Sep 6, 2021|
JD News Roundup Vol. 19: Kuaishou book partnership, 5G expansion and more
Welcome to volume 19 of our 2021 weekly digest. Here we consolidate a selection of JD news and give context on why it matters. If you have any questions or topics you are hoping we will explore, please email press@jd.com.
BUSINESS HIGHLIGHTS
JD RETAIL
JD and Kuaishou to showcase books
JD Books will partner with China’s leading video-sharing app Kuaishou to create an initiative supporting livestream influencers to recommend books. The partnership will bring together JD’s strength in book supply chain and Kuaishou’s traffic and live-streaming ability to enrich reading culture in China, as knowledge sharing formats have been gaining steam in the market.
Rise of China‘s living room economy
Across China, living rooms have turned into a new type of space where various intelligent and personalized products are being displayed and used, according to JD’s new “2021 Living Room Consumption Trend Report.” Some trends include Gen Z’s preference for a recreational element to their living rooms; whereas post-‘75s are focused on creating home cinema experiences. Read more here.
Lagardère partnership
JD Worldwide, the import platform of JD.com, will explore in-depth cooperation in both online and offline, cross-border and duty-free business with Lagardère Travel Retail in the near future, after Lagardère Travel Retail announced that it had obtained investment from JD.com on Sept. 1.
Lagardère Travel Retail and JD.com will cooperate in areas including omni-channel retail, smart supply chain, logistics and data analysis.
JD TECHNOLOGY
JD’s contribution to 5G’s profound impact across industries
JD is playing a significant role in supporting 5G expansion in China, providing operators and 5G device enterprises with industrial support; bringing 5G shopping experiences to customers; and leading the technological innovation of 5G in multiple areas.
The rise of 5G is also demonstrated in the sales volume of 5G mobile phones and other 5G products on JD.com, with sales of 5G mobile phones increasing 500% YOY; and TVs with 5G network capability increasing 100% YOY. Additionally, JD is supporting the use of 5G in various e-commerce and retail scenarios, including AR/VR, livestreaming, cloud shelf solutions and more.
JD LOGISTICS
JD’s cooperation with Shaanxi coal mine increases operation efficiency
Xiaobadang Mining Company, a leader in China’s mining industry, utilizes an intelligent supplies warehouse powered by JD Logistics’ integrated supply chain, serving as a key example of how JD is driving digitalization across different industries. Read more for how JD’s automated supply chain has helped Xiaobadang Mining Company increase operation efficiency.
Aug 3, 2023|
JD.com Ranks 52nd on the 2023 Fortune Global 500
by Vivian Yang
Securing a position on the Fortune Global 500 list for the eighth consecutive year, JD.com proudly announces its rank of No.52 in the newly released 2023 edition, released on August 2, 2023. The annual ranking recognizes the largest companies measured by their revenues. In 2022, JD.com achieved a 9.9 percent year-over-year growth, reaching full-year net revenues of RMB 1.0462 trillion. This notable achievement also marked the first time JD.com surpassed the milestone of RMB 1 trillion yuan.
JD.com’s inclusion on the Fortune Global 500 list since 2016 demonstrates eight years of significant expansion and progress, as illustrated by the following figures:
- Created 45,000 new jobs.
- Expanded its customer base to nearly 600 million.
- Increased warehouses from 214 to over 1,500.
- Amplified the output value of real economies by nearly 4.8 times.
- Successfully reduced the fulfillment expense rate by over 20%.
These numbers reflect JD.com’s relentless pursuit of technological and service innovation in the supply chain sector. Leveraging these capabilities JD.com has bolstered its portfolio of businesses, which spans across e-commerce, logistics, technology, health, industrials, property management, insurance, and more. Furthermore, these capabilities have been instrumental in merging digital and physical economies across various sectors, generating societal value and benefiting a wider demographic.
Supporting Employment and Consumption
By harnessing its robust supply chain capabilities, JD.com is serving millions of merchants both online and offline. The company’s mission is to augment merchants’ operational efficiency and cost-effectiveness while offering consumers a superior shopping experience defined by variety, speed, quality, and value.
JD.com is committed to the welfare of its over 560,000-strong workforce and has invested nearly RMB 50 billion yuan in initiatives such as housing funds, relief, and family support for staff. In May, JD.com announced a significant investment of RMB 6 billion for the “JD Youth City” project, , offering nearly 4,000 furnished apartments and leisure facilities for employees and interns embarking on their careers. Moreover, JD’s extensive supply chain system is estimated to have created approximately 25 million stable jobs across a wide range of industries.
Promoting Digitalization and Rural Revitalization
In the realm of technological innovation, JD.com has invested over RMB 100 billion yuan in research and development over the past six years. The company’s focus has been on enhancing supply chain efficiency and sharing infrastructure and technologies with traditional enterprises to usher them into the digital age. For instance, JD’s consumer-to-manufacturer (C2M) platform has enabled thousands of brands to decrease product demand research time by nearly 80 percent and reduce new product release cycles by nearly 70 percent.
Moreover, JD’s supply chain infrastructure and digital technologies have brought about positive changes in rural areas. The “March to Rich” plan, launched in October 2020, has generated over RMB 1 trillion in output value in rural regions over the past three years, thereby facilitating efficient sales of agricultural products for farmers while empowering them with sustainable development models.
JD.com’s “35711 Vision”
On its 20th anniversary in June, JD.com unveiled the “35711 Vision”, an ambitious roadmap for the next two decades. The vision outlines goals to establish three companies with over RMB 1 trillion in revenue and RMB 70 billion in net profits, positioning five JD companies on the Fortune Global 500, and seeing seven startups become publicly listed companies and attain a market value of RMB 100 billion. JD.com also plans to contribute RMB 100 billion in taxes and create over one million jobs.
Beyond financial milestones. The company aims to deliver substantial societal value, including providing over RMB 3 trillion in benefits to front-line employees, increasing the income of 100 million farmers, aiding 60 million small and medium-sized enterprises in their digital transformation, and establishing a global supply chain infrastructure that covers economies that represent 80% of the world’s economic volume., JD.com is also deeply committed to achieving carbon neutrality, further underscoring its dedication to environmental sustainability.
JD.com and Lagardère Travel Retail Announced a Partnership
