Nov 3, 2021|
JD Procured RMB 310 Billion Yuan Imported Products in Past 2 Years
by Mengyang He
On November 2, JD released its “Report on JD.com Imported Products Consumption” at the “Ambassadors’ Forum on International Consumption” in Beijing, revealing that JD has procured RMB 310 billion-worth of imported products over the past two years.
Ahead of the upcoming 4th China International Import Expo (CIIE) and amidst JD’s Singles Day Grand Promotion, senior diplomats from five countries, including ambassadors of Chile, Denmark, Indonesia, Thailand, and the Minister for Commercial Affairs of Embassy of Japan, joined the forum and discussed the pathways for China’s import consumption.
“Among imported products on JD, cherries from Chile, cookies and milk powder from Denmark, latex pillows from Indonesia, bird’s nest from Thailand, Nintendo and Sony game consoles from Japan are some of the most popular imported products among Chinese consumers,” said Simon Han, Vice President of JD.com and Head of JD Retail V Business Group.
JD’s report on imported consumption also highlighted the increasing popularity of the categories of beauty, maternal and child, and nutrition and health products. In addition, the rising categories in JD’s 2020 import consumption include medical care, pet supplies, food and beverage, personal care, and more.
H.E. Luis Schmidt, the Ambassador of Chile, noted that Chile is the first country from South America that established a National Pavilion on JD.com, and the Chile National Pavilion offers products from 30 Chilean brands. According to statistics, the transaction volume of Chilean cherries soared by 210% on Day 1 of JD’s 2021 Singles Day Grand Promotion.
Till now, JD has opened 22 National Pavilions. The number of new brands on JD.com being introduced through national pavilions has increased over 100% in 2020, and more of them are expected to continue to bring local authentic and high-quality products to Chinese consumers.
H.E. Thomas Østrup Møller, the Ambassador of Denmark, mentioned that “in the last year, China became Denmark’s 5th export market for the first time. Lego, Arla, B&O, ECCO are very popular in the Chinese market.”
In bringing overseas brands and merchants, especially SMEs, “JD Worldwide has proposed a range of methods, including through third party operation and livestreaming,” explained Mr. Frank Yu, Deputy General Manager of JD Worldwide at JD Retail V Business Group.
Logistics is also of critical importance to cross-border trade. As of June 30, 2021, JD has approximately 50 bonded warehouses and overseas warehouses combined, which cover more than 500,000 square meters. JD is constructing two “48-hour roads” (routes through which packages can be delivered internationally within 48 hours) in a bid to increase shipment of goods from overseas to China and vice versa.
H.E. Djauhari Oratmangun, the Ambassador of Indonesia, also recognized that “JD has played a significant role in promoting Indonesian products to the Chinese market. Meanwhile, JD’s e-commerce joint venture in Indonesia, JD.ID, has already developed into one of the six largest e-commerce companies in the country.”
H.E. Arthayudh Srisamoot, the Ambassador of Thailand, noted that Thai products are also very popular in China. During JD’s 618 Grand Promotion in 2021, 260,000 durians were sold on JD.com. The Ambassador also praised JD’s joint venture with Thailand’s Central Group, aka. JD Central, as it has been a great help amid growing Sino-Thailand trade.
Mr. Tanaka Eiji, Minister for Commercial Affairs of Embassy of Japan expressed that during his recent visit to JD’s Plant Factory in suburb Beijing, the hygiene standard was very high, and he was hoping Chinese consumers can access to Japanese vegetables and products more easily.
In addition to giving keynote speeches, the senior diplomats also participated in a discussion about cross-border trade, the economy, and the Singles Day Grand Promotion.