Dec 24, 2020| JD Technology
JD Cloud & AI partners with Beijing Life on Industry Digitalization
by Martin Li
JD Cloud & AI will partner with insurance company Beijing Life to advance digitalization in the insurance industry, based on a cooperation agreement signed by the two parties.
The cooperation will regard cloud services, AI, Internet of Things and community health services.
JD Cloud & AI will provide safe and reliable basic cloud services including the public, private and hybrid cloud, helping Beijing Life build its fundamental cloud computing platform.
The application of AI technologies is expected to digitalize the insurance company’s whole business chain.
In addition, JD will use its supply chain to help Beijing Life upgrade its community health service business.
(bjllihao3@jd.com)
Sep 5, 2023| Executive Spotlights, JD Technology
Pioneering Digital Transformation: JD.com’s Robust Presence at CIFTIS 2023
by Vivian Yang
For the fourth consecutive year, JD.com proudly served as the global partner of the 2023 China International Fair for Trade in Services (CIFTIS), showcasing expansive exhibitions across both physical and digital platforms. This year’s participation included several of JD’s business segments—ranging from retail and logistics to technology, healthcare, industrial operations, property development, insurance, and private label. Through its uniquely designed booths, the company focused on spotlighting digitally intelligent technologies engineered to enhance service trade efficiency and improve quality of life.
JD Cloud, leveraging its digital capabilities, played a crucial role in enhancing the virtual components of the fair. For instance, its Customer Relations Management system facilitated a 10 percent increase in marketing effects for both the event organizers and participating vendors. JD’s technology was also pivotal in streamlining various operational facets, such as guest reception, enterprise services, and ticket management, which amplified user engagement and satisfaction.
Sandy Xu, CEO of JD.com, delivered a speech on the opening day, articulating the significant role that digital transformation plays in driving sustainable and high-quality economic growth. In her remarks, Xu emphasized how JD’s supply chain bridges the gap between consumers on one end, with nearly 600 million users across China connected to the internet, and the industrial internet on the other end, with a vast number of products from manufacturers and brands. JD’s digitally intelligent technologies pave the way for seamless flow between both ends.
Sandy Xu, CEO of JD.com delivered a speech at China E-Commerce Convention during CIFTIS
To illustrate the effectiveness of the company’s supply chain, JD.com boasts an industry-leading inventory turnover rate of just 31.7 days as of June 2023, managing an unmatched number of over 10 million SKUs. Furthermore, JD successfully reduced its fulfillment expense rate to 5.8% YOY, setting a new benchmark in integrating the digital and physical worlds.
Positioned as “a technology and service enterprise with the supply chain at its core,” JD.com has continuously applied digitally intelligent technologies across the supply chain continuum. This includes aspects like production, distribution, consumption, and after-sales services. As of June 2023, JD.com’s supply chain infrastructure assets were valued at RMB 140.8 billion. This robust infrastructure does more than just fortify the stability and reliability of JD’s own supply chain operations; it also serves as a catalyst for the digital transformation of the company’s partners and associated enterprises across the entire supply chain ecosystem. In doing so, JD is making a tangible contribution to the high-quality, sustainable development of the real economy.
JD.com is committed to broadening the accessibility of its supply chain infrastructure and digital prowess to all industries. Concurrently, the company gathers industry-specific insights to curate bespoke technologies and services tailored to various sectors, such as retail, energy, manufacturing, automotive, and transportation. In doing so, JD is not just advancing its own digital infrastructure but also equipping various industries with the tools needed to expedite their digital transformation journeys, thereby unlocking their value across the industrial landscape.
Aug 3, 2023| ESG, JD Technology
JD Technology’s Pioneering ESG Work: Championing Social Equity Through Innovation
JD Technology, a subsidiary of JD.com, released its 2022 Environmental, Social, and Governance (ESG) report on July 27, showcasing a myriad of achievements that are shaping the future of digital technology in sustainable ways.
The report highlights JD Technology’s work in digitizing municipal services across over 100 cities, providing digital solutions to 914 financial institutions, and empowering 430,000 SMEs with loans amounting to RMB 51.1 billion.
Biological Assets Digital Platform
Promoting social equity through digital technologies is at the heart of our ESG efforts. One example of this is JD Technology’s Biological Assets Digital Platform, introduced earlier this year.
Leveraging technologies such as IoT, AI, and blockchain, the Biological Assets Digital Platform constructs a digital twin of real agricultural assets. This unique approach allows all stakeholders, from financial institutions to farm owners, to monitor the assets in real time. The platform has already enabled businesses and farmers to obtain RMB 7.3 billion in loans.
Case Study: Xinzhongsheng Agriculture and Animal Husbandry Group
Xinzhongsheng Agriculture and Animal Husbandry Group owns two sheep breeding bases with 100,000 sheep and a breeding farm with 10,000 breeding sheep.
Xinzhongsheng had ambitious plans to expand, but they faced financing challenges that are common in the highly-volatile livestock and aquaculture farming industries. Xinzhongsheng needed a creative solution, and they found it in JD Technology’s Biological Assets Digital Platform.
JD Technology deployed smart cameras in Xinzhongsheng’s breeding bases, which support real-time supervision and conducted automatic inventory reviews of sheep with the help of AI algorithms and big data capabilities.
By leverage the platform, financial institutions including Chang’an Bank and Shaanxi Yuzheng Financing Guarantee Company were able to access accurate inventory results and obtain data that enabled them to reduce post-loan management risk. This approach enabled Xinzhongsheng to successfully secure a loan of RMB 10 million.
Empowering Rural Credit Officers with a New WeChat Mini Program
In May, JD Technology took another innovative step by launching a version of its digital platform as a WeChat mini program, tailored for individual rural credit officers and farmers, providing services free of charge.
This mini program has revolutionized the traditional loan-access process in agriculture, using AI technology to automate the verification of biological assets like cows, sheep, and pigs through uploading photos. It not only makes the process more convenient and intelligent but also reduces post-loan management costs.
Looking ahead, JD Technology is committed to continuously innovating and expanding our services, with future upgrades planned for the mini program to further connect with financial service platforms.
By harnessing cutting-edge technology to drive social change and environmental responsibility, JD Technology is not just imagining a better future – we are actively creating it.
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