters) -Swedish budget furniture retailer IKEA opened a digital store on Chinese ecommerce platform JD.com on Friday, as it expands its presence on third-party online shopping sites in China to draw in new customers with cut-price products. Western retailers are experimenting with new formats and channels to take a bigger slice of China's highly competitive ecommerce market, as the government expands policies meant to revive consumer spending. IKEA, known for wooden bookshelves and beds, launched a 2,999 yuan ($417.50) gaming chair and 3,999 yuan gaming desk specially for JD.com - much more expensive offerings than its top-selling BILLY bookcase priced at 249 yuan. But IKEA also plans to offer special discounts to mark the opening of the store which will sell 6,500 products, and use JD.com's logistics network to deliver to homes. JD.com is the second Chinese ecommerce platform IKEA has joined, after opening a store on Alibaba's Tmall in March 2020. "We will contin
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JD
Earnings
- 11/13/25 - Beat
JD
Sec Filings
- 12/18/25 - Form 144
- 12/11/25 - Form 6-K
- 11/13/25 - Form 6-K
- JD's page on the SEC website