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JD.com (JD) Expands into Saudi Arabia with JoyExpress

JD.com, Inc. (NASDAQ:JD) is one of Goldman Sachs’ top Chinese stock picks. On June 18, JD Logistics, the logistics arm of Chinese e-commerce giant JD.com, announced the launch of JoyExpress in Saudi Arabia—its first direct-to-consumer express delivery service outside China. This milestone marks a key step in JD.com’s global logistics expansion.

JoyExpress is to offer delivery services as fast as the same day in Saudi Arabia, affirming JD.com’s push for growth on the international scene. Expansion abroad comes as the company faces stiff competition back at home. In addition, Chinese consumer confidence has dropped significantly amid wage growth concerns.

The company’s visionary leader, Richard Liu, has already emphasized the need for international expansion to safeguard the company’s future growth.

“We have been working in Europe for three years, and the logistics infrastructure there is now basically in place. However, it’s still not enough,” he said, according to local media reports.

By leveraging JD.com’s robust logistic network and tapping innovative ventures like food delivery, Liu hopes to challenge industry leaders across various sectors. The plan is to enhance its competitive edge by offering enticing incentives and attractive delivery benefits.

JD.com, Inc. (NASDAQ:JD) is a major Chinese tech and service company operating through JD Retail, JD Logistics, and New Businesses, offering a broad range of products and services—from consumer goods to healthcare. It supports third-party merchants with marketplace tools, provides omni-channel and online healthcare solutions, and delivers advanced logistics and supply chain services through its robust infrastructure.

While we acknowledge the potential of JD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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