The company’s integrated supply chain solutions business recorded strong growth in the first half of 2025, while continued efficiency improvements lifted its profitability
JD Logistics Inc. (2618.HK) on Thursday reported its revenue rose 14.1% year-on-year to 98.5 billion yuan ($13.7 billion) in the first half of 2025, driven by steady momentum for its China market expansion, and as both its customer base and spending per customer for its integrated supply chain (ISC) solutions business posted solid growth.
Revenue from the company’s ISC solutions reached 50.1 billion yuan during the six-month period, or over half of its total, up 19.9% year-on-year, according to its midyear report released on Thursday. Its external ISC user base grew to 73,713 customers, up 14.5%, as the company continued to diversify beyond simply providing services for its parent, e-commerce giant JD.com (JD.US; 9618.HK). The average revenue per customer from external ISC customers amounted to around 239,000 yuan.
Revenue from other customers, including for express delivery and freight …