- Jan 27, 2021
- Business Update
JD Business Provides City Service Program for SMEs in 22 Cities in 2020
by Ling Cao
JD Business provided City Service Program in 22 cities with a high concentration of SMEs during 2020. The efforts covered the Beijing-Tianjin-Hebei region, Yangtze River Delta, and Greater Bay Area of Guangzhou, Hong Kong and Macau. Under the program, JD joins forces with local commercial institutions, SaaS providers and brand owners, providing SMEs with integrated services, including coupons, financial services and special discounts, helping them resume production under COVID-19.
As reported on Jan. 26, in Gaobeidian, Hebei province, JD Business helped a bag factory weather the impact of the epidemic. The factory head Mr. Sun said, “Due to epidemic, both export and domestic business have been suffered. Our orders decreased by two thirds, there was a lot of inventory stuck in the warehouse. Thanks to JD’s City Service Program, we have lowered procurement costs, as well as learned how to operate an online store, and continuously get orders from across the nation,” said Sun.
In Q4 2020, the Small and Medium Enterprises Development Index published by China Association of Small and Medium Enterprises kept going up, and marked three consecutive quarters of recovery. While still below the 2019 level, this is a promising indication for SMEs, and there is even more room to develop. Going forward, JD will leverage the program to help more SMEs accelerate their businesses.
A representative from JD Business shared, “Its JD’s long-term plan to help SMEs grow. We will introduce more resources to help them build sustainable business models.”