JD.com (JD) Opens New Warehouse in Dubai Jebel Ali Free Zone

JD.com, Inc. (NASDAQ:JD) is one of the best very cheap stocks to buy according to hedge funds. The company officially opened a new warehouse in Dubai on August 18. The warehouse is a 10,000-square-meter facility situated in Dubai’s Jebel Ali Free Zone (JAFZA). This particular location was chosen for its status as a tax-free zone and its position at the crossroads of Asia, Africa, and Europe.

The facility is a direct investment made through JINGDONG Property, JD.com’s infrastructure platform, and is operated by JINGDONG Logistics. Its opening brings JINGDONG Logistics’ total number of warehouses in the UAE to six. The warehouse uses a digital operations model with real-time inventory management. It is powered by JD.com’s self-developed SaaS platform for supply chain emissions management, a tool designed to facilitate decarbonization. The system has already demonstrated high performance, achieving an outbound in-time rate of over 99.9%. The facility is currently providing storage for “nearly 1 million items” for a major electronics manufacturer.

JD.com, Inc. (NASDAQ:JD) is a Chinese e-commerce company. It operates one of the largest online retail platforms in China. The company also provides logistics, cloud computing, and supply chain services.

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Disclosure: None. This article is originally published at Insider Monkey.