Turning Inwards: JD Helps Sell Eel across China

by Yuchuan Wang

 With the help of JD, Fujian province-cultivated eel enterprises have found a new sales channel via JD’s sales approach. From February to June, sales of Fujian eel products increased 451% year-on-year on JD, with many eel farmers and manufacturers making up for losses incurred due to COVID-19.

Fujian is a major province for eel cultivation in China. In the past, 70% of Fujian eel was exported to Japan, U.S. and other overseas markets. But this year, the eel industry in Fujian suffered heavy losses on account of the COVID-19 pandemic, and exports decreased to less than half of that of previous years. At the same time, the domestic catering market was also impacted, resulting in the sharp contraction of domestic eel sales.

JD.com launched the “National Fresh Produce Green Channel” in February.

To help farmers sell their inventory amidst the pandemic, JD.com launched the “National Fresh Produce Green Channel” in February. The initiative also helped local eel companies well to the domestic market through JD’s e-commerce platform.

It wasn’t all smooth sailing. Many eel enterprises simply moved their products online without considering that many Chinese consumers do not know how to prepare eel. To boost sales and make it easier for consumers to do it, JD.com guided Fujian’s eel enterprises to develop ready-to-cook and ready-to-eat eel products.

“Based on JD’s big data insights, we developed the roast eel ready-to-eat product. On the first day of its launch during JD.com’s 618 Grand Promotion, we sold out of all roast eel products,” said Jianli Wang, sales manager of Sandugang, a Fujian-based eel producing and manufacturing company. On June 18th, transaction volume of eel products on JD was nearly RMB 1 million yuan.

During 618, JD opened up an exclusive sales and logistics channels for seafood like eel. These efforts have helped Fujian eel farmers resolve key sales challenges.

This August, JD held an “eel season” sales event online. The company hopes to bring more quality seafood to its consumers and continuously drive sales for merchants, facilitating the recovery of more enterprises.

 

(yuchuan.wang@jd.com)

Filmmaker and Actor Xu Zheng Joins JD for Livestream to Support Movie Industry

by Martin Li

A recent livestream event on JD.com co-hosted by renowned Chinese comedy filmmaker and actor Xu Zheng saw 2,000 RMB10-yuan movie ticket coupons given away to viewers.

They can use the coupons to buy tickets on JD.com.

The livestream was launched by China Movie Channel as a push for people to support China’s movie industry, which has been on pause since February due to the COVID-19 pandemic.

Cinemas across China have been reopening gradually and cities like Beijing, Chengdu, Shanghai and Guangzhou have raised the limit on seat occupancy to 50% (from 30% previously) and cancelled the mandatory intermission for 120-minute-long movies.

The livestream event was also joined by Du Chunyang, senior director of the film and performance business unit of JD Life.

“JD will provide more discounted film tickets online and bring more benefits to JD Plus members (in terms of movie consumption),” said Du.

JD Plus is JD’s premium membership program.

JD launched its online movie ticket sales business in 2012 and has been committed to supporting the industry since. It took only three days for JD to launch real-name registration for online ticket buyers – as required by the government – after cinemas resumed operation in low-risk areas on July 20th.

In addition, JD has also helped promote new movies with the help of its huge traffic resources.

 

(bjlihao3@jd.com)

Orders of JD’s Mobile Phone Trade-in Service Increased 50% Within One Week

by Rachel Liu

On August 5th, JD launched an updated service package for mobile phone buyers. It includes five services: 30-day return, one-hour delivery, free-trial, trade-in and “30365” service. The package is provided in advance of the upcoming JD Mobile Phone Festival on August 18th. One week after the launch, orders of mobile trade-in services on JD increased over 50% compared with before.

The 30-day return service means that customers can return a mobile phone within 30 days of ordering as long as the phone has not been damaged. The one-hour delivery is a service that JD provides with JDDJ (JD Daojia), China’s leading local on-demand retail platform. JD customers can shop for products through JDDJ, and the brick and mortar stores will deliver the products to customers in as fast as in one hour. The “free-trial” service allows customers to try products for seven days and return them if they are not satisfied. The “trade-in” service enables customers to trade-in their old phones and deduct the trade-in price from the cost of new phone. The “30365” service ensures customers get a full refund if their phones have hardware problems within 30 days after the orders are made or get a brand new product if there are problems within the first year. More and more brands and products are joining the service project to provide a better shopping experience to JD customers.

On JD’s Super Honor Day on August 6th, over 150,000 customers enjoyed service products on JD, saving over RMB 4 million yuan. In JD’s vivo flagship store, vivo S7 which joined the service program, received 97% positive reviews. Some of the customers’ comments on mobile phones say that things along the lines of, “I received the product within one hour”; “I made two purchases and they both arrived very fast”.

With the online mobile phone market becoming more mature, competitive price is not the only factor affecting customers’ choices. It’s especially important to provide exceptional customer service to increase customers’ loyalty to e-commerce platforms.

 

(liuchang61@jd.com)

JD to Acquire Controlling Interest in Kuayue Express

BEIJING, Aug. 13, 2020 (GLOBE NEWSWIRE) — JD.com, Inc. (the “Company”) (NASDAQ: JD; HKEX: 9618), China’s leading technology driven e-commerce company transforming to become the leading supply chain-based technology and service provider, today announced that it has entered into a definitive agreement under which Jingdong Express Group Corporation (“JD Logistics”), a subsidiary of the Company, will acquire a controlling interest in Kuayue-Express Group Co., LTD. (“Kuayue Express”), a renowned modern integrated express transportation enterprise specializing in “limited-time express service” in China, for a total consideration of RMB3 billion through a combination of acquiring existing shares and subscribing for newly issued shares of Kuayue Express, subject to customary closing conditions. The Company expects to close this transaction in the third quarter of 2020.

“We are pleased to collaborate with Kuayue Express to provide customers with the best services available,” said Zhenhui Wang, CEO of JD Logistics. “Kuayue Express is a reliable delivery services provider and industry leader in express courier services with innovative technology and advanced operations. Collaborating with Kuayue Express advances our integrated supply chain management, technology initiatives and service expansion to third party merchants. We will leverage our respective advantages and the synergy the collaboration creates to enhance the client experience and increase overall supply chain efficiency for JD and society at large.”

About JD.com

JD.com is a leading technology driven e-commerce company transforming to become a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries. JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the description of the proposed offering in this announcement contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to JD.com’s industry and general economic conditions in China. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the prospectus registered in Hong Kong. All information provided in this press release and in the attachments is as of the date of this press release, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.

JD Rolls Out Leasing Service for SMEs’ Recovery

by Vivian Yang

JD.com launched a leasing service for computers and digital products targeting small and medium sized enterprises (SMEs).

Through JD’s leasing platform, enterprise users can rent many types of office computers at favorable prices, for instance, ThinkPadE14 at RMB 99/month, ThinkPadL13 at RMB198/month and ThinkCentre K70 desktop at RMB128/month. This innovative leasing business model comes at a time when many SMEs in China are facing operations and cash flow pressures in the post-COVID-19 economic recovery.

To ensure users can enjoy smooth operation and data security while they use the rental hardware, the JD Computer and Digital Products business unit will provide professional and timely operation and maintenance support.

This leasing service is especially suitable for SMEs looking to expand their business scale and channels network, participate in exhibitions, organize temporary projects or host marketing events, among other usage scenarios. In these situations, renting is a more sensible solution than buying, helping enterprises to reduce cash flow pressure and avoid a range of IT purchase and management challenges.

“We hope that through an innovative business model like the leasing service, JD can help SMEs to improve their capital utilization efficiency so as to overcome the financial difficulties they may be facing at present,” said Xiaobo Guo, general manager of the enterprise business unit of JD Computer and Digital Products.

According to Guo, JD has been committed to providing one-stop product and service solutions for its enterprise customers. The JD-initiated leasing service helps advance China’s leasing market, which is still at a nascent stage with less than 5% market penetration.

 

(vivian.yang@jd.com)

Photo Gallery: This Week at JD (August 10-August 14)

JD.com and 5Star held a press conference to mark JD’s official 100% ownership of the home appliance retail giant.

On August 12, JD.com and 5Star held a press conference to mark JD’s official 100% ownership of the home appliance retail giant. JD completed the acquisition of the remaining 54% of equity in 5STAR combining with the previous 46% stake, this acquisition makes 5Star a wholly-owned subsidiary of JD.com.

 

Nearly 100 influential entrepreneurs who studied at Cheung Kung Graduate School of Business (CKGSB) joined a livestream at JD

Nearly 100 influential entrepreneurs who studied at Cheung Kung Graduate School of Business (CKGSB) joined a livestream at JD, helping sell nationwide agricultural specialties to Chinese consumers. In only one hour, nearly five tons of products were sold. All of the proceeds from the sales will be donated to an institution in Shanghai to help visually impaired people.

 

JD.com officially completed its investment in China’s fourth largest convenience store chain,

On August 11, JD.com officially completed its investment in China’s fourth largest convenience store chain, Xiamen Fook Chain Store Management Limited Company (Fook Convenience Store), representing JD.com’s first investment in the chain convenience store industry.

 

JD and Gome jointly initiated a purchase plan worth from brands RMB 30 billion yuan

On August 10th, JD and Gome jointly initiated a purchase plan worth from brands RMB 30 billion yuan, including products such as televisions, refrigerators, washing machines, air conditioners, small home appliances and electronic products. This is the largest purchase of home appliances and electronics products in China this year so far.

 

Golden Goose launched a flagship store on JD

On August 10th, Golden Goose launched a flagship store on JD. Customers are now able to buy the brands’ iconic collections such as SUPERSTAR and all others, also nicknamed “little dirty shoes” through the JD store and enjoy JD’s premium delivery service.

 

The group visited JD’s Wuhan Asia No.1 logistics park,

On August 13th and 14th, a group of reporters from Handelsblatt, Kyodo News, Yomiuri Shinbun, Nikkei Business Publication and Pan Daily were invited by JD to go to the company’s Central China branch in Wuhan. The group visited JD’s Wuhan Asia No.1 logistics park, JD delivery station and Today, a JD Logistics supported chain convenience store in Wuhan.

 

JD to Speed up Express Delivery and Coverage

by Ella Kidron

On August 13th, JD Logistics announced the comprehensive initiation of its express delivery (JD Express) service speed acceleration plan. The plan aims to speed up the efficiency of express delivery within and between China’s eastern coastal and central-eastern core city clusters, strengthen the capacity of JD’s integrated rail and air network, and comprehensively enhance the delivery experience for customers.

A representative from JD Logistics’ JD Express division said that the plan will be completed by the end of September, and it is expected that at that time, the number of cities where JD’s express delivery will be able to send parcels by air will increase by 200, and the number of possible air routes will exceed 45,000.

The plan is said to involve Beijing, Tianjin, Shanghai and cities in Guangdong province, realizing mutual 24-hour coverage of the Beijing-Tianjin-Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area, and other core economic city clusters.

Previously, in June around the 618 Grand Promotion, JD Logistics announced the upgrade of its lower-tier markets program to provide 24-hour delivery service in over a thousand cities and tens of thousands of townships in China. Under the plan, JD Logistics will either expand or newly construct 13 local warehouses and transfer centers. The new infrastructure will focus on second-to-fifth tier cities. In addition, JD will operate 12 Asia No.1 highly automated logistics parks, which traditionally have mainly focused on first and second tier cities, in lower tier cities.

 

(ella@jd.com)

 

JD Sold Four Million Ice Cream Products in Seven Days

by Rachel Liu

Newly released data shows that from July 6th to 12th, JD sold four million ice cream products. Sales of ice cream increased over 16 times on July 10th, which was the Super Ice Cream Day on JD. Nearly 400 types of ice cream products from 30 brands were rolled out on JD during the promotion.

Traditionally, customers like to buy ice cream in convenience stores or community stores instead of online because they are worried that ice cream will melt during transportation. JD’s cold-chain logistics and fast delivery, however, allow customers to order ice cream online with peace of mind. JD has launched a series of services for ice cream lovers on JD, including melt insurance and scheduled purchase. Scheduled purchase allows customers to choose how often they want to receive products and how many they want each time. JD Logistics will deliver the products based on their personal needs.

Interesting Trends on Ice Cream Consumption:

  • On JD, crossover ice cream products receive great popularity, as they are usually unique and innovative. For example, Chinese ice cream brand Chicecream and Zongzi (rice cake that Chinese eat on Dragon Boat Festival) brand Wufangzhai jointly launched a “barley leaves” (leaves used to make Zongzi) flavor ice cream. Sales of the product increased 106% during the promotion comparing with the same period in June.

On JD, crossover ice cream products receive great popularity, as they are usually unique and innovative.

  • Customers like to buy mini size ice cream, such as mini Magnum and mini Cornetto. More and more families like to buy ice cream online, and mini size ice cream is suitable for children to eat.
  • Sales of ice cream by post-1995s and post 2000s customers increased 17 times y-o-y. They have become the fastest growing group among all customers.
  • Sales increase of ice cream in lower-tier cities is 15 times that of first-tier cities.
  • The peak for customers to order ice cream is midnight, as the coupons are usually release at 12:00 am on JD, and many customers treat online shopping as a way to release pressure before going to bed.

 

(liuchang61@jd.com)