JD Partners With CCB (Asia), Mastercard To Issue Credit Card In HK

by Martin Li

JD today announced that it will be partnering with China Construction Bank (Asia) Corporation Limited [“CCB (Asia)”] and Mastercard to issue a CCB (Asia) JD Mastercard Credit Card in Hong Kong, in an effort to provide local consumers with a better online shopping experience.

Cardholders will be entitled to a 4% unlimited cash rebate for purchase on e-commerce platforms including JD’s e-commerce platform in Hong Kong hk.jd.com. A 0.5% unlimited cash rebate will be available for other local and overseas transactions.

(From left to right) Helena Chen, Managing Director, Hong Kong and Macau, Mastercard; Miranda Kwok, President and Executive Director, CCB (Asia); and Tonny Tong, Commercial Director - Hong Kong, JD.com.

(From left to right) Helena Chen, Managing Director, Hong Kong and Macau, Mastercard; Miranda Kwok, President and Executive Director, CCB (Asia); and Tonny Tong, Commercial Director – Hong Kong, JD.com.

JD will also offer a diversity of benefits every month to consumers using the card, including an early bird coupon from October 1st to November 30th , a monthly exclusive coupon worth RMB 99 yuan from December 1st  to 31st , a lucky draw instant discount from October 1st  to December 31st , and a JD VIP Day exclusive privilege from November 6th  to December 31st .

“The Hong Kong credit card market is always in a keen competition,” said Miranda Kwok, President and Executive Director, CCB (Asia). “Exploring new spending scenarios and expanding acquisition channels have been the key focus of our credit card business development. We are glad to have the opportunity to launch the new co-branded credit card with JD, not only providing very attractive online shopping offers to customers, but also introducing a new dose of excitement to the market. Furthermore, we hope to vigorously promote and support Hong Kong’s economic recovery during the COVID-19 pandemic. We are now planning a big promotion during the 11/11 event in November, so please stay tuned and enjoy.”

JD will continue to bring more exclusive offers and benefits to customers, providing consumers all over the world with cost-effective products and excellent service, according to Chris Choi, head of Global Sales, JD.com.

“JD Global Sales, an essential part of JD International Business, is committed to providing global consumers with a high-quality, cross-border shopping experience,” Choi said. “The launch of the credit card, issued by CCB (Asia) and powered by Mastercard, is the start of a new and exciting journey for JD in our endeavor to build our presence in the Hong Kong market. The cross-border integration of e-commerce platforms and financial services continues to build a rich consumption landscape forconsumers.”

Helena Chen, Managing Director, Hong Kong and Macau, Mastercard, said, “With this new collaboration with JD and CCB (Asia), Mastercard is further demonstrating its commitment to driving e-commerce and addressing all Hongkongers’ daily needs through digital payment. Amid these trying times caused by the spread of COVID-19, Mastercard is maximizing all available options when it comes to digital commerce while focusing on safety and security, providing a fast, frictionless payment experience that is protected at every step.”

 

(bjlihao@jd.com)

 

 

Yihaodian Buyers: What happened Before products reach customers

by Rachel Liu

JD upgraded the B2C e-commerce platform Yihaodian (No.1 Store) to be the first online membership-only retail platform in China last month, providing a premium shopping experience for middle-class customers with higher income.

One way to ensure a top-shelf shopping experience is through the store’s team of professional buyers, with an understanding that product quality is the foundation of any shopping experience. Yihaodian’s buyers all have years of experience in the industry, and aren’t afraid to personally visit manufacturers to test products and inspect processes to ensure the highest quality.

Weihao Zhang is a fresh food buyer who is responsible for meat, eggs and seafood sold on Yihaodian. With seven years of experience, he is able to select high-quality products by looking at their appearance. For example, he can judge how fresh an egg is by looking at the color.

Earlier this month, Zhang worked with his team to form a partnership with DQY, the leading egg producer in China, to provide customized, high-end eggs to Yihaodian customers. Before choosing DQY as the partner, Zhang visited hundreds of henneries to inspect the quality of eggs. During this process he also lived in various henneries for months to ensure that every process of the production was of a high standard.

“Eggs are a daily necessity for all of our customers, and are also the product that sees the highest amount of sales on Yihaodian,” Zhang said. “This is why we chose eggs to be the first customized product. Our customers are mostly middle and high-end customers. As a buyer, we don’t just provide them with high-quality products, but also a unique and customized experience.”

Huihui Wang, one of Yihaodian’s cleansing product buyers, is a veteran with over six years of experience. To select the most suitable washing liquid for Yihaodian customers, she once tried over 30 kinds of washing liquids in just one week, which made her family members think that she had become a neat freak.

“Most of the laundry products on the market contain surfactants extracted from petroleum, which is harmful to both the clothes and the environment,” Wang said. “On Yihaodian, we hope to provide customers with environmental-friendly and organic products. Through comparison and personal try-outs, we finally selected several washing liquids with plant-based surfactants, which is good for the clothes and the environment.”

Shuangshuang Zhang is a buyer responsible for personal care and beauty products. Sometimes her hands-on approach trying products at home has gotten her in trouble with her husband, she said with a laugh.

For example, anti-hair loss shampoos have become very popular in China, because people with stress and work-pressure related hair loss have increased. Although Zhang doesn’t struggle with hair loss, her husband does.

“As Yihaodian buyers, we need to personally try all the products before launching, so when I was working on finding the best anti-hair loss shampoo, I made my husband try many different products,” Zhang said. ‘He was quite supportive at the beginning, but after a while, he started to get impatient and said I had OCD. But luckily, I picked the most suitable product in the end, and my husband also showed understanding to my work.”

Zhang and other conscientious buyers are behind Yihaodian’s premium shopping experience, all working to provide trustworthy, high-end products for members.

“We are getting more and more picky about products. Maybe to be a good buyer, we all do need to have some level of ‘OCD’,“ Wang said with a smile on her face.

 

(liuchang61@jd.com)

JD Begins Selling Two Breakthrough Cancer Drugs

by Hui Zhang

JD Health collaborated with global pharmaceutical giant AstraZeneca to bring two breakthrough cancer drugs, Gefitinib (trade name: Iressa) and Osimertinib (trade name: Tagrisso), to JD Pharmacy, the company’s first-party pharmaceutical business store, making it easier for cancer patients to access the drugs online.

Both drugs are widely regarded as among the most effective ones for cancer treatment.
Osimertinib, which is a medication used to treat non-small-cell lung carcinomas with specific mutations, was found to reduce the risk of disease progression following surgery by up to 80%. Gefitinib is a novel targeted therapy that inhibits the tyrosine kinase activity of the epidermal growth factor receptor by competitively blocking the ATP binding site, with highly successful results.

Based on a closed loop of “doctors + drugs”, JD Health’s professional online medical consultation services and convenient drug purchase services have gained trust from more and more consumers across China. By joining hands with AstraZeneca, JD Health will promote the accessibility of Gefitinib, Osimertinib and other cancer drugs through fully integrating online-offline sources to make it convenient for patients to access medication.

“JD Health and AstraZeneca will actively collaborate to explore chronic lung cancer management through these two drugs, Gefitinib and Osimertinib,” said Enlin Jin, general manager of JD Pharmacy. “Additionally, both sides will work with industry associations, medical institutions and other partners in the field to jointly promote the construction of an integrated lung cancer treatment center in the future.”

As the most common malignant tumor in the world, lung cancer ranks first in cancer incidence and mortality, with the number of lung cancer cases in China reaching 784,000 in 2015, and the number of deaths due to lung cancer rising to 631,000, based on the report released by The National Cancer Center of China in 2019. In China, non-small cell lung cancer accounts for 80%~85% of all lung cancers, which is the most common type of lung cancer. The emergence and application of targeted drugs have enabled an increasing number of lung cancer patients to live beyond five years.

 

(zhanghui36@jd.com)

JD Uses Technology to Reinvigorate Mahogany Furniture Market

by Vivian Yang

JD has launched an industry alliance to solve pain points in China’s mahogany furniture industry. Announced on September 24th, the alliance involves a range of stakeholders, including leading furniture manufacturers, industry organizations such as the China Mahogany Committee, regulatory bodies such as the National Center for Quality Supervision and Inspective of Furniture and Indoor Environment, and industry media.

The JD Mahogany Alliance integrates the use of X-ray and block chain technologies in furniture production, quality inspection, sales and shipment, greatly reducing customers’ doubts about the origin and quality of furniture products.

Mahogany furniture often symbolizes high status and wealth in Chinese culture. However, in recent years, Chinese consumer’s enthusiasm toward it has been declining. An industry report shows that production value in 2019 was RMB 60 billion yuan as opposed to RMB 180 billion yuan in its heyday about a decade ago. The main reasons behind the fall are people’s worries about solid wood sources, quality, and difficulties in repairing and maintenance.

At the same time, brand members of the alliance have jointly made a commitment to enhance their after-sales services such as service response within 24 hours, annual free-of-charge maintenance service for the first three years after the furniture is sold, and more.

Brand members at the launching ceremony of JD Mahogany Furniture Alliance

Brand members at the launching ceremony of JD Mahogany Furniture Alliance

In addition to brand endorsement and value-added services, JD will also support alliance members in the areas of open data, precise customer acquisition, optimized operation solutions, and brand building.

Ms. Jing Zhao, general manager of the furniture department of JD Retail said that “online retailing is a ‘blue ocean’ for the mahogany industry. The alliance provides us an opportunity to integrate the resources of this traditional industry, empower it with technology, and invigorate its growth.”

Mr. Liyu Wang, general secretary of the China Mahogany Alliance said at the launching ceremony that “JD Mahogany Alliance will help manufacturers to leverage resources online and offline, better conform to market trends, expand their business and meet more customers’ demands.”

 

(vivian.yang@jd.com)

 

This is what Chinese Consumers Use JD Mini Storage For

by Ella Kidron

Timed with World Alzheimer’s Day last week, JD Logistics released a long-term storage option for its Mini Storage service. Alzheimer’s patients and their families can store items for free for one year for a limited time through the service. Separately, JD took a look at what its data indicates about what people across several main Chinese cities are opting to store.

Over 36% of Beijing consumers using JD’s Mini Storage have stored boxes of books. One Ph.D. graduate stored all books from his college to doctorate education with JD. For consumers in Shanghai and Zhengzhou, however, it’s about children’s items and toys. Twenty eight percent of Shanghai users and 41% of Zhengzhou users choose to temporarily store items from their kids’ childhoods through the service, perhaps in order to eventually be able to pass them on to their next child or to their children’s children. JD Mini Storage’s ability to help free up space in their small apartments is not lost on big city users. Data indicates that 39% of Hangzhou users, 38% of Guangzhou users and 33% of Chongqing users temporarily store clothes and luggage with Jingxiaocang. With the epidemic largely behind them, residents of Wuhan are opting to renovate their homes. Wuhan users account for 28% of all users storing furniture. While Chengdu, which also stores a lot of furniture, accounts for 23%. Users in Shenzhen appear to be athletic, with 40% storing sports equipment, while 25% of Xi’an users store antiques and other personal collections.

Launched in 2019, JD Mini Storage enables individuals and small enterprises to store their goods in JD’s warehouses securely and cost-effectively. The service has now been expanded to over 10 cities including Beijing, Shanghai and Guangzhou. Alzheimer’s patients and their relatives can indicate as such on the order form and then customer service will contact them to arrange free pickup.

 

(ella@jd.com)

JDD IPO Prospectus: Funds to Mainly Go Toward Technology Upgrades

By Martin Li

JD Digits (JDD) plans to use the funds it aims to raise in its upcoming IPO on the Science and Technology Innovation Board of the Shanghai Stock Exchange (STAR Market) to upgrade technologies.

Totaling 20.4 billion yuan (US$3 billion), the funds will be used to upgrade digital solutions for financial institutes, merchants, enterprises and emerging industries, build an open technology platform, expand a digital technology center, as well as supplement working capital, according to the prospectus.

More than 70% of the funds will be used for projects related to an upgrade of technology and digital services.

JDD is committed to developing services integrating technology, industry know-how and ecosystem building capabilities, to answer increasing demand for digitalization in the financial industry. The company calls the service model TIE, referring to technology, industry and eco-system.

“Digital transformation is at the core of future business models for financial institutions,” said Chen Shengqiang, CEO of JDD, at a forum in Shanghai in August. “It’s the foundation of strategy and business. The transformation requires digitalization of basic technology, applied technology, business and scenarios.”

“Digitalization can bring the financial industry and other industries closer, providing new growth scenarios for the financial industry and giving industries better access to financial services,” Chen said.

Currently JDD provides digital solutions to financial bodies, businesses and the government. In the first half of this year, the company registered a revenue of RMB 10.327 billion yuan, of which 41.48% came from financial bodies, 52.37% came from businesses and 5.57% from the government. The compound annual growth rate of business from financial bodies, and government businesses and other clients, exceeded 100% and 239% respectively.

 

(bjlihao3@jd.com)

 

 

JD Launches Livestream Base in Xi’an

by Ling Cao

JD has launched a livestream base in Xi’an, focused on helping traditional enterprises and local merchants go digital. The announcement was made on September 25th, concurrently with the news of the formation of the short-video e-commerce livestream committee of the Shaanxi E-commerce Industry Association.

The function of this base is to create a concentrated hub of livestream resources, including enterprise resources, livestream talent and more. JD has also kicked off a livestream contest which will last from September 25th to October 30th. Ahead of the contest, JD will invite livestream coaches to train 100 shortlisted contestants.

Sixteen MCN (Mutli-Channel Network, meaning organizations that work with video platforms to offer various forms of support to a channel owner) from media and companies have already cooperated with livestream base.

A representative from the program at JD Cloud & AI said, “In order to accelerate traditional enterprises getting up and running with digital development, the livestream base will combine JD’s resources and technology advantages to foster diversified development.”

 

(ling.cao@jd.com)

A Naughty Boy, Several Dead Crabs, and JD Fresh

by Vivian Yang

Ahead of the Mid-Autumn Festival, Beijing resident Mr. Liu ordered more than ten hairy crabs from JD.com on Sept 22nd. A few hours after receiving the order, he discovered that several of the crabs were dead. He immediately reported this to JD, and received the standard double refund within a day. Case closed, right? Not so fast. Mr. Liu discovered later that it was actually his six-year-old son who was the crab-tampering culprit.

On the day when the order arrived at home, Mr. Liu placed the crabs in a basin covered by a piece of cardboard so the crabs could not run away. He then answered an important phone call in another room. When Mr. Liu returned to check the basin, he peeked into the basin and noticed that several of the crabs were dead.

Mr. Liu immediately called JD – according to the company’s fresh crab delivery promise, customers are eligible to receive a double refund for each dead crab received during the Mid-Autumn Festival. His request was quickly processed to his satisfaction.

It was not until the next day when Mr. Liu was doing a casual review of his home monitor video that he discovered that his six-year-old son had facilitated the crabs’ “prison break”, going so far as to tie small ropes to the crabs in an attempt to walk them like dogs, and pretended to battle the crabs. During the “play” session, several of the crabs died.

When Mr. Liu returned from his phone call, his son was too scared to admit what had happened. It was only the next day when the boy was confronted with the video that he admitted what had actually happened.

Mr. Liu called JD’s customer services at once, and apologized for previous wrong complaint. He insisted on returning the refund.

“If it hadn’t been for the monitor video, I wouldn’t have known what really had happened at my home,” Mr. Liu said.  “I felt embarrassed for requesting a refund.”

 

(vivian.yang@jd.com)