JD.com, the second-largest Chinese e-commerce platform behind Alibaba, has announced the opening of an office in Hong Kong as well as the signing of a strategic deal with Cosco Logistics, which is meant to address growing customer demand for imported goods from brands from Asia and the rest of the world. The Hong Kong office was officially inaugurated on Sept. 23. Under the new agreement with Cosco Logistics, Cosco will provide JD.com with warehousing, customs clearance and shipping services from Hong Kong to Mainland China. This partnership is supposed to help JD.com's brand partners in the region get their products to customers more quickly. Cosco will operate a dedicated Hong Kong-based warehousing facility for JD.com, which will be fully integrated into JD.com's warehouse management system. According to JD.com the partnership with Cosco will reduce average shipping times from Hong Kong to customers in Mainland China by three to four days.
Additionally, JD.com has announced that Sa Sa, an Asia cosmetics retailing group and e-commerce provider, will launch a flagship store on JD Worldwide. The store will be synchronized with Sa Sa's global e-commerce portal, Sasa.com.
JD.com has also recently signed a new agreement with the National Chamber for Italian Fashion (Camera Nazionale della Moda) for the launch of a new section of its portal especially dedicated to Italian fashion brands. JD.com's portal has 120 million unique users. The company posted revenues of $7 billion in the second quarter of the year. On the Italian front, this new partnership represents an opportunity especially for the small and medium Italian fashion brands that do not have a significant retail presence in China.