Feb 26, 2021| JD Technology

“Hoarding Clouds” Becomes a New Fashion of Chinese SMEs

Vivian Yang

by Vivian Yang

JD Cloud kicked off its spring promotion on Feb. 25^,to offer cloud-based products and services at prices as low as 86% off. The promotion will last for a month until Mar. 31, coinciding with the prime time when small and medium enterprises plan their new year cloud deployment.

“Just like people hoard baby diapers, we are now hoarding the clouds,” said Qixiao Lin, a manager of a small retail company. “Now we can find good deals to prepare the resources. I took in 5 times the public cloud resources as in the previous year during the promotion.”

Business demand for cloud resources are growing steadily on the Chinese market. For individuals and SMEs who do not have the ability and budget to build their private clouds, public cloud computing services are their ideal solutions.

Due to the outbreak of COVID-19, Yuanzhe Zhang’s online education company saw explosive growth in 2020 and their IT infrastructure under Zhang’s supervision underwent huge pressure overnight. Zhang was glad that the public cloud services he had prepared are highly flexible, helping him sail through this user surge. Zhang took advantage of the current promotion to book more than RMB 200,000-yuan worth of cloud resources in case of a rainy day in the future.

“Public clouds have become the water and electricity for the development of many SMEs,” said a representative of JD Cloud. “It will save them about 30% to make the purchase during the March promotion.”

JD Cloud provides cutting-edge scientific and technological capabilities in the fields of artificial intelligence, big data, cloud computing and the Internet of Things. Their ability has been repeatedly tested in China’s super shopping festivals, and can be customized to serve a variety of business needs.

(vivian.yang@jd.com)

Apr 18, 2024| ESG, JD Logistics, JD Retail, JD Technology

JD.com Awarded 2024 INFORMS Prize for Excellence in Operations Research and Analytics

Yuchuan Wang

JD.com is honored to announce that it has been awarded the 2024 INFORMS Prize. This recognition makes JD.com the first Asia-based enterprise to receive the award, highlighting its pioneering use of advanced analytics and operations research/management sciences (OR/MS) within its business operations.

The INFORMS Prize is awarded an organization that has repeatedly applied the principles of advanced analytics and OR/MS in pioneering, varied, novel, and lasting ways. Previous recipients include Walmart, Wayfair, Amazon, UPS, Booz Allen Hamilton, BNSF Railway, Walt Disney Company, U.S. Air Force, General Motors, Intel, HP, IBM, Ford, Procter & Gamble and GE Research.

Speaking on behalf of the selection committee, Mehmet Gumus, 2024 INFORMS Prize committee chair, remarked: “JD.com is showcasing data science as a source of business success and a necessary element to achieve customer satisfaction with continuous and dedicated practice. JD.com is truly deserving of this prestigious prize, and the entire O.R. and analytics community joins INFORMS in thanking them for their priceless contributions to the field and the business world.”

JD.com’s commitment to enhancing operational efficiency and customer service through OR/MS has been integral to its success. The company has developed an independently managed intelligent supply chain system that utilizes cutting-edge operations research algorithms to optimize warehouse management and logistics operations. This includes the operation of hundreds of intelligent warehouses and dozens of “Asia No. 1” intelligent logistics parks.

“We are honored to accept the INFORMS Prize and will continue to be steadfast in our dedication to leveraging the transformative potential of operations research,” said Sandy Xu, CEO of JD.com. “Our company’s supply chain not only aims to lead the industry, but also enhance the efficiency and well-being of our entire ecosystem.”

By the end of the fourth quarter of 2023, JD’s supply chain infrastructure assets had grown to RMB 153.8 billion, an increase of 16% year-on-year. Managing over 10 million self-operated SKUs, JD has achieved a global leading average inventory turnover of 30.3 days. This operational prowess enables JD to fulfill 95% of retail orders within 24 hours, significantly enhancing customer satisfaction and setting new standards in the industry.

(yuchuan.wang@jd.com)

Dec 13, 2023| JD Technology

JD Technology’s Supply Chain Financing Extends to Third-Party Warehouses

Yuchuan Wang

JD Technology, the technology services arm of JD.com, recently announced the opening of its supply chain finance services to third-party warehouses. In collaboration with Deppon Express, JD Technology now provides warehousing operations + mortgage financing solutions to clients in sectors ranging from home appliances to wine & spirits industries.

Since 2014, JD Technology has been at the forefront of offering logistics financing solutions tailored to industry needs. At present, JD’s mortgage financing offers loans secured against stored goods. This innovative platform supports real-time, automated management of collateral, enabling around-the-clock repayment options. For merchants selling through JD.com’s retail business, JD Retail, credit lines of up to RMB 10 million can be approved automatically, with funds made available instantly. This contrasts with traditional financial institutions, as non-JD Retail merchants benefit from simpler document submission requirements and a more efficient due diligence process.

Deppon Express operates in more than 60 cities and has 1.3 million square meters of warehouse space. It provides customized solutions for large and delicate items such as home appliances, furniture, and wine & spirits, and enhances JD’s supply chain financing in monitoring and managing goods in warehouses. JD Technology’s expertise in supply chain financing is anchored by three core capabilities: the efficient management of goods, accurate valuation of goods, and a robust network for goods disposal. Specifically, in terms of product admission and valuation, JD Technology can integrate online sales data to systematically and dynamically estimate the value of goods. This approach considers various factors, including historical transaction data, product price trends, and projected market demand, and more.

JD Technology’s logistics financing solutions are making a significant impact across nine key industries, ranging from home appliances to spirits, and encompassing sectors like computer and office supplies, mobile phones, as well as baby and maternal products. The scale of its operations is vast, having overseen more than 2,000 warehouses and managing an inventory valued at over 20 billion yuan.

(yuchuan.wang@jd.com)