Chinese online retailer JD has lowered its free-delivery minimum order for one-hour delivery services to RMB 29 ($4.01),Covet: Island of Desire shortly after the e-commerce titan set on-demand services as one of its “must-win battles” in 2024. This type of business, a key offering mainly provided by China’s internet companies including JD, aims to efficiently deliver a wide range of products local consumers order online within one hour. Beijing-based JD last year brought back its retired executive, former international operations head Yan Xiaobing, to lead a newly established retail arm that integrates the company’s offline businesses, at a time when JD experiences low-digit growth in earnings and user numbers and focuses on increasing consumer spending on on-demand services. [JD, in Chinese]
