Jul 15, 2022|
JDT Rolls Out Plans to Better Benefit Partners
by Doris Liu
“We will always hold an open and win-win attitude with the pursuit of long-term value, and work with each partner to ‘co-exist in the real economy and restart growth,’” said Peinuan Wang, Vice President of JD.com, at the first JD Technology (JDT) Partner Conference on July 12 in Beijing.
Traditional industries are confronted with issues of digital transformation and upgrading, which are key to the development of the real economy. To keep this in mind, JDT opens up the technical capabilities with 200 solutions to 12 vertical industries of retail, logistics, Internet, health, and agriculture, among others, satisfying the business partners’ different digital needs.
In order to be complementary in value for partners, the most crucial supply chain capabilities and ecosystem will be open, including a digitally intelligent supply chain open platform, open PaaS ecosystem Yun Zhu (云筑, meaning Cloud Building) plan 2.0 and four scenario platforms: industrial Internet platform, collaborative office platform, urban industrial service platform, and consumption promotion platform.
JDT shares the same philosophy on hybrid cloud and AI strategy with IBM, said Xuemei Pan, Technical General Manager of the technology department, IBM China. JD Cloud’s cloud platforms and technical R&D strength, combined with IBM’s overseas public cloud, enterprise storage services, intelligent operation and maintenance, iPaaS, SaaS, as well as IBM’s practices in serving global enterprises, will become a firm support to the digital transformation of Chinese enterprises, Pan added.
To further assist the development of business partners, the JDT PLUS Partner Select Program was released at the conference to provide an array of benefits to the member partners which are closely working with JDT.
JDT has established a unified ecosystem to divide partners into categories of market development, products and solutions, service delivery and distribution channels. Based on the partners’ business capability, scale and future cooperation mode and field, JDT will put them into different groups and provide corresponding rights and interests.
Here are some highlights of the JDT PLUS Partner Select Program:
1. JDT PLUS partners are given priority to participate in major business opportunities and projects, and can receive special support from JDT in products, solutions, sales and marketing, as well as the priority to join in JD’s essential marketing activities including co-branding.
2. JDT PLUS partners can enjoy all-round access and openness of JD’s resources and capabilities. JDT will open the most core supply chain capabilities, and connect partners with business resources such as JD Mall, JD Logistics and JD Health according to their needs.
3. JDT will prioritize JDT PLUS partners to jointly create products and develop niche markets.
Furthermore, a “10-billion Revenue Plan” was also announced on July 12, aiming to help partners earn more than RMB 10 billion yuan within two years through JDT’s sharing of technical capacities and business opportunities, with joint development of products and solutions, capital investment and so on.
After around 5 years of in-depth cooperation in urban digital economy, JDT’s business has been implemented in practice in over 80 cities with operation of over 70 industrial parks gathering some 5,000 companies.
To expand the market, JDT launched a “Doubling 100 Cities Initiative”, planning to bring in partners based on the existing in-depth cooperation with 100 cities, and together extend business in another 100 cities in the following three years.
The size of the digital economy is expected to exceed 60 trillion yuan by 2025, according to the China Academy of Information and Communications Technology (CAICT). In the digital growth space, business partners of JDT will be more focused on scenario innovation, effects and benefits of integration of technology and the real economy. Thus, with the long-term focus in JD’s DNA, JDT will step forward hand in hand with partners to boost professions and industries with digital intelligence and achieve sustainable value creation.
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.
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