This acquisition is in line with Kingdom Holding’s diversified and unique investment strategy. Kingdom Holding Company has a significant interest in Jingdong.
Jingdong Inc. is the largest B2C direct sales e-commerce company in China (source: iResearch). The Company has achieved more than 150% annually compounded growth in gross merchandise volume during past several years and strives to offer the best online shopping experience to its customers. It currently offers more than 7 million SKUs through its B2C direct sales and online marketplace platform
As of December 2012, the Company has six major fulfillment centers with 65 warehouses in 24 cities, as well as nearly 900 delivery stations in 360 cities. Through its 211 program, the Company offers speedy delivery in 23 major cities and 24 hours delivery in 156 cities in China. Their active uses are 35 million and registered users 80 million as of December 2012.