Apr 28, 2021|
JD and UMG to Cooperate on Physical Music Products
by Vivian Yang
JD Entertainment, the arm of cultural and entertainment unit under JD.com, and Universal Music Group (UMG) announced on Apr. 26 to deepen cooperation on building the “internet + physical music” ecosystem and co-create a one-stop consumption experience for music fans in China.
In addition to the promotion of physical records, the two sides will also co-develop more high-quality vinyl records and artists’ merchandise.
Garand Wu, managing director of Universal Music China (third from left) and Simon Han, vice president of JD.com (third from right) on the cooperation launch ceremony
Better hardware performance in recent years has driven people’s increasing need and passion for high-quality music experiences and sales of CD and vinyl records are on the rise.
“Physical music is not out of date,” said Garand Wu, managing director of Universal Music China, at the cooperation announcement ceremony in JD’s headquarters in Beijing. Though streaming music is mainstream now, UMG’s vinyl records achieved 23.5% growth during the pandemic in 2020, Wu said.
Simon Han, vice president of JD.com pointed out that “JD.com strives to offer the sense of ceremony that many music lovers covet when they wish to enjoy music. By cooperating with UMG, we can provide more high-quality physical music resources to satisfy the diversified needs of our customers and build better connections between artists and fans, enhancing their mindset to seek international music products on JD’s platform.”
Authenticity stays at the core of JD Entertainment’s development. On the one hand, JD Entertainment leverages its capabilities such as OEM (original equipment manufacturer) resources to work with artists to build their authentic merchandise. On the other hand, the platform provides a reliable and convenient shopping experience to boost the fans economy.
“JD’s efforts in copyright protection and capabilities in supply chain, big data, digital marketing and more are widely recognized on the market. This cooperation is a meaningful exploration for us to promote the healthy development of the physical music market in China,” Wu added.
Concurrent with the cooperation announcement, the two sides jointly released the debut solo physical album of Sunnee, a former member of popular Chinese idol group Rocket Girls 101 and a signed singer under UMG. Since pre-sales on JD.com on Apr. 15, the album has become the No.1 pre-sale physical album of the year so far on the platform.
Singer Sunnee released her first physical solo album on JD.com
Apr 20, 2024|
JD.com Unveils Ambitious Plans for 618 Grand Promotion: Aiming to More Than Double High-Performing Merchants
JD.com is gearing up for this year’s 618 Grand Promotion with an ambitious goal: to more than double the number of merchants achieving sales over one million yuan on its platform. At the recent Conference of Merchants and Ecosystem Partners on April 18, JD.com introduced a range of supportive initiatives aimed at achieving this ambitious target.
Sandy Xu, CEO of JD.com, noted at the conference that the company will dedicate significant resources to bolster traffic support, incorporate advanced AI technology, and enhance service capabilities. These efforts are particularly focused on empowering third-party merchants, including small and medium-sized enterprises in its marketplace.
Key initiatives include optimizing the platform’s traffic distribution ecosystem to prioritize highly-rated stores and products and competitively priced products through enhanced search and recommendation mechanisms. Additionally, JD.com will continue to offer merchants free access to high-traffic channels, which include significant incentives such as the popular 10-billion-yuan discount and free shipping programs.
To engage more content creators, JD.com recently announced that it will allocate over one billion yuan in cash incentives and traffic resources. This investment aims to cultivate a vibrant ecosystem that supports merchants’ traffic, business growth, and innovation.
At the core of JD.com’s strategy is technological innovation, which involves integrating AI-driven solutions into merchant operations. This includes the deployment of JD’s proprietary large language model, ChatRhino, and an AI-empowered merchant operation platform that offers are variety of free AI applications, and more. These technologies streamline various operations scenarios, enhance efficiency, and reduce costs for merchants.
For instance, On April 16th, JD.com unveiled an AI digital avatar of its founder, Richard Liu, as a sales host on its livestreaming platform. This event attracted 20 million viewers in just one hour and generated sales exceeding RMB 50 million ($6.9 million). This AI-driven virtual host technology, developed by JD Technology, is now supporting over 4,000 brands on the platform. Additionally, merchants such as a sashimi knife seller can utilize JD.com’s AIGC content generation tool to quickly produce high-quality demonstration images, bypassing traditional costs associated with product photography.
JD.com also continues to enhance its service capabilities, particularly for small and medium-sized merchants. This includes personalized business guidance, comprehensive training programs, and upgraded after-sales services, ensuring a seamless shopping experience for customers.
As of March 2024, JD.com has seen a significant increase in active third-party merchants on its platform, surpassing one million. This growth is a testament to the platform’s effectiveness and its appeal to both new and established merchants.
Apr 18, 2024|
JD.com Awarded 2024 INFORMS Prize for Excellence in Operations Research and Analytics
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.
Israeli Ambassador to China Visits JD.com to Discuss Collaboration
