Li & Fung partners with JD.com to accelerate supply chain digitisation
Supply chain specialist Li & Fung partners with JD.com to accelerate supply chain digitisation. With an aim to further develop its digital supply chain, Li & Fung has announced a strategic investment of $100 million from Chinese online retailer, JD.com.
Li & Fung will also grow its business in China by partnering with JD.com on private label initiatives for the China domestic market by leveraging its global network and digital supply chain. With the strong partnership between the Fung Family and Singapore-headquartered GLP Pte Ltd., and now the addition of JD.com, Li & Fung will be able to leverage its scale and digital capabilities to continue its journey of creating the end-to-end digital supply chain.
“Our goal to create the supply chain of the future and to improve the lives of one billion people in our global supply chain remains more relevant than ever in this turbulent world. The partnership with GLP and the addition of JD will be instrumental in further strengthening Li & Fung,” said Spencer Fung, CEO, Li & Fung.
Amidst continuing digital disruption to retail and the ongoing global trade tensions, compounded by the dramatic impact of COVID-19, the global retail supply chain has become more and more complex. As such, the time seems right as Li & Fung partners with JD.com to accelerate supply chain digitisation.
On its part, JD.com is transforming to become one of the leading supply chain-based technology and service providers, which fits well with Li & Fung’s goal of creating the supply chain of the future. JD.com has been developing proprietary supply chain technologies for many years and has created digital retail and supply chain platforms that are fully integrated to support its omnichannel strategies.
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
/ 
For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
/ 
Why cinemas, wellness sanctuaries and cultural districts are becoming emotional infrastructure for
Asda, the UK’s third-largest grocery retailer, has strengthened its partnership with Deliverect
From bullion to boutiques, investment to immersion, Dubai Gold District marks a
As lives accelerate and time fragments, shoppers no longer separate “eating” from
In today’s retail landscape, the convergence of vision and execution assures continued
At the AI Roundtable, technology heads, marketers, and leaders explored how AI
As the world races towards automation, the Martech Summit brought the focus
From frictionless checkouts to AI-powered inventory, retail’s digital backbone took center stage
The Inspired Home Show 2025 concluded with positive momentum, reinforcing its position
NRF Vice President of Education Strategy Susan Reda forecasts 2025’s retail trends
64 global leaders in retail will share their insights on shaping the
Previous Article
