JD News Roundup 2021 Vol. 1 (Jan. 1-8)

Welcome to our 2021 bi-weekly digest. Here we consolidate a selection of JD news regularly and give context on why it matters.

JD News Roundup 2021 Vol. 1 (Jan. 1-8)

by Ella Kidron

Happy New Year from JD.com! After a brief three-day reprise last weekend, we are back at it, bringing you the latest company news. Here are a few quick updates from the first week of 2021.

Business Updates

JD PLUS Day Promotion: JD PLUS, JD’s premium membership program, held its annual grand promotion on Jan. 8. Benefits include the opportunity to use RMB 1.8 yuan to purchase cosmetics and handbags, as well as discounts to purchase a wide range of other products. JD PLUS has already cooperated with over 800 brands, including Unilever, Siemens and Yili, with 720 brands providing 5% discounts for members purchasing products on JD. Members can also enjoy special prices for millions of products on JD.

JD enters the duty free market: Ahead of New Year’s, JD Worldwide opened a duty free store in Sanya, the popular tourist destination in China’s Hainan province. By joining the duty free business, JD can benefit brands and traditional industry players with supply chain capabilities and digital tools. Unlike traditional duty free stores, which tend to focus on cosmetics, luxury, fashion, alcohol and more, JD has leveraged its advantages in the consumer electronics area to focus on sourcing these types of products for the store. This move also expands the benefits of duty free to a wider customer base. We recently spoke to a few regular duty free customers about their views on the industry. Hear from them here: https://jdcorporateblog.com/in-customers-eyes-jds-differentiated-duty-free-shopping-experience/

JD Logistics upgrades its Tibet infrastructure: JD Logistics unveiled its updated logistics system in Tibet in collaboration with the local government. An integrated warehousing and distribution center was opened in Lhasa on the first day of the New Year, and will serve as an important logistics infrastructure to drive up supply chain efficiency for the local economy, with priority on the promotion of local agricultural products. The move signifies a milestone for Tibet’s logistics development and is designed to provide a comprehensive network in Tibet.

Have a bit more time? Check out some of our recent long reads, data reports and lighter reads here:

In-Depth: Providing One More Reliable Choice for Customers with Private Label Brands: A look into JD’s private label brands, and the overall state of the private label industry

With the coldest winter in over 60 years coming over Beijing this week, any guesses as to what people are stocking up on? JD data has some insights here: https://jdcorporateblog.com/in-high-demand-on-jd-four-must-haves-for-beijings-blistering-winter-commute/

In photos, this week at JD: https://jdcorporateblog.com/photo-gallery-this-week-at-jd-january-1-january-8/

 

 

(ella@jd.com)

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