In 2015, Zitra became joint venture between Otto Group and JD.com
Founded in Germany in 1949, today the Otto Group is operating a retail and services group with around 54,260 employees (as of February 2014). The group includes more than 123 major companies and is present in over 20 countries in Europe, North and South America and Asia. Its business activities are grouped into three segments: Multichannel Retail, Financial Services and Service. In the 2013/14 financial year (to 28 February) the Otto Group generated a turnover of 12 billion euros. It is the world's second-largest online retailer in the end- consumer (B2C) business and Europe's largest online retailer in the end-consumer B2C fashion and lifestyle business. E-commerce, catalogue sales and over-the-counter retail form the three pillars of the Otto Group's Multichannel Retail strategy. Its worldwide corporate activities, numerous strategic partnerships and joint ventures provide the Otto Group with excellent opportunities to transfer know-how and leverage areas of synergy potential.
Find out more at OttoGroup.com
JD.com, Inc. is China's leading online direct sales company and the country's largest internet company by revenue. The company strives to offer consumers the best online shopping experience. Through its content- rich and user-friendly website, JD.com, and mobile applications, JD.com offers a wide selection of authentic products at competitive prices and delivers products in a speedy and reliable manner. The company believes it has the largest fulfillment infrastructure of any e-commerce company in China. JD.com operated seven fulfillment centers and a total of 166 warehouses in 44 cities, as well as 4,142 delivery stations and pick-up stations in 2,043 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100.
Find out more at: JD.com
As an incentive to top management, MBO was completed in 2018.