Ping An Bank and JD Digits Jointly Launch Credit Card

Posted on by Yuchuan Wang

by Yuchuan Wang

Ping An Bank, a Chinese joint-stock commercial bank and JD Digits, a leading digital technology provider backed by JD.com, jointly announced the launch of the “Ping An-JD IOU credit card” on October 20th. Additionally, the two parties will collaborate in retail, business finance, wealth management, financial market, smart marketing, intelligent risk control and digital finance in the future.

Launched by JD Digits in 2014, JD IOU (also known as JD Baitiao) is China’s first internet credit product that enables consumers to buy now and pay later on JD.com. With just one click, JD’s powerful AI and big data system can analyze a user’s line of credit and grant the IOU amount.

With the launch of the joint credit card, users for the first time can use JD IOU credits beyond JD’s scenarios online or offline, and meet customers’ various demands in eating, hotel booking, travel, shopping, entertainment and more.

“The Ping An-JD IOU card is an exploration between the two companies,” said Ruzhong Yu, president of Ping An credit card center. “By upgrading from the existing JD IOU consumption account to a credit card account, users will be able to enjoy more benefits brought by the card.” JD IOU users can confirm the upgrade with one click, and the approval process can be verified in as soon as 12 seconds, according to JD Digits.

“The credit card integrates Ping An and JD Digits’ capabilities in scenario and product design, customer service and digital technology,” said Ling Xu, vice president of JD Digits. “It’s an innovative credit consumption product that is suited to users’ preferences during a period of digitalization.”

 

(yuchuan.wang@jd.com)

JD Health CEO Appointed as Special Advisor of Global TCM Committee

Posted on by Hui Zhang

by Hui Zhang

JD Health’s CEO Lijun Xin will serve as special advisor to the Global T/CM Health Knowledge Alliance Advisory Committee, with an aim to support innovation and awareness of traditional Chinese medicine.

“Working with the Global T/CM Health Knowledge Alliance will provide a good opportunity for integrating TCM with the whole health industry, as well as boosting the industrialization,  informatization and globalization of TCM,” Xin said.

JD Health’s CEO Lijun Xin will serve as special advisor to the Global T/CM Health Knowledge Alliance Advisory Committee

The agreement, which was announced October 16th, is a recognition of JD Health’s advancements in the field of “Internet + TCM”, and its commitment to exploring the field of traditional Chinese medicine.

JD Health launched a TCM center led by a team of TCM veterans to provide professional online consultations, breaking down the barriers that have made it difficult for people to see top-level TCM doctors in China.

Among the almost 100 renowned doctors at JD Health’s TCM center are Dr. Xuemin Shi, one of China’s most well-known acupuncture masters, and an academician of the Chinese Academy of Engineering and TCM master Dr. Diangui Li.

Based on the doctors’ areas of expertise, JD Health has established a number of TCM sub-centers for specialties including renal, respiratory, men’s, oncology, endocrine and gynecology, which can provide patients with integrated online and offline services covering the whole course of illness before, during and after the consultation.

As a member of the China-Central and Eastern European Network of Think Tanks, the Global T/CM Health Knowledge Alliance is a new international alliance focusing on Chinese medicine under the guidance of the Beijing Administration of Traditional Chinese Medicine. Since its establishment, the Global T/CM and Health Knowledge Alliance has aimed to connect the entire industrial chain of health; and promote cross-border, cross-disciplinary cooperation to facilitate the transformation of healthcare and the health industry including Traditional Chinese Medicine.

The Advisory Committee is composed of representatives of international organizations, heads of state and dignitaries, Chinese government officials, representatives of domestic and foreign industry associations, scholars, famous enterprises and their leaders.

 

(zhanghui36@jd.com)

JD Holds Super Brand Day Procurement Offer Ahead of Singles Day Shopping Festival

Posted on by Ling Cao

by Robin Luo

The Singles Day (November 11th) Grand Promotion is around the corner. According to data from JD MRO (Maintenance, Repair, and Operations) Super Brand Day that has just concluded, overall procurement volume of industrial products grew 213% year-on-year. MRO products, transportation and storage products, maintenance and protective materials have demonstrated particularly strong growth.

Products closely related to manufacturing come on top, and account for more than half of the total volume. Chinese domestic brands have taken up 50% of Super Brand Day top sales list.

Logistics companies are busy preparing for the upcoming shopping festival. Their purchase amount ranks third among all industries. As a result, sales of transportation and storage products have seen a growth of 370% year-on-year.

Personal protective products are the biggest winners in both purchase volume and amount. Masks, protective clothing and disinfectant are in highest demand.

Analysts said of all the figures, the sharp surge in transportation and storage material is most eye-catching. It shows that the Chinese economy and consumption potential not only have recovered strongly, but also will remain robust in the long run.

 

(press@jd.com)

Dyson Joins JD Worldwide Ahead of Singles’ Day Grand Promotion

Posted on by Rachel Liu

by Rachel Liu

Dyson, World leading technology brand known for vacuum cleaners, hair dryers and more,  officially joined JD Worldwide on October 19th. Hua Wang, general manager of sales, Dyson China and Simon Han, Vice President of JD.com attended the signing ceremony.

Dyson has consistently been widely welcomed by consumers on JD. During the past June 18 Grand Promotion (618), sales of vacuum cleaners, fans, hair dryers and hair styling tools soared on JD. Sales of high-end Dyson vacuum cleaners increased over 210% YOY. Through the cooperation, Dyson hopes develop more customized and personalized products for the Chinese market and take a targeted approach to reaching more consumers.

The upcoming Singles Day will see the two parties cooperate on several activities. On October 21st, Dyson will start its pre-sales on JD and provide exclusive benefits for JD customers. On October 28th, JD Worldwide will hold a livestream show for Dyson and invite customers to experience Dyson’s high-tech products. JD Worldwide will also provide traffic and customer service support for Dyson.

During the opening conference for the upcoming Singles Day Grand Promotion held on October 18th, Simon Han announced that JD will launch over 500,000 imported products from over 100 countries during the promotion. As the platform for imported products, JD Worldwide has been introducing high-quality international brands and products to Chinese consumers and become the first step for international brands to enter Chinese market. During the past 618, products from over 30% of imported countries saw over 100% YOY increase on JD Worldwide, making it the fastest growing platform for international brands.

 

(liuchang61@jd.com)

Young Merchant Weathers COVID-19 Crisis with the Help of JD

Posted on by Martin Li

by Martin Li

In late January, as Hubei province faced widespread lockdowns due to COVID-19, a 34-year-old merchant named Xiang Chao saw a massive drop in sales on his JD store.

Xiang, who is a former swineherd, sells regional specialties including cured meat produced in Laifeng County of Enshi City in Hubei province. After joining JD’s ecommerce platform, it took only two years for Xiang to grow the store from annual sales of RMB 100,000 yuan to 15 million yuan.

However, Xiang’s streak of success came to a sudden halt when the pandemic accelerated.

“I thought the first half of this year was hopeless,” Xiang said. The first two months of this year saw almost zero orders in his store.

At the end of March, Xiang received call from JD’s Song Xuehui, who supports operation of specialty stores including Xiang’s. Song recommended Xiang take part in a promotion campaign to support merchants and brands in Hubei, and he agreed.

Xiang’s products were given high exposure during the campaign, which lasted more than one month and ultimately brought sales of 1.4 million yuan to his store. Many buyers posted encouraging messages to Xiang online.

“I saw he was relieved from worries and gained more confidence after the campaign,” said Song.

Xiang continues to embrace e-commerce solutions to boost business. He livestreams on JD for six hours every day, and aims to sell two million yuan of products during the upcoming Singles Day(November 11th ) shopping festival on JD.

He spends between 2-3% of sales on advertising on JD, which he said can generate higher sales than other platforms. At the suggestion of the JD team, Xiang always combines advertising with discount campaigns on JD.

As a result of this support from JD, his store’s sales exceeded RMB 10 million yuan on JD in the first nine months of the year, despite next to no sales in the first few months—and are expected to reach RMB 15 million yuan by the end of the year.

 

(bjlihao3@jd.com)

 

 

JD Adds Two Asia No.1 Fulfillment Centers Ahead of Singles Day Promotion

Posted on by Yuchuan Wang

by Yuchuan Wang

This Singles Day (November 11th), JD has newly added two Asia No.1 fulfillment centers in Changchun, the provincial capital of Jilin province and Hohhot, the capital of Inner Mongolia. JD is operating 30 Asia No.1 fulfillment centers which are considered to be Asia’s largest intelligent warehouse clusters.

JD will also launch a highly automated sorting center in the Asia No.1 in Zhengzhou, Henan province, during this year’s Singles Day promotion period. A new robot system for picking up goods will be put into use in its Beijing Asia No.1 fulfillment center.

In addition to the continuous investment in warehousing, JD will provide even faster delivery service to nationwide consumers during the upcoming grand promotion. For pre-sale products, once consumers have put the down payment, JD will transfer stock to the nearest delivery stations so that a minute-level delivery can be realized as soon as the consumer has completed the full payment. Consumers in nearly 200 cities in 32 provinces, municipalities and autonomous regions will be able to experience the new “deliver in minutes” service for categories including beauty, small home appliances and electronics.

JD Logistics previously announced several measures to support merchants in preparation for the upcoming sales season. To ensure smooth and highly efficient fulfillment operations during the event, JD Logistics is geared up to perfect each stage of its end-to-end supply chain process, to provide integrated logistics solutions to its merchants and unparalleled delivery services to customers.

 

(yuchuan.wang@jd.com)

JD Inks Cooperation With Ansteel To Digitalize Steel Manufacturing

Posted on by Ling Cao

by Robin Luo

JD has inked an agreement with Ansteel, one of the largest steel makers in China, to help the steel manufacturer accelerate its digitizalization process.

JD Business, JD’s enterprise procurement business, will work with Commodity Exchange of Ansteel, a procurement supply chain service platform. The two sides will focus on upgrading Ansteel’s procurement management system, and cooperate in supply chain, logistics, industrial products, and market expansion.

“JD and Ansteel will seek deeper cooperation in the future,” said Chen Yu, key account manager of JD’s enterprise business unit.

The two companies aim to set up a model for empowering the iron and steel industry with industrial internet and jointly build a benchmark for digital cooperation between e-commerce and traditional manufacturing enterprises, according to Chen.

JD Business is the only e-commerce platform in China that provides technical service for entire procurement process. With JD’s help, it is estimated that Ansteel’s procurement efficiency will increase by more than 45%, and overall procurement costs will be lowered by more than 18%.

 

(press@jd.com)

JD Digits: A Seven-year Unicorn Enables Industrial Digitalization

Posted on by Ling Cao

by Ling Cao

JD Digits (JDD), a leading digital technology company that has its roots in JD.com, celebrated its 7th birthday on October 18th. Over the course of these years, the company has cooperated with various industries on digital solutions, positioning itself as a digital technology provider. Now, its valuation has reached more than RMB 200 billion yuan.

According to its IPO prospectus, as of the end of June, JDD has recommended over 2 million deposit clients to financial institutions, over 22 million individual and micro and small enterprise loan clients, and has helped issue nearly 10 million credit cards . Additionally, it has recommended tens of millions of clients for financial institutions and insurance companies for purchasing financial products and insurance.

JDD’s digital technology has expanded to intelligent cities, as well as marketing. According to the prospectus, as of the end of June, JDD’s intelligent city operating system has serviced over 40 public service institutions; and its smart offline marketing solutions have covered over 300 cities across China, reaching over 600 million impressions. For example, in September, JDD helped Nantong, Jiangshu province, build China’s first governance command center, which enables digital city management, featuring precise transportation forecasts, intelligent monitoring for hazardous chemicals, environmental conditions monitoring and more, in addition to providing visual reports to manage the city.

During the epidemic, JDD has leveraged its digital technology to help farmers overcome difficulties. Guanghui Wang, a vegetable grower in the countryside outside Beijing, used JDD’s online platform for marketing efforts, enabling him to boost sales. As a result of JD’s support, the annual output of vegetables is upward of 50 tons, and his monthly online revenue is now reaching over RMB 20,000 yuan.

Official government data shows that industrial digitalization accounts for 80.2% of the digital economy, which is quickly becoming the main driving force for digital economic development.

“Industrial digitalization needs deep integration of know-how between digital technology and industries,” said Shengqiang Chen, CEO of JD Digits. “This shared future will enable a larger impact.”

 

(ling.cao@jd.com)