Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

JD.com plans $5 billion stock buy-back after Walmart pulls out

Walmart had sold its entire, $3.7 billion ownership stake in the Chinese e-commerce retailer and logistics service provider.

JDcom sorting-center-at-kunshan-asia-no.1.jpg
DC Velocity Staff
By DC Velocity StaffAug 27, 2024
DC Velocity Staff
See Full Bio

The Beijing-based e-commerce retailer JD.com is planning to buy back up to $5.0 billion of its own stock after its largest shareholder, the American mega-retailer Walmart, sold off its entire $3.7 billion holding last week.

That public show of a lack of confidence quickly led to a 10% drop in its share price, even as JD.com continues to compete with Chinese e-commerce leader Alibaba, according to published reports.

In response, JD.com today said it would begin its share repurchase program in September, with plans to buy up to $5 billion of its shares over a 36-month period ending in August, 2027.

JD.com has built up its own e-commerce fulfillment and delivery network, and also acts as a logistics service provider (LSP) through a “retail as a service” offering that opens up that infrastructure to partners, brands, and other sectors. The company has been investing heavily in supply chain technologies in recent years, including hydrogen fuel cell-powered electric trucks, warehouse automation robots, and a “self-operating warehouse” in California.




 

 

 

 

 

ArticleEditorialOther ServicesSC Services
jd.comwalmart
ArticleEditorialOther ServicesSC Services
jd.comwalmart

The Latest

port of oakland port improvement plans
Article

Port of Oakland to modernize wharves with $50 million grant

screen display of GPS fleet tracking
Article

Commercial fleets drawn to GPS fleet tracking, in-cab video

More Stories

legal scales and gavel

FMCSA rule would require greater broker transparency

A move by federal regulators to reinforce requirements for broker transparency in freight transactions is stirring debate among transportation groups, after the Federal Motor Carrier Safety Administration (FMCSA) published a “notice of proposed rulemaking” this week.

According to FMCSA, its draft rule would strive to make broker transparency more common, requiring greater sharing of the material information necessary for transportation industry parties to make informed business decisions and to support the efficient resolution of disputes.

Keep ReadingShow less

Featured

penske truck leasing site with rooftop solar panels
Article

Penske activates solar panels at three truck leasing sites

Mobile robots, drones move beyond the hype
Featured

Mobile robots, drones move beyond the hype

graphic of coverage areas for US DOT
Article

Trump nominates former Wisconsin Congressman Duffy for DOT

cma cgm container freight ship
Technology

CMA CGM crowns seven winners in startup awards

pickle robot unloading truck

Pickle Robot lands $50 million in VC for truck-unloading robots

The truck unloading automation provider Pickle Robot Co. today said it has raised $50 million in venture capital and will use the money to accelerate the development of new feature sets and build out the company’s commercial teams to unlock new markets and geographies.

The “series B” funding round was financed by an unnamed “strategic customer” as well as Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, Catapult Ventures, and others.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
person using AI at a laptop

Gartner: GenAI set to impact procurement processes

Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.

Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.

Keep ReadingShow less
Copyright ©2024.