Apr 30, 2020|
JD News Roundup Vol. 3 (April 18-30)
by Ella Kidron
Business updates
New platforms and consumption methods: JD announced its own JD Mini Program Open Platform on April 22nd. The project allows partners to create their own mini programs (app within in an app) on the JD app. Thanks to JD’s partnership with Tencent, the mini programs on JD can be seamlessly adapted for WeChat. Burger King is the first partner in the catering industry to use JD’s mini program platform, launching a special member center for JD PLUS premium members to reap a host of benefits. In a similar vein, JD’s use of social group commerce, a trendy new way to shop in China, in the first quarter of 2020 exceeded that of the entire year of 2019. How it works: Based on WeChat groups and mini programs, it enables participants to act as shopping guides to recommend products in a digital community. Get the full story.
JD’s mini program platform
New brands and partnerships: JD has welcomed a handful of new brands worth noting. In tribute to the great Italian designer Sergio Rossi, JD launched a flagship store on its platform. At the same time, NITORI, Japan’s largest home furnishing chain also opened its doors on JD, offering nearly 1,500 furniture products. JD’s omnichannel supermarket chain 7FRESH announced a partnership with Fujian province-based Fook convenience stores. 7FRESH will open its fresh food supply chain to Fook to help the local retailer expand its product offering while digitizing its operations. The move is part of 7FRESH’s broader mission to help partners strengthen their omnichannel businesses. JD has also formed a partnership with car fueling platform FLEETIN to introduce nearly 10,000 gas stations from over 1,500 cities and counties on JD. JD refuel through JD at offline gas stations and enjoy benefits. The partnership also helps offline gas stations attract more customers.
JD Cloud & AI in the spotlight: JD Cloud and AI has announced a strategic partnership with Cloudflare. Working with Cloudflare, JD will make it easier for companies who want to grow their business in China to securely deploy cloud-based services. In addition, through JD’s platform, customers in China will be able to fulfill their security and performance needs via Cloudflare’s leading suite of services both locally and anywhere across the world. Finally, the partnership will also enable Chinese companies to reach global audiences through Cloudflare’s international network, which is seamlessly controlled from within the JD Cloud dashboard. JD Cloud and AI is also partnering with SAIC Volkswagen on a series of Internet of Vehicles (IoV) initiatives. In 2020, the Passat and other models will include smart home service powered by JD’s IoT platform, JD Whale.
COVID-19 support
Global supply of anti-pandemic goods: JD has been supplying medical supplies and daily necessities to overseas customers in 105 countries and regions since January this year via Joybuy.com, the outbound e-commerce platform of JD.com. Even though the COVID-19 outbreak has reduced the number of international cargo flights by 90 percent, JD has managed to ensure cross-border transportation by rail, sea and transfer flight. JD’s enterprise procurement platform JD Business has also helped more than 10 Fortune 500 multinational enterprises procure anti-pandemic supplies for their global teams through their China branches. JD helps match the needs of each company with manufacturers who can meet them, demonstrating the depth and breadth of JD’s supply chain capabilities.
JD Chairman and CEO Richard Liu and JD.com donate overseas: On April 28th, Richard Liu, JD.com Chairman and CEO announced to donate medical supplies to Switzerland, including 800,000 KN95 protective masks and 800,000 disposable medical masks, 800,000 surgical gloves, 20,000 pairs of goggles, and 10,000 protective gowns to support the fight against COVID-19. Richard and JD.com have donated a massive quantity of medical supplies overseas to countries including the UK, Uzbekistan and Chile. The donations leverage JD’s supply chain capabilities to source from domestic manufacturers in China, helping them to gradually resume normal operations. Get the full story.
Richard Liu and JD.com donate emergency supplies to Switzerland
Continued recovery of Wuhan: JD’s highly automated Asia No. 1 logistics park in Wuhan has seen robust growth in the number of orders with the resumption of transportation in and around Hubei province during the lockdown. Almost 1,400 tons of fresh products from Hubei were sold on JD.com within just one week, among which oranges, crawfish and lotus root are the top three best-sellers. During the sales event, sales of crawfish increased by 500% as compared with the period prior to the lifting of the lockdown in Hubei province on April 7th.
Looking for more? Check out the below:
Data reports
- Consumption trends Jan-Apr 2020 (Infographic): https://jdcorporateblog.com/consumption-trends-during-covid-19-through-data/
- JD’s Mobile Phone Industry Whitepaper forecasts the price and volume of 5G phones to be sold during 2020: https://jdcorporateblog.com/jd-forecasts-5g-phone-sales-of-up-to-150-million-in-2020/
In-depth articles
- A look at store innovation through the rise of our omnichannel supermarket brand 7FRESH: https://jdcorporateblog.com/store-innovation-7freshs-jonathan-wangs-path-to-triumphal-arch/
- JD’s wine business has turned to livestream during the COVID-19 outbreak period to connect with customers, but the business itself is built on a fundamental trust in JD’s quality: https://jdcorporateblog.com/in-depth-report-jd-wine-offering-taste-trust/
- Logistics has undoubtedly played a critical role in the global response to the virus, but has the term itself become part of our common vernacular? This piece analyzes Google Trends and discuss the everyday magic of logistics: https://jdcorporateblog.com/in-depth-report-the-magic-logistics-pedia-of-jd-com/
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 Supplies 14 Million Anti-Epidemic Items for 10+ Fortune 500 MNCs
