Chinese Consumers Tagged JD for Three Keywords: “Trustworthy”, “High-End” and “Highly Efficient”

by Vivian Yang

JD.com is rated as the most trustworthy e-commerce brand, according to a survey of Chinese consumers conducted by iResearch consulting firm. The ranking was released on October 20th as part of iResearch’s online consumption insights report, which aims to assess brand image among Chinese e-commerce platforms and to better understand the subtle relationship between consumers and these platforms.

The report indicated that 56.56% of respondents tagged JD.com with the keyword of “trustworthy”, which is a much higher rating than other platforms. The other two highest rated keywords for JD.com by consumers are “high-end” and “highly efficient”. This feedback is in line with JD’s long-term commitment to product authenticity and quality, as well as fast delivery and premier after-sales services.

The survey also found that the most popular product categories during this year’s Single’s Day shopping festival will likely be general merchandise and apparel. To encourage consumers to buy things more thoughtfully during the shopping extravaganza, JD will further enhance its services in providing helpful and timely support in the whole shopping process, in order to meet customers’ diversified demands and live up to their trust.

 

(vivian.yang@jd.com)

Nielsen: JD is Consumers’ First Choice for 3C Products In Singles Day Promotion

by Robin Luo

Based on projections by the data analysis firm Nielsen, JD is expected to be the first choice of consumers buying 3C products (mostly computer, consumer electronics, and communication products) in this year’s Singles Day promotion.

As the annual shopping festival nears, consumers are starting to plan what they want to buy. 3C products are among their top choices. The Nielsen report reveals that although the 3C product market has taken a hit from the pandemic in 2020 H1, there are signs of a gradual recovery since the second quarter.

Home electrics won the favor of more consumers on JD, gaining a 28.9% year-on-year increase in market share.

Why is JD standing out in the crowded 3C products market? The reason is its firm and lasting commitment in promoting better, more innovative services to consumers, analysts said. Additionally, contributing factors to JD’s success in this area are the integration of an omnichannel retail ecosystem, acceleration of digital processes and pushing forward the sinking market strategy, which is a shift toward lower tier markets.  

The report also shows that consumers have now raised their standards for a pleasant buying experience. Besides the basic elements of brand and quality, they also focus on the service they get. To some extent, service has become a new core value of e-commerce.

In 2020, JD has remained in close cooperation with 3C makers, and built a service system that covers the entire sales process. The shopping experience of consumers has been greatly boosted with new features such as one-hour delivery, 30-day insurance, 30-day easy refund and more. These measures have helped JD remain a top choice of consumers in the 3C category, resulting in a leading share of the market.

(press@jd.com)

JD Super Boosts Development of Tea Industry

by Rachel Liu

JD Super, JD’s online supermarket, has formed a tea industry alliance with the local government of Anxi, Fujian province and leading tea brand Bamatea (八马茶业). Anxi is the origin place of Tieguanyin tea, one of the most popular teas in China. Through this partnership, JD will leverage its big data platform to provide digital support for the transformation of the local tea industry. The three sides will also work together to build higher standards and a better environment for the tea industry.

Bamatea will leverage JD’s omnichannel ability by working with JD Daojia, SEVENFRESH, Yihaodian to achieve one-hour delivery in first to fourth tier cities, providing on demand service for customers.

JD Super will provide Bamatea with digitalized solutions and insights on customer profiles and shopping habits, in order to help the firm improve its service and products. In the next five years, Bamatea and JD will also co-build smart warehouses in mid-China to serve thousands of the tea brand’s offline stores.

“Tea is a very important category for JD Super, and it’s an important part of Chinese traditional culture,” said Xiaojun Wang, head of packaged food at JD Super. “As the leading supermarket in China both online and offline, we want to work more closely with our partners to achieve better growth. I believe under the partnership with Bamatea and Anxi government, the sales of Tieguanyin tea on JD will see another round of growth, and we can bring more tasty and healthy tea to our customers.”

JD Super and Bamatea have been partners since 2012. As of 2019, annual sales of Bamatea on JD Super have increased by 60 times. As of September 2020, customers who have become Bamatea’s members on JD have reached 1.05 million. JD Super is one of the fastest growing channels for Bamatea.

 

(liuchang61@jd.com)

Dr. Jianguang Shen: China Is Experiencing a V-Shaped Consumption Recovery

by Vivian Yang

Dr. Jianguang Shen, Chief Economist at JD Digits, spoke at the opening session of the World Economic Forum’s Job Reset Summit on October 20th to share his thoughts on China’s economic recovery and consumption trends under the theme of the “New Economic Context”.

“The [economic] recovery in China has been stronger than expected,” said Dr. Shen during the online discussion. “There is a V-shaped recovery on the consumption. According to JD’s big data, luxury goods consumption, in particular, has achieved over 50% growth [in the recovery period].”

Watch the replay of the opening session here.

Watch the replay of the opening session here.

As the virus is contained and normal life resumes in China, people have satisfied pent-up travel demand by venturing out during the National Day Golden Week holiday( October 1st to 8th ), and have shown an upsurge of spending desire on consumer goods. Dr. Shen pointed out that higher-income people who can work remotely during the lockdown still have strong spending power, whereas it is the lower-income people who are the most vulnerable, and whose consumption demand has been suppressed.

From a more macro perspective, Dr. Shen said that there are positive signs of China’s economic recovery, evidenced by a 9.9% export growth in September. Consumer electronics and home appliances are among the main categories China exports to the world, as people from many countries are needing these products to work from home during this period. At the same time, production in China has been very strong with a growth rate of almost 7% in September, which is even stronger than the same period last year. Consumption has picked up as well, but is still not as robust as production. But the excessive supplies from domestic production are well absorbed by the rest of the world.

In an exchange about how COVID-19 can promote the development of a green economy and ESG (environment, social and governance) efforts, Dr. Shen expressed confidence that the digital economy will help to drive carbon neutrality in China.

“Internet-based economy and digitalization will become a key driver of China’s growth in the next decade, or even a few decades,” Dr. Shen said. For example, mobile payment will spare the use of credit card materials and a lot of paper, and internet-based telemedicine services will enable more innovative healthcare solutions. “China is leading the utilization of big data and AI technologies, [which will drive the country] to be more efficient in reducing pollution and achieving sustainable growth,” he added.

The Job Reset Summit is a virtual event held by the World Economic Forum from October 20-24. The event has convened visionary leaders from business, international organizations, government, civil society, media and the broader public to shape a new agenda for growth, jobs, skills and equity.

Dr. Shen was joined in a panel consisting of Janet Henry, Global Chief Economist of HSBC Holdings plc; Catherine L. Mann, Managing Director and Global Chief Economist at Citi; Eric Parrado, Chief Economist and General Manager, Research Department at The Inter-American Development Bank; and Guy Johnson, a presenter from Bloomberg LP.

Dr. Shen was joined in a panel consisting of Janet Henry, Global Chief Economist of HSBC Holdings plc; Catherine L. Mann,

Watch the replay of the opening session here.

 

(vivian.yang@jd.com)

JD Super Accounts for Over 50% of Online Market Share in Multiple FMCG Categories

by Rachel Liu

Leading data analysis firm Nielsen released the FMCG Industry Trend Report of January to August 2020 today,October 20st. Data shows that JD Super, JD’s online supermarket, accounts for over 50% of online market share in multiple categories such as infant formula & diapers, cooking oil, packaged rice, bottled water, wine, sports beverages, vodka, beer, brandy and whisky.

Chinese parents have increasingly high demand for maternal and baby products. JD Super’s vast product choices, commitment to authenticity and comprehensive after-sales service making it the first choice for many Chinese parents to shop with peace of mind. Products that customers traditionally buy online, such as cooking oil, rice and flour, also saw a transfer to online with the impact of COVID-19, and JD Super has become the main shopping platform since the outbreak due to JD’s ability to continuously ensure supply.

JD Super also works closely with many leading brands in the industry. For example, it signed a partnership with popular oil brand Fulinmen (福临门) in September to help the brand sell RMB 15 billion yuan of products in the next three years.

More Chinese consumers choose JD to order heavy products such as beverages and water thanks to the competitive prices and JD’s delivery service directly to their doorsteps. High-end and imported liquors are also getting more popular among young and affluent customers. With JD’s Omnichannel Fulfillment program, customers in some cities in China are now able to receive wine and other beverages in two hours on average, and sometimes in as fast as 30 minutes.

 

(liuchang61@jd.com)

Forrester Ranks JD Cloud & AI No.1 in Strategy Layout, Infrastructure Management and More

by Ling Cao

JD Cloud & AI is one of the most significant public cloud development and infrastructure platform providers in China, according to a new report released October 19th by the reputable American market research company Forrester.

The report, titled Public Cloud Development And Infrastructure Platforms In China, Q4 2020, used 33 criteria to rank JD Cloud & AI first in the areas of strategy layout, product capability covering AI and machine learning, infrastructure management and operation, as well as market performance.

The report also determined that JD Cloud & AI is among the few providers who have made progress in both strategy and product perspective.

“Smart supply chain is the differentiator for JD Cloud & AI,” an industry expert said of the report. “The Forrester evaluation provides strong support for enterprises to purchase JD’s cloud based products and technology services.”

According to the report, JD’s smart customer service, technology and smart supply chain received high satisfaction marks among clients.

Dr. Bowen Zhou, Chair of JD Technology Committee said, “JD’s years of accumulated technology and industry experience in the areas of retail, logistics and supply chain has made it one of the few companies with the ability to provide Internet infrastructure.”

JD Cloud & AI has helped 100,000 clients go digital in the last year, including state-owned enterprises, media, education, medical, finance, e-commerce and gaming. More than just reducing costs, JD has observed that these partners have also made their businesses more agile as a result of the cooperation.

 

(ling.cao@jd.com)

Ping An Bank and JD Digits Jointly Launch Credit Card

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

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)