- Apr 10, 2020
- Business Update
JD “Housing Plan” Funds Pool Expanded to RMB 1 Billion
by Ling Cao
JD announced today that it has expanded its employee “housing plan” fund pool to RMB 1 billion for employees who want to purchase a home. Eligible employees can receive as much as RMB 1 million in interest-free loans.
JD kicked off this initiative in 2012 to help support employees with the down payment on their first house. The project was further upgraded in 2017 to support employees working in Beijing to buy houses in surrounding cities, such as Tianjin, and some cities in Hebei province. To date, nearly 1,500 JD employees have benefited from this project.
JD has implemented several welfare programs. The company previously established an aid fund to provide basic study and living expenses for the children of employees who are incapacitated or pass away. JD has also allocated more than RMB 500 million to help nearly 50,000 employees who opt to work during the Spring Festival holiday period to reunite with their families.