JD.Com Inc. (JD) stock prices were up by 3.32% as of the market closing on August 234d 2021. This brought the price per share up to USD$65.73 at the end of the trading day. Subsequent premarket fluctuations saw the stock rise by 8.23%, bringing it up to USD$71.16.
JD Stock’s 618 Grand Promotion
JD stock’s 618 Grand Promotion sale reported outstanding results during the second quarter of fiscal 2021. The 18-day sale lasted from June 1st to 18th, wherein more than 236 brands reports sales in excess of USD$15.44 million. 92% of the order requests from districts and counties were fulfilled on the same day as the order or the following day. 84% of small towns reported the same metric. Omni-channel played an essential part in the 618 Grand Promotion, having on-demand consumptions and one-hour delivery service being supported by more than one thousand digital and computer stores.
Expanding Scope of Partners
The second quarter of fiscal 2021 saw JD stock report an expansion of its various innovative partnerships with LVMH group. LVMH’s BVLGARI brand leveraged the JD.com mini-app to provide customers with a new shopping experience. This features a full suite of products including selected jewelry and watches. This marks the first time BVLGARI has partnered with a third-party online retailer in its history of 137 years.
JD Stock’s Recent Collaborations
LVMH group’s top luxury menswear fashion house, Berluti, reported having established its first official flagship store on JD.com over the course of Q2 2012. JD stock reported several internationally renowned beauty brands having launched official flagship stores on JD.com. Guerlain did so in early August 2021, while Givenchy Beauty and Benefit, Estee Lauder, Clinique and Origins, as well as L’Oreal’s Kiehls launched stores in July 2021. The momentum generated by the addition of these brands serves to further enrich the company’s Beauty high quality product suite. This ensures a shopping experience for customers that is best-of-class with the services provided by JD Logistics.
Net Revenue Reports
Net revenues for the second quarter of fiscal 2021 came in at USD$39.3 billion. This represents a 26.2% increase from the corresponding quarter in 2020. Net product revenues were up by 23.3 %, while net service revenues reported a 49.2 year over year increase from Q2 2020.
Future Outlook for JD Stock
JD stock reported a strong quarter, rife with a plethora of promising developments that instill confidence in current and potential investors. The company is keen to maintain the growth in stock price as investors are excited for continued gains in shareholder value.
