Dec 2, 2020|
JD’s Data Shows Different Warming Consumptions Between Northern and Southern China
by Hui Zhang
JD’s data continues to demonstrate the vitality of the post-COVID economy in China, revealing how consumers from the northern and southern parts of China are keen on different household products to keep warm as the weather is getting colder.
According to JD’s data in November, consumers from northern China bought more heat warmers while those from southern China spent more on innovative heating products, such as electronic towel racks, which may serve as towel dryer, heater and dehumidifier.
Since consumers in northern China started getting heat from the public utility system in early November, radiators and wall-mounted furnaces have become best-sellers for local people who want to supplement the in-house heating. Sales of radiators and wall-mounted furnaces on JD increased by over 100% YOY on Nov. 1 alone. Sales of the two categories increased by 77% YOY from Nov. 1 to Nov. 26, with the majority of radiator consumers being women, accounting for 56.29% of the total number. Shandong province, Hebei province and Beijing are among the top three regions in terms of purchase volume.
Compared with the northern part of China, which is dry and warm (indoors) thanks to the public utility system, the southern part is relatively wet and cold, which is difficult for the drying of household necessities and clothes. Traditionally, as a national policy created in early 1950s, public utility system in cities and townships in southern part of China doesn’t provide heating services during the winter, due to the relatively higher temperature comparing with the northern part of China, in order to save energies.
As a result, innovative warming household products, such as electronic towel warming racks, are favored by local people in southern part of China. According to JD’s data in November, electronic towel racks are widely welcomed by consumers in the southern part of China, with married men aged 26-35 particularly keen on buying electric towel racks. Jiangsu, Sichuan, Guangzhou and Shanghai are among the top four regions, accounting for more than 50% of the sales of electronic towel racks.
“This year is expected to be one of the particularly cold years, and a new round of cool air is coming,” said a merchandising manager from JD. “JD has leveraged its big data capability to precisely recommend household warming products to potential consumers.”
Apr 20, 2024|
JD.com Unveils Ambitious Plans for 618 Grand Promotion: Aiming to More Than Double High-Performing Merchants
JD.com is gearing up for this year’s 618 Grand Promotion with an ambitious goal: to more than double the number of merchants achieving sales over one million yuan on its platform. At the recent Conference of Merchants and Ecosystem Partners on April 18, JD.com introduced a range of supportive initiatives aimed at achieving this ambitious target.
Sandy Xu, CEO of JD.com, noted at the conference that the company will dedicate significant resources to bolster traffic support, incorporate advanced AI technology, and enhance service capabilities. These efforts are particularly focused on empowering third-party merchants, including small and medium-sized enterprises in its marketplace.
Key initiatives include optimizing the platform’s traffic distribution ecosystem to prioritize highly-rated stores and products and competitively priced products through enhanced search and recommendation mechanisms. Additionally, JD.com will continue to offer merchants free access to high-traffic channels, which include significant incentives such as the popular 10-billion-yuan discount and free shipping programs.
To engage more content creators, JD.com recently announced that it will allocate over one billion yuan in cash incentives and traffic resources. This investment aims to cultivate a vibrant ecosystem that supports merchants’ traffic, business growth, and innovation.
At the core of JD.com’s strategy is technological innovation, which involves integrating AI-driven solutions into merchant operations. This includes the deployment of JD’s proprietary large language model, ChatRhino, and an AI-empowered merchant operation platform that offers are variety of free AI applications, and more. These technologies streamline various operations scenarios, enhance efficiency, and reduce costs for merchants.
For instance, On April 16th, JD.com unveiled an AI digital avatar of its founder, Richard Liu, as a sales host on its livestreaming platform. This event attracted 20 million viewers in just one hour and generated sales exceeding RMB 50 million ($6.9 million). This AI-driven virtual host technology, developed by JD Technology, is now supporting over 4,000 brands on the platform. Additionally, merchants such as a sashimi knife seller can utilize JD.com’s AIGC content generation tool to quickly produce high-quality demonstration images, bypassing traditional costs associated with product photography.
JD.com also continues to enhance its service capabilities, particularly for small and medium-sized merchants. This includes personalized business guidance, comprehensive training programs, and upgraded after-sales services, ensuring a seamless shopping experience for customers.
As of March 2024, JD.com has seen a significant increase in active third-party merchants on its platform, surpassing one million. This growth is a testament to the platform’s effectiveness and its appeal to both new and established merchants.
Apr 18, 2024|
JD.com Awarded 2024 INFORMS Prize for Excellence in Operations Research and Analytics
JD.com is honored to announce that it has been awarded the 2024 INFORMS Prize. This recognition makes JD.com the first Asia-based enterprise to receive the award, highlighting its pioneering use of advanced analytics and operations research/management sciences (OR/MS) within its business operations.
The INFORMS Prize is awarded an organization that has repeatedly applied the principles of advanced analytics and OR/MS in pioneering, varied, novel, and lasting ways. Previous recipients include Walmart, Wayfair, Amazon, UPS, Booz Allen Hamilton, BNSF Railway, Walt Disney Company, U.S. Air Force, General Motors, Intel, HP, IBM, Ford, Procter & Gamble and GE Research.
Speaking on behalf of the selection committee, Mehmet Gumus, 2024 INFORMS Prize committee chair, remarked: “JD.com is showcasing data science as a source of business success and a necessary element to achieve customer satisfaction with continuous and dedicated practice. JD.com is truly deserving of this prestigious prize, and the entire O.R. and analytics community joins INFORMS in thanking them for their priceless contributions to the field and the business world.”
JD.com’s commitment to enhancing operational efficiency and customer service through OR/MS has been integral to its success. The company has developed an independently managed intelligent supply chain system that utilizes cutting-edge operations research algorithms to optimize warehouse management and logistics operations. This includes the operation of hundreds of intelligent warehouses and dozens of “Asia No. 1” intelligent logistics parks.
“We are honored to accept the INFORMS Prize and will continue to be steadfast in our dedication to leveraging the transformative potential of operations research,” said Sandy Xu, CEO of JD.com. “Our company’s supply chain not only aims to lead the industry, but also enhance the efficiency and well-being of our entire ecosystem.”
By the end of the fourth quarter of 2023, JD’s supply chain infrastructure assets had grown to RMB 153.8 billion, an increase of 16% year-on-year. Managing over 10 million self-operated SKUs, JD has achieved a global leading average inventory turnover of 30.3 days. This operational prowess enables JD to fulfill 95% of retail orders within 24 hours, significantly enhancing customer satisfaction and setting new standards in the industry.
JD Auto Redefines Automotive Supply Chain at Automechanika Shanghai 2020
