Sep 26, 2021| ESG
JD’s Digital Contracting Platform Save Resources Tremendously
by Vivian Yang
JD Technology kicked off a new round of promotion of its digital contracting services on September 17th, aiming to bring the blockchain-based technology to more SMEs and support them to go paperless in business operation.
To date, JD’s digital contracting platform has assisted on managing over 4 billion contracts for more than 500,000 enterprise users. If a contract uses 10 pieces of A4 paper on average, the platform has accumulatively saved 40 billion pieces of paper so far, which equates to the save of 13 million trees and reducing more than 4 million tons of carbon dioxide emissions.
A number of China’s well-known enterprises such as Xiamen ITG Group Corp. adopted the platform recently, and estimates show that the service will help them save 80% time in the work of contract processing, and lower costs of contract signing by 60%.
Enabled by digital certificates and blockchain, the service makes sure that all parties in a transaction can share the same view of a live contract, and every step and revision of the contract is recorded, creating a tamper-proof audit trail. The blockchain system can also enable hashlock on confidential contracts to ensure the safety of the original document and data privacy.
As a one-stop solution, the platform offers contract templates, digital stamps, e-signing, archiving services and more. All data is strictly scrutinized before being connected to the platform, and will continue to go through rigid reviews in every step of data generation, transfer, storage and other actions to secure data authenticity. More importantly, the complete evidence chain is synchronized with courts, notary offices and other judicial bodies, ensuring contacts’ judicial validity and management efficiency.
Heavy technology aside, the platform is easy to use, as it supports multi-interfaces on computers, app, Wechat mini program and more, as well as simultaneous actions by different people.
New users of the platform will not only enjoy discounts and a service package for free, but also become a certified member of JD’s “zero-carbon enterprise” program.
Sep 23, 2021| JD Retail
A Bunch of Niche Fashion Brands Kick Off on JD.com
by Siyi Zhao
As youngsters account for more and more luxury consumption in China, JD.com has welcomed a series of niche fashion brands, including WOOYOUNGMI, both, Etudes, and Guidi to open their flagship stores on JD.com, catering to these youngsters who are passionately pursuing the finer things in life.
Released by Ruder Finn and Consumer Search Group, China Luxury Forecast 2021 shows that GenZers have already become the backbone force for luxury consumption. During JD’s 618 Grand Promotion in 2021, the number of GenZers that made purchases surged 231%.
Brands with strong individualism and distinctive styles are always the favorites among youngsters. Consequently, JD has launched online stores for those niche designer brands across the world in the last two years.
Founded in 2002, WOOYOUNGMI has maintained its uniqueness with unisex minimalism. There is a touch of architectural symbols in its ready-to-wear collections, the elegance of which has inspired obsession among youngsters.
The French brand “both”, is persistantly dedicated to exploring the use of rubber in fashion. The brand’s clothing comprises different elements of classic designs and emphasizes succinct and sharp lines, pushing the boundary of surreal industrialism.
The origin of Etudes is a publishing house for arts in France. After several collaborations with fashion brands, Etudes was born with the characteristics of contemporary visual arts and a French spirit.
Born in 1896, Guidi, the vanguard of goth, is renowned for its tanning skill and craftsmanship. The whole production process is entirely hand-made, with each pair of shoes going through over a hundred procedures for half a month.
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