2065438+April 2009, Liu Yi's Story of the Floor Alarm Clock woke up180,000 brothers, laid off employees, reduced the courier's provident fund and cancelled the basic salary.
Jingdong Logistics has started a great change.
In that long letter of 6,000 words, Liu said that Jingdong Logistics has been losing money for 12 years, and if it continues to lose money like this, it will only burn for two years.
At that time, Liu had two judgments:
First, there are too few external orders.
After the reform, the courier of JD.COM Department is much more diligent in receiving goods. According to relevant sources in JD.COM, the income has also increased slightly.
Second, the internal cost is too high.
Therefore, Liu adjusted the income structure of the courier, which is said to have achieved good results.
In fact, from 2065438 to February 2008, JD.com Logistics just completed the $2.5 billion Series A financing. Investors include China Merchants Capital, Gaoyou Capital, Tencent Investment, Sequoia Capital, Junlian Capital and CDH Investment. After the investment, the valuation of JD.com Logistics is about 654.38+03.4 billion US dollars (about 85.3 billion yuan), according to JD.COM.
According to Liu's open letter, in 20 18, the net loss of Jingdong Logistics exceeded 2.3 billion yuan (the actual loss was 2.765 billion yuan).
Fortunately, Jingdong Logistics is still insisting after two years, and the loss continues. Fortunately, Jingdong Logistics, which lost money in 14 years, has reached a stage node-IPO.
Jingdong Logistics Prospectus shows that from 20 18 to 2020, the losses were 2.765 billion yuan, 2.234 billion yuan and 41340,000 yuan respectively.
Bang, Jingdong Logistics opened with a market value of 280 billion Hong Kong dollars (about 229.8 billion yuan).
After the close, Jingdong Logistics opened higher and went lower, and finally closed at HK$ 4 1.7 per share, with an increase of 3.32% and a market value of HK$ 254 billion (about RMB 208.4 billion).
As for the loss amount after expansion in 2020, Jingdong Logistics stated in the prospectus that the priority of property growth and market share expansion comes before profitability, so profitability may fluctuate greatly in the short to medium term.
It is worth noting that in 2020, the total revenue of Jingdong Logistics increased by 47.2% year-on-year to 74.3 billion yuan. Although the total revenue is not as good as SF Holdings' revenue of 654.38+054 billion, the growth rate is faster than SF's near 10 percentage point, which is one reason why the market gave a loss-making company HK$ 254 billion, and another reason is that the outside world does not think it is a pure express delivery company.
Liu once defined Jingdong Logistics as follows: "I definitely don't think we are a courier company".
Liu's statement is not unreasonable. Compared with "Three Links and One Reach" and SF Express, Jingdong Logistics is really different in essence, because JD.COM is more To B business, while others are more To C business.
The data shows that in 2020, the number of corporate customers of Jingdong Logistics will exceed 1.9 million.
In addition, the heavy asset model of self-built warehousing is also a trump card of Jingdong Logistics. By March, 2002 1 3 1 year, there were more than 1000 warehouses in Jingdong Logistics, with a total area of 2110,000 square meters.
The asset-oriented model and the continuous polishing of the supply chain have enabled Jingdong Logistics to have a better customer experience and a different valuation for the market.
In the future, whoever has faster speed and better service will gain more markets.
Long Xue, managing director of Junlian Capital, once said: "The development of Jingdong Logistics has an unrepeatable growth path. I believe that after the listing of Jingdong Logistics, it will build stronger competitive barriers, build a perfect intelligent logistics supply chain system, and become the leader of a new generation of logistics supply chain technology service providers. "
Relevant persons of Caive Fund also said: "The establishment of Jingdong Logistics needs a lot of money, which cannot be replicated in a short time, and it is difficult for participants without sufficient scale and infrastructure to break through".
At present, for Jingdong Logistics, making money is not the most important thing. It is important to continue to expand the scale of customers.
Liu once said, "As long as what you do is valuable, then profit must not be a problem." .