Feb 4, 2021|
JD Provides Closed-Loop Services for Gold Trade
by Hui Zhang
JD launched an online “Gold Safe” business leveraging its logistics advantages, which is the first of its kind through online platforms in China, to provide one-stop services for gold buying, deposit to selling.
Thanks to JD’s Mini Storage service, which enables individuals and small enterprises to store their goods in JD’s warehouses securely and cost-effectively, consumers can directly store gold products into JD’s warehouses after purchasing from JD and they can take out their gold whenever they want. Their gold products will be delivered by JD Logistics. Consumers can select 90, 180 and 360 days for the storage period.
For gold investors, finding a reliable, stable and efficient agent to sell their gold has always been a problem, although there are many channels to sell gold, from small street stores and pawnshops to gold stores and banks.
Based on the market demand, JD took advantage of its supply chain to develop a gold buyback business in 2018. With its technology advantages, JD cooperated with China National Gold Group and Shandong ZhaoJin Group, to make it possible for consumers to not only buy gold online, but also sell online. Due to the simplicity of online operation, the online gold buyback model has been recognized by consumers and merchants, and has maintained rapid development in the past two years. In January 2021, sales of JD’s gold buyback business increased by 300% YOY.
“Purchasing gold online is becoming popular among consumers, and physical gold investment is gaining more attention. The launch of JD’s “Gold Safe” business will help make it easy and convenient for consumers to invest in gold and further improve the gold trade,” said a spokesperson from JD’s gold business.
As a precious metal for reserves and investment, gold can be considered a barometer of global economic stability. Data from the China Gold Association shows that in the third quarter of 2020, gold bullion and gold coin sales increased by as much as 66.73% YOY.
Apr 11, 2024|
JD.com Bolsters Video Content Creation with One Billion Yuan Investment
On April 10, 2024, JD.com announced an investment of one billion yuan in cash incentives aimed at attracting a wider pool of video content creators and institutions to its platform. This initiative underscores JD’s commitment to leveraging the power of short videos and live streams in innovating the online shopping journey for its users and providing brand merchants with novel avenues for growth.
According to the “China Internet Audiovisual Development Research Report (2024),” 71.2% of surveyed users engage in online shopping through watching short videos and live streams, with over 40% identifying them as their primary channels of consumption. This trend underscores the growing influence of video content on consumer purchasing behavior.
JD’s approach to cultivating a vibrant content ecosystem is multifaceted. For individual content creators, the platform offers generous cash subsidies across more than 20 product categories, including electronics, home appliances, fashion, and health, to name a few. Creators who meet the platform’s recruitment criteria can receive weekly bonuses of up to 30,000 yuan, alongside additional incentives such as video playback subsidies and sales commissions.
On the institutional front, JD has established a separate five-million-yuan incentive program. Institutions that successfully onboard a significant number of influencers will receive generous monthly cash subsidies. JD will also provide one-on-one guidance and support to enhance these institutions’ operational effectiveness on the platform.
A key element is the prioritization of high-quality, original content. The platform intends to amplify the reach of such content through algorithms, traffic coupons, and other means, thereby ensuring a richer and more engaging shopping experience for its users.
In a bid to further elevate its content offerings, JD is also in the process of incubating top-tier influencers, with plans to cultivate 100 star influencers by year-end. This initiative builds on the substantial growth witnessed in JD’s content ecosystem over the past year, marked by a 300% increase for “trial + review” videos in key metrics such as orders, user base, and viewing duration. Notably, during the Singles’ Day Grand Promotion in 2023, JD’s video challenges initiative generated nearly 100 million yuan in transactions, showcasing the immense potential of content-driven e-commerce.
JD.com’s latest investment reflects its ongoing dedication to innovation and excellence in e-commerce. By fostering a dynamic and creative content community, JD aims not only to enhance the shopping experience for its users but also to empower creators and institutions with new opportunities for growth and success.
Apr 10, 2024|
JD.com and Lenovo Form Strategic Cooperation to Drive AI Integration
On April 7, 2024, JD.com and Lenovo announced a strategic partnership focused on AI marketing, intelligent supply chains, and AI technology integration. The partnership positions JD.com and Lenovo as leading AI PC partners, with Lenovo targeting RMB 120 billion in sales across JD’s platforms within the next three years. The collaboration will be focused on accelerating the adoption of AI PCs and making smart devices more ubiquitous in households.
During the signing ceremony at JD’s headquarters, Sandy Xu, CEO of JD.com, highlighted the enduring collaboration between JD.com and Lenovo, predicting a surge in consumer demand and industry-wide innovation. Leveraging JD’s digital supply chain capabilities, the aim is to enhance consumer experiences for both individuals and enterprises.
Liu Jun, Executive Vice President and President of the China Region of Lenovo Group, underscored the significance of JD.com as a vital strategic partner in Lenovo’s AI-focused strategy. This collaboration intends to establish a comprehensive AI industry ecosystem, covering everything from AI PCs to servers and integrated solutions.
The partnership is structured around three principal goals: deepening collaborative efforts on Lenovo’s extensive AI products, solutions, and services; acting as mutual pioneers in the AI PC domain to encourage adoption via JD’s exclusive product launch deals; and working together to cultivate an AI terminal industry ecosystem that enhances the consumer experience.
In line with JD.com’s recently announced mission “Making Lives Better through Technology,” the company is committed to providing robust supply chain technology, integrating AI into physical scenarios, and offering more convenient and affordable consumption options.
JD Launches Amazon Kindle Super Box with Guozijian
