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BUSINESS HIGHLIGHTS
JD joins Int’l Consumer Products Expo in Hainan
JD participated in the first major event held in Hainan since the Hainan Free Trade Port was announced, the inaugural China International Consumer Products Expo from May 7-10. JD cooperated with top international brands to host an exhibition booth highlighting JD Retail Cloud, C2M products and more, as well as a range of events and initiatives. In recent months JD has opened two duty-free stores in Hainan, and plans to open a self-operated shopping mall in the region in coming years.
Technology
Speaking of JD’s restructuring in which JD Digits was merged with JD’s Cloud and Artificial businesses, Chairman of JD’s Technology Committee Bowen Zhou said recently that JD will remain absolutely committed to its focus on technology. “On both strategic and tactical levels, we will continue to invest in the R&D, productization and commercialization of technologies.” Since 2017, the company has invested more than RMB 60 billion yuan in technological research and development.
One area in which JD is forging forward is in JD Cloud’s financial Cloud platform, which took 10.3% market share in the second half of last year, according to a report released by global market intelligence firm IDC on May 12. JD Cloud has serviced 780 financial institutes, including banks, insurance, trust and securities companies.
Logistics
JD has begun operating two highly automated warehouses in Poland and Germany to serve local clients. Both warehouses started trial operations in March, and are ideally situated to cover most of Europe, providing convenient and rapid fulfillment for clients. The warehouses will utilize JD’s cutting-edge AGV (automated ground vehicle system), a transformative technology that is 2.5 times more efficient than the manual picking used in traditional warehouses.
Retail
During an online event series titled “Retail Connected,” hosted by World Retail Congress in lieu of its annual offline retail conference, JD Retail’s Head of Strategy Development Chenkai Ling spoke about JD’s ongoing focus on omni-channel, how the pandemic has permanently altered retail, how fragmentation of the retail space is a positive development, whether delivery speeds in China can be shortened even further in the future, and more.
Health
JD Health will cooperate with PKU Healthcare Tairan, a Chinese company committed to treatment in the field of urology, in order to provide systematic, convenient and private male disease diagnosis and treatment services, and cooperate with offline hospitals across the country. Approximately 361 million men in China suffer from various male-specific diseases, according to WHO.
Additionally, JD launched its first health insurance product, “Family Doctor Insurance” on May 8. The insurance will integrate health management services into traditional medical insurance, covering everything from claim settlement to disease prevention.
International Business
H.E. Amb. Irit Ben-Abba, Ambassador of the State of Israel to China, visited JD headquarters on Apr. 28, to discuss potential collaborations between JD.com and Israel in the areas of technology innovation, supply chain and logistics, cross-border trade, sustainability and more.
Have a bit more time? Check out some of these reads:
JDT’s Chief Economist’s Analysis of China Census: After the release of China’s once-in-a-decade census, Dr. Jianguang Shen, chief economist of JD Technology, wrote about the bright spots and challenges reflected in the population’s structural changes:
https://jdcorporateblog.com/jdt-chief-economist-outlines-highlights-and-challenges-on-chinas-census-2020/
Gen Z Consumption Trends on JD: Gen-Z purchased a disproportionate amount of domestic products, signaling a loyalty to local brands, according to JD’s new Gen Z consumption trends report. Read more about the group that had the highest growth rate in online shopping turnover in 2020: https://jdcorporateblog.com/jd-unveils-gen-z-consumption-trends/
JD Brings E-commerce to Tibet
JD is expanding into Tibet, where residents have struggled to both sell and receive products in the past due to an average altitude of 4,000 meters and complex terrain. By helping Tibet develop its e-commerce ties, JD hopes to improve the living condition of local people, bring more high-quality Tibetan products to customers, increase the income of local farmers and more. Read more about how JD’s expansion: https://jdcorporateblog.com/in-depth-report-jd-com-brings-e-commerce-to-tibet/
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Continue reading “JD News Roundup 2021 – Vol. 8 (Apr. 24-May 14)”