京东物流2.7亿美元加码即时配送业务

Core Viewpoint - JD Logistics announced the acquisition of its wholly-owned subsidiary engaged in local instant delivery business from JD Group for $270 million, which led to a more than 4% increase in its stock price on the announcement day [3]. Group 1: Acquisition Details - The target business for acquisition is the instant delivery segment of the former Dada Group, which includes local instant retail and delivery services [3]. - JD Logistics believes the target business has commercial potential and opportunities for further expansion, aiming to enhance its service offerings and strengthen its competitive edge in the "last mile" delivery [3][4]. Group 2: Financial Performance - The target business is projected to achieve a net profit of 7.52 million yuan after tax in the first half of 2025, indicating a shift to profitable operations [4]. - Dada's instant delivery service, Dada Now, has shown significant growth, with net revenue increasing by 44.6% from 4.015 billion yuan in 2023 to 5.805 billion yuan in 2024, driven by increased order volume from chain merchants [4]. - However, Dada's overall net revenue for 2024 was 9.664 billion yuan, reflecting an 8% year-on-year decline, primarily due to a 40.6% drop in JD Now's revenue to 3.859 billion yuan [4]. Group 3: Industry Trends - JD has been actively expanding its instant delivery business, including the development of its food delivery service, with over 150,000 full-time riders recruited by the second quarter of 2025 [5]. - The instant retail industry is expected to grow significantly, with projections indicating that the market size for instant e-commerce in China will exceed 5 trillion yuan by 2027 [5].