Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
‘Avengers: Endgame’ Has Made 400 Million Yuan in China – And It’s Not Even Out Yet
Huawei Takes Second Crack at Brazilian Smartphone Market
China Confirms Date of Second Belt and Road Forum
LATEST
Politburo Warns of Lingering Pressure on Economy, Vows Support
Huawei Takes Second Crack at Brazilian Smartphone Market
‘Avengers: Endgame’ Has Made 400 Million Yuan in China – And It’s Not Even Out Yet
Sinovation-Backed Education Firm Secures $140 Million in New Funding
China ‘Regrets’ WTO Ruling on Agriculture Trade Restrictions
China Stock Photo Giant Fined for Trying to Copyright Black Hole
China Confirms Date of Second Belt and Road Forum
China Needs to Fight Nonfinancial Money Laundering, Global Body Finds
Buick Rolls Out First Electric Car for China
People’s Daily Website Reports Booming Profit
China’s Starbucks Rival Raises $150 Million in BlackRock-Led Round
National Rules on Online Lending Still Far From Sight
Cabinet Reaffirms No ‘Flood-Like’ Stimulus, Continued Support for Small Firms
Central Bank Injects Less Liquidity Than It Rolls Back
Transit Control System Provider Seeks $1.5 Billion IPO on New Tech Board
China Pushes to Restore Morale at Corruption-Tainted Science Institute
Anbang Cuts Registered Capital, Allowing Creditors to Demand Repayment
Vatican Accepts Invitation to Exhibit at China Horticulture Expo
Taiwan's Richest Man Announces Bid for Top Office, Citing Advice From Goddess
BAIC’s New-Energy Unit Expects Drop in Lower-End Sales as Subsidies Dry Up
Pet-Food Leader Shakes Paws With JD.com Amid Booming China Market

By Zhao Runhua / Apr 16, 2019 04:46 PM / Business & Tech

Photo: IC

Photo: IC

On the heels of China’s pet market boom, leading pet food company China Pet Foods will partner with e-commerce giant JD.com, the company announced Tuesday.

JD.com will offer market trend and consumer profile analyses to the Shenzhen-listed pet food company to help the latter optimize its sales and logistics, the official statement said.

This is not China Pet Foods’ first deal of this kind. The company signed on to a similar partnership in October with Alibaba, for also big data-driven marketing and operation optimization.

The value of China’s pet market hit 170.8 billion yuan ($25.45 billion) in 2018, up nearly 30% from the previous year, according to a report on pet industry information site Goumin.com. The 73.55 million pet owners in China’s urban areas spent an average of 5,016 yuan per pet in the same year, according to the report.

Related: JD Logistics Might Go Bust in Two Years if Losses Continue, Founder Says

 

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.