JD.com, Inc., recognized as one of Goldman Sachs’ top Chinese stock picks, has announced a significant expansion into Saudi Arabia. On June 18, JD Logistics, the logistics division of the Chinese e-commerce giant, launched JoyExpress, its first direct-to-consumer express delivery service outside of China. This initiative represents a crucial advancement in JD.com’s strategy for global logistics expansion.

Richard Liu, the company’s visionary leader, has stressed the importance of international growth to ensure the company’s future success. He noted that while JD.com has been active in Europe for three years and established a foundational logistics infrastructure, this effort remains insufficient. Liu expressed his commitment to expanding the company’s reach, as reported by local media.

By leveraging its established logistics network and introducing innovative services such as food delivery, JD.com aims to compete with industry leaders across multiple sectors. The company plans to enhance its market position by providing appealing incentives and attractive delivery options to consumers.

JD.com, Inc. operates through various segments including JD Retail, JD Logistics, and New Businesses, offering an extensive range of products and services, from consumer goods to healthcare solutions. The company supports third-party merchants with marketplace tools and provides comprehensive logistics and supply chain services through its robust infrastructure.