JD.com and Korean Shopping Site Lotte.com Announce Strategic Partnership

BEIJING, Sept. 8, 2015 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ:JD), China's largest online direct sales company, today announced a strategic partnership with Lotte.com, South Korea's leading online shopping site. JD.com customers will be able to purchase products from Lotte through JD Worldwide, the company's cross-border platform. Products will cover categories including baby and maternity, cosmetics, fashion, everyday household products, home appliances, food and Lotte-branded products. In addition, the two parties will explore additional potential areas of cooperation.

"The demand for products through Korean Mall has been strong and partnering with Lotte, Korea's clear industry leader, will help us meet the growing needs of our users," said JD Mall CEO Haoyu Shen. "We are delighted that as China's largest e-tailer, our large and growing base of upwardly mobile customers will now have access to a wide range of Lotte's imported products."

"Lotte prides itself on providing a superior customer experience, which is why we are so excited to be leveraging JD.com's reputation for product authenticity and its unparalleled logistics network," said Lotte.com CEO Hyeong Jun Kim. "JD.com's outstanding users are the ideal audience for us as we look to develop our business in China."

The announcement follows the successful launch in late March of Korean Mall, which sells authentic imported Korean products on JD Worldwide. Since its launch, dozens of Korean brands started to sell their products to Chinese consumers through Korean Mall. The best-selling product categories include personal care products and cosmetics.

About JD.com, Inc

JD.com, Inc. is China's leading online direct sales company and the country's largest Internet company by revenue. The Company strives to offer consumers the best online shopping experience. Through its content-rich and user-friendly website jd.com and mobile applications, JD.com offers a wide selection of authentic products at competitive prices and delivers products in a speedy and reliable manner. The Company believes it has the largest fulfillment infrastructure of any e-commerce company in China. JD.com operated 7 fulfillment centers and a total of 166 warehouses in 44 cities, and in total 4,142 delivery stations and pickup stations in 2,043 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100.

About LOTTE.com Inc:

Founded in 1996, LOTTE.com Inc. was the first online shopping mall in Korea and is the primary business unit of Lotte Group. In February 2014, the company launched Global.lotte.com for worldwide customers and has achieved a growth rate of more than 30%. In August of 2015, Lotte Group launched mobile services for the Chinese market.


Josh Gartner
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