Aug 2, 2021| Newsletter
JD News Roundup Vol. 15: JD Ranks 59th on Fortune 500
Welcome to volume 15 (July 26 – August 1) of our 2021 weekly digest. Here we consolidate a selection of JD news regularly and give context on why it matters. If you have any questions or topics you are hoping we will explore, please email firstname.lastname@example.org.
JD Cracks Top 100 in Global Fortune 500
For the first time, JD.com has been ranked in the Top 100 of the latest Fortune Global 500 released on August 2, 2021, rising 43 places in one year—and continuing to be one of the world’s leading companies in the internet services and retailing industry.
Fortune writes of JD: “With nearly 500 million customers, JD.com’s revenue soared 40% to $32 billion in the first quarter of 2021, compared with the previous year, buoyed by resurgent demand from Chinese customers emerging from the pandemic and new partnerships with popular brands like Starbucks and sports retailer Decathlon.”
BVLGARI partners with JD in Innovative Cooperation Model
JD.com and LVMH’s luxury brand BVLGARI, established in 1884, have launched an innovative cooperation model, as announced on August 2. Through the model customized by JD for BVLGARI, consumers can type in “BVLGARI” or the brand’s related products in the search bar in the JD app, and then enter BVLGARI’s official JD mini program to enjoy the brand’s full range of products. It’s the first time the Italian luxury brand has ever worked with an online third-party platform.
“JD Luxury has rich experience in providing tailored solutions for luxury brands,” said Kevin Jiang, president of International Fashion and Lifestyle. “The cooperation between BVLGARI and JD through a customized and innovative model is a brand new exploration for both of us, and both sides will explore in-depth cooperation in the future to enhance the consumer experience and better meet the personalized needs of consumers while purchasing luxury goods online.”
JD Spotlights E-Sports at ChinaJoy Expo
JD launched its biggest ever 3,000-square-meter exhibition at the China Digital Entertainment Expo & Conference, a.k.a ChinaJoy2021, which took place from July 30 to August 2 in Shanghai. The exhibit was designed to showcase the latest gaming industry trends, what motivates China’s Gen-Z consumers, as well as the tremendous marketing opportunities arising from these developments, according to JD’s planning team for ChinaJoy.
The company’s Big Data Institute also released a new report highlighting several trends in China’s e-sports industry, including the rise of female gamers (with 40% of Nintendo consoles purchased by women); rapidly increasing market penetration in lower-tier cities; and strong growth across all categories in the industry.
JDL Self-developed Drones Played Role in Henan Flood Relief
Although flooding conditions in China’s Henan province have calmed, we are proud of JD’s logistics teams and couriers who sprung into action during the worst of the disaster. Go behind the scenes of the account of one JDL employee who traveled 10 hours in a truck to deploy JD’s self-developed logistics drone in the delivery of emergency supplies to stranded workers.
Auto Giant Geely to Leverage JD’s Supply Chain
JD and Geely signed a partnership agreement on Jul. 26 stating that the automotive company will leverage JD.com’s integrated supply chain abilities for its business and cooperate in supply chain consulting, intelligent forecasting, omni-channel warehousing, internal logistics, smart warehousing, commercial vehicle technology opening-up and more.
JD Cloud Awarded for Low-Carbon Efforts
JD Cloud won an innovation award for its low-carbon data center in Suqian of Jiangsu province and has been certified as an excellent carbon disclosure internet and tech company, in the latest evaluation of data centers’ carbon emission performance organized by the China Academy of Information and Communications Technology (CAICT) and others on July 13.
“The fast development of digital transformation in many industries has driven up energy consumption for data centers,” said Liqiang Gao, president of JD Cloud. “We have been adopting technological innovation and clean energy in operating JD’s data centers across China to go digital and green in our carbon reduction efforts.”
JD.com Ranks 59th in 2021 Fortune Global 500
by Vivian Yang
For the first time, JD.com has been ranked in the Top 100 of the latest Fortune Global 500 released on August 2, 2021, rising 43 places in one year.
JD’s recent development is recognized on Fortune’s website as the company profile describes: “With nearly 500 million customers, JD.com’s revenue soared 40% to $32 billion in the first quarter of 2021, compared with the previous year, buoyed by resurgent demand from Chinese customers emerging from the pandemic and new partnerships with popular brands like Starbucks and sports retailer Decathlon.”
JD’s recent IPOs were also highlighted. “The might of the JD.com empire was also on display in the IPOs of the company’s spinoffs. In December 2020, JD Health raised $3.5 billion in its debut on the Hong Kong exchange. Months later, JD Logistics raised $3.2 billion in its own Hong Kong IPO,” the article continues.
Besides being an internet giant globally, the company also sees itself as having unique DNA to deeply engage in the development of physical businesses and the growth of China’s real economy during the country’s post-COVID economic recovery.
“JD will leverage its strength and experience in digitalization and innovation to support enterprises in digital transformation and promote the high-quality growth of China’s real economy,” reads the company’s latest announcement.
By the end of 2020, JD has been serving more than 8 million active enterprises partners both large companies of Fortune Global 500 and local SMEs with its capacities in smart supply chain, Customer-to-Manufacture (C2M) model, logistics infrastructure, cutting-edge technologies in AI and Cloud and more.
By the end of Q1 2021, JD has further reduced its inventory turnover to 31.2 days, continuing to enhance its ability to serve its customers and partners. While operating millions of SKUs online, it has expanded its capabilities to enable the recovery and innovation of offline businesses in the form of omni-channel supermarkets, self-operated and franchised convenience stores, brick-and-mortar stores of digital products, car maintenance services, florists, drug stores and more.
Moreover, the company’s over 314,000 employees including about 200,000 JD frontline couriers not only strived to ensure the premier customer experience and same/next-day delivery service across the country, but also made tremendous efforts in the fight against COVID-19 and the recent flood in Henan to support the government and society on supplying and transporting living necessities and helping farmers and merchants both online and offline to continue their businesses in rough times.
Stay up to date on the latest news from JD.com
Enter your email address to subscribe to this blog and receive notifications of new posts by email.