JINGDONG Property, Inc. (“JDP”), a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com, has successfully completed the acquisition of LiFung Centre in Hong Kong, a 487,350 square feet logistics property.
“We are pleased with the addition of this logistics infrastructure in Hong Kong. It reflects our team’s ability to source and complete transactions efficiently, and we are well-positioned to continue expanding our business across the region,” said Cao Dong, CEO of JDP.
“We are excited about this institutional-quality property, strategically located in a convenient, last-mile neighborhood. We believe this project will continue to deliver efficient and reliable logistics services to Hong Kong. This investment allows us to benefit from secular growth trends while interest rates are moderating. We will continue to actively explore other opportunities in key markets across Asia Pacific,” commented Richard Law, Head of Asia Pacific at JDP.
About JINGDONG Property, lnc.
JINGDONG Property, Inc. (www.jdp.com.cn) is a leading and rapidly growing modern infrastructure investment and asset management platform of JD.com. Its business includes investment, development and asset management of logistics parks, business parks, data centers and others. As the cornerstone of JD.com’s supply chain ecosystem, JDP is equipped with deep insights into merchandise and logistics flows and has a unique ability to integrate business resources. We are well-positioned to serve consumption-driven demand and transform local economies. Leveraging our core competencies across infrastructure assets, development expertise, service capabilities and actionable insights, we provide bespoke, holistic and intelligent infrastructure solutions, continuously expanding our customer base in third-party logistics, e-commerce, manufacturing, retail, and other new economy industries.
At the 2024 FORTUNE Global 500 Summit in Guangzhou on September 26th, Dr. Shen Jianguang, Chief Economist of JD.com, shared how the company utilizes AI to transform its operations across retail, logistics, and more, while driving significant workforce expansion. “By integrating advanced technologies throughout our business, JD.com has more than tripled its workforce in the past six years from 180,000 to 620,000, all while increasing salaries,” Dr. Shen explained during the panel discussion titled “‘Changes and Opportunities’—Chief Economists’ Perspectives.”
AI tools have enabled JD.com to boost efficiency and elevate the customer experience. For example, JD’s AI-driven digital human livestream hosts have helped over 5,000 brands increase off-peak hours’ sales conversion rates by 30%. Additionally, AI-powered customer service representatives offer more personalized support, and logistics couriers use AI to deliver packages faster and with greater sustainability.
JD.com’s customer service representatives
“The competition in China is so fierce, and that’s what drives innovation—you have to innovate to survive,” said Dr. Shen, underscoring the role of innovation in reducing costs and increasing productivity. This is especially crucial in China’s e-commerce landscape, where consumers are becoming more price-conscious. “Consumers are looking for the ‘extreme quality-to-price ratio,’ meaning they want high-quality products at lower prices,” he added. At the same time, Dr. Shen noted a growing trend in rural and lower-tier markets, where significant growth opportunities are emerging.
Dr. Shen also discussed China’s recent economic stimulus packages. “Policy initiatives are important. When people perceive a shift in policy, the market responds,” he said, referring to the government’s subsidies for home appliance trade-ins introduced earlier this year. This program has stimulated demand for affordable, high-quality products, as reflected in the increased sales of subsidized items.
Guangzhou, the host city for the summit, launched a new round of consumer goods trade-in subsidies on September 1st, positioning online platforms like JD.com as essential providers of seamless trade-in services. Over 800 home appliance brands have partnered with JD.com in Guangzhou, offering more than 8,500 products. Additionally, JD.com is working with its brand partners on a Customer-to-Manufacturer (C2M) model, leveraging consumer insights to drive innovation for more tailored products.
JD.com provides one-stop trade-in services for home appliances and home goods
The panel discussion featured Dr. Shen alongside Minggao Shen, Global Chief Economist at GF Securities, and Robin Xing, Chief China Economist at Morgan Stanley, with FORTUNE Editor-in-Chief Alyson Shontell moderating. The panelists agreed that while AI is still in its early stages, its potential is vast. With China’s stimulus policies and a functioning capital market, the private sector is well-positioned to unlock considerable industrial and social value.
JD.com ranked #47 on the 2024 Fortune Global 500, moving up five spots from the previous year. Guided by its mission to “Make Lives Better through Technology,” the company remains committed to cost management, operational efficiency, and enhancing user experiences, while continuing to invest in employee development and upskilling to foster both business growth and workforce advancement.
JD Logistics (also known as Jingdong Logistics) recently announced that it has been awarded the world’s first ISO14068 carbon neutrality certificate for on-demand delivery service by Bureau Veritas, a global leader in testing, inspection, and certification. The certificate comes as a result of JD Logistics’ ongoing commitment to sustainability in supply chain and logistics operations.
JD Logistics has been providing on-demand delivery services for a global technology company since 2022 and has become the brand’s first logistics service provider in China to provide in-dependent, full-lifecycle carbon neutral services at the order-level. Through this partnership, JD Logistics track supply chain carbon footprints and implements precise carbon reduction technologies based on data analysis. JD Logistics has pledged to achieve net zero emissions by 2050 for the project, while assisting its partners in reaching “Carbon Emission Decoupling” goals for on-demand retail services.
ISO 14068 provides principles, requirements, and guidance for achieving and demonstrating carbon neutrality. According to the International Organization for Standardization, this standard focuses on quantifying, reducing, and offsetting carbon emissions, with an emphasis on reducing greenhouse gas (GHG) emissions within the value chain before relying on offsets. It ensures that carbon neutrality efforts are scientifically valid, transparent, and contribute to sustainable development., and communicated transparently.
In 2023, JD Logistics launched its in-house developed Supply Chain Emission Management Platform (SCEMP), which is verified to track over 140 types of carbon emission factors specific to road transportation in China. SCEMP accurately calculates carbon emissions based on real-time transportation routes, providing unmatched precision. To date, SCEMP has supported over 25 leading enterprises across industries such as electronics, apparel, beauty, auto, food, and chemicals, calculating over six million orders and helping partners to reduce over 300 tons of carbon dioxide.
SCEMP also plays a vital role in JD.com’s retail and ecommerce business. The company’s “Green Impact Initiative” leverages SCEMP to offer a mechanism that can monitor, report, verify, and create value for customers. For instance, Apple and Logitech have participated in this initiative to offer customers “carbon reduce privilege” products. When customers purchase these labeled items on JD’s app, they can earn rewards such as coupons and merchandise.
Through its innovative solutions and commitment to sustainability, JD Logistics continues to lead the way in reducing carbon emissions across the logistics industry. The company’s dedication to carbon neutrality not only supports its own environmental goals but also empowers its partners to contribute to a more sustainable future.
In celebration of the 2024 Chinese Farmers’ Harvest Festival, JD.com has officially launched its Agricultural Specialties Shopping Festival with a high-profile event in Beijing on September 19. Showcasing 107 categories of premium agricultural products from over 2,000 production zones across China, JD.com is supporting the festival with a substantial 1.5 billion RMB (USD 213 million) investment in subsidies and marketing initiatives. This move is part of JD’s aim to solidify its position as the leading platform for China’s finest agricultural goods.
Now in its third year, the festival runs through September 30 and highlights JD’s commitment to promoting high-quality, locally sourced agricultural brands. JD is offering a series of exclusive promotions featuring standout products such as Inner Mongolian grass-fed lamb, locally grown macadamia nuts, and Wuchang rice. To further elevate these offerings, the festival will feature harvest celebrations and product launch events that showcase China’s rich agricultural heritage.
Through its supermarket division, JD Super, the company is leveraging its self-operated business model to ensure the highest standards of quality through its “Source-Selected” product range. JD’s innovative “Direct from Source” model reduces supply chain friction, speeding up the delivery of farm-fresh goods directly to consumers’ tables. The strict quality assurance process includes origin verification, warehouse inspections, random audits, and unannounced spot checks to guarantee safety, reliability, and exceptional product standards. Currently, JD’s “Direct from Source” program offers over 16,000 types of agricultural products.
Since 2014, JD has been implementing its rural “3F” strategy—Factory to Country, Finance to Country, and Farm to Table. By building a robust logistics infrastructure across the country, JD has empowered rural farmers to harness modern supply chains, increasing the value of their agricultural products. This year marks the 10th anniversary of JD’s rural development initiative, which has led to the creation of numerous specialty agricultural brands, including “Running Chicken,” “Swimming Duck,” “Flying Pigeon,” and “Suqian Hairy Crabs.” These programs have played a pivotal role in lifting farmers in remote areas out of poverty and into economic prosperity.
In 2021, JD launched its ambitious “March-to-Rich” initiative with the goal of generating over one trillion RMB in rural economic output. JD surpassed this target in June 2023, three years ahead of schedule. This initiative has directly benefited millions of rural households, increasing incomes and laying a solid foundation for long-term economic growth.
JD.com, Inc. (also known as Jingdong), China’s largest retailer online and offline, today presented the JINGDONG Fashion “RED JOURNEY” runway show at Somerset House. As the Official Asian Online Retail Partner for London Fashion Week SS25, JD.com, Inc. showcased four Asian and Chinese brands including HAZZYS, ELLASSAY, Marisfrolg, and PURE TEA.
The company also launched a dedicated London Fashion Week campaign on its innovative app bringing a wide selection of global fashion to discerning Chinese consumers. The feature offers consumers a seamless watch-and-shop experience and brands and fashion talent the opportunity to expand their footprint globally.
The show at Somerset House draws inspiration from JINGDONG’s signature red and its passion for creativity and innovation. As the show begins, the music gently rises, blending melodies rooted in traditional Chinese culture with modern elements, creating a fusion of both vintage and avant-garde atmospheres. In this show, HAZZYS reinterprets the aesthetics of classic and casual styles through simple yet refined designs. ELLASSAY explores contemporary urban fashion with an elegant touch, delving into themes of femininity. Marisfrolg introduces its ‘Glaze Art’ collection, advocating for the integration of high fashion into everyday life. PURE TEA combines Chinese aesthetics with modern fashion, featuring embroidery and floral designs that evoke a sense of romance, showcasing the beauty of both vintage and elegance.
“JD.com, Inc. supports brands and designers by offering one-stop solutions from consumption insights, e-commerce operations, promotion and marketing to logistics and customer services,” said Sherrin Kong, President of JINGDONG Fashion. “We help international brands better understand the Chinese marketand we support Asian and Chinese brands in continuing to enhance their image in the international market.”
Consumers continue to turn to JD.com, Inc. for distinctive apparel products because JD provides a platform that guarantees authenticity and the highest quality. Today, over 90% of the world’s most renowned luxury brands, including Louis Vuitton, Gucci, Burberry, Mulberry, and Bottega Veneta, are represented on JD.com, Inc.. Its sophisticated in-house supply chain and logistics network, which delivers 90% of retail orders within 24 hours and its commitment to authenticity and quality have made it the preferred platform for many renowned fashion and luxury brands.
Previously, JD.com, Inc. announced an expansion in its apparel business with an additional investment of RMB 1 billion aimed at establishing Jingdong Fashion as a leading destination for stylish global apparel. This investment, a combination of financial capital and market resources, will broaden and enhance the range of fashion offerings available to consumers, providing a significant boost for both domestic and international brands.
HAZZYSELLASSAYMarisfrolgPURE TEA
About the designers:
HAZZYS
HAZZYS cultivates an urban style that combines traditional values with elegance and nobility. Emphasizing the fusion of classic and sensibility, the brand conveys a sense of nature, subtlety, and modernity. With superior tailoring, slim fit silhouettes, and exquisite detailing, HAZZYS embodies an aristocratic charm.
HAZZYS SS25 New Collection
The collection features a simple yet classic design as its foundation, using high-quality fabrics to ensure comfort and a premium feel. The color palette includes versatile, easy-to-style shades, along with seasonal favorites like forest green and sky blue. Whether worn on their own or layered as accents, these pieces are perfect for everything from daily commutes to casual getaways, meeting the diverse needs of consumers.
ELLASSAY
ELLASSAY is a premium Chinese fashion brand established in 1996, committed to sustainable and eco-friendly fashion. Drawing inspiration from the lifestyles and daily experiences of modern women, the brand embodies a refined and elegant urban style. ELLASSAY believes that quality is the foundation of elegance, and sustainable design is the future of elegance.
ELLASSAY SS25 New Collection
For Spring/Summer 2025, ELLASSAY delves into femininity with the theme “SHE IS ELLA · Her Vision.” ELLA represents the essence of women who are free from definitions, symbolizing a collective of women who are effortlessly elegant. This season, ELLASSAY journeys alongside her, experiencing the world’s interpretation of elegance through her eyes.
Marisfrolg
Marisfrolg advocates for the fusion of high fashion and everyday life. The brand is committed to creating effortlessly refined and relaxed sophistication for modern urban women. The newly launched Glass Art Collection embodies the concept of an “art studio,” drawing inspiration from contemporary handcrafted glassworks. Featuring flowing, artistic lines and exquisite fabric craftsmanship, the collection highlights sculptural silhouettes with clean, versatile shapes that flatter different body types. It explores the spirit and vitality of modern women who embrace freedom and a laid-back sense of elegance.
PURE TEA
PURE TEA embodies a deep appreciation for the spirit of Eastern art and culture—pure, transparent, simple, and direct.
Runway Collection:
Theme – “Floral Wardrobe.”
Loving oneself is the beginning of a lifelong romance.
Every woman is a flower in her own right. The floral embroidery on the garments exudes romance, striking a balance between diverse artistic aesthetics. Each piece captures its own sense of elegance and romantic charm, creating a personal garden of beauty. With the garments as a canvas, the beauty of flowers is painted, evoking the feeling of walking through a manor, engaging in dialogue with the blossoms, and savoring their fragrance. The collection radiates a sense of nostalgia, showcasing the charm of Chinese aesthetics with both grace and spirit, fully expressing romance and sentiment.
JD.com unveiled its latest digital supply chain technology advancements at the 2024 China International Fair for Trade in Services (CIFTIS), held in Beijing from September 12 to 16. As a global partner of CIFTIS for the fifth consecutive year, JD.com demonstrated its commitment to driving digital transformation across industries. Notably, JD Cloud’s digital human powered by its ChatRhino (or Yanxi in Chinese) large language model (LLM) and JD Health’s Dermatology Service Platform were recognized with the “China Service Practice Case” and “Innovation Demonstration Case” awards, respectively.
JD Cloud’s ChatRhino AI digital human, a pioneering innovation in the field, played a key role during JD.com’s 618 Shopping Festival, becoming the first large-scale commercialized digital human in the industry. Developed entirely in-house, ChatRhino has supported over 5,000 brands, increased off-peak hours’ conversion rates by over 30%, and logged more than 400,000 hours of live streaming with a reach of over 100 million viewers and more than five million user interactions, the digital human has driven over RMB 10 billion in gross merchandise value.
In April 2023, JD Health launched China’s first online skin hospital, featuring over 6,000 registered doctors, including more than 3,500 from top-tier hospitals. Using JD Health’s Jingyi Qianxun (京医千询) LLM, the platform integrates vast medical expertise to deliver smart diagnostic support. The Dermatology Service Platform streamlines the diagnostic process at every stage of patient care, improving treatment efficiency while maintaining the highest standards of medical care.
At CIFTIS 2024, JD.com also introduced several breakthrough retail technologies, including JD.Vision, an early native application for Apple Vision Pro; Jingyan （京言）, an AI assistant for e-commerce; and Jingdiandian （京点点）, an AIGC-powered content generation platform. JD Logistics presented a virtual logistics park leveraging digital twin technology to simulate operations such as storage, packaging, sorting, and highlighted carbon-neutral logistic park practices. JD Industrials launched the “TAIPU”(太璞) digitally intelligent supply chain solution, tailored to optimize demand, procurement, fulfillment, and operations for industrial products. Additionally, JD Finance presented its suite of digital financial products and services, including consumer finance, payments, and wealth management.
JD’s exhibition also highlighted its digital and physical supply chain integration advancements across various business sectors. Key initiatives included cross-border e-commerce operations through JD Worldwide, omnichannel retail by ochama (JD.com’s Europe-based brand), country-specific online flagship stores known as JD National Pavilions, and on-demand retail and instant delivery service under JD NOW. These innovations attracted significant attention and reinforced JD.com’s leadership in advancing the digital transformation of supply chains.
JD.com, Inc. (also known as Jingdong) and the British Fashion Council are delighted to announce a new partnership, which aims to enhance the presence of British and international fashion brands in the Chinese market and create a global platform for Chinese and Asian designers.
The partnership will leverage JD.com, Inc.’s advanced e-commerce infrastructure and extensive consumer reach to help British and global fashion brands in navigating the complexities of the Chinese market.
Sherrin Kong, President of JINGDONG Fashion on the left, Caroline Rush, CEO of the British Fashion Council on the right
JD.com, Inc.’s sophisticated in-house supply chain and logistics network, which delivers 90% of retail orders within 24 hours and its commitment to authenticity and quality have made it the preferred platform for many renowned fashion and luxury brands. Today, the platform boasts representation from over 90% of the world’s most recognised luxury brands, including Louis Vuitton, Gucci, Burberry, Mulberry, Bottega Veneta and more. In the past year, JD.com, Inc. has expanded its luxury portfolio to include partnerships with brands including Saint Laurent, Balenciaga, HERMÈS fragrances and makeup, Moncler and Alexander Wang. It has also introduced modern streetwear labels such as WE11DONE, UNDEFEATED, and FEAR OF GOD, ESSENTIALS.
The partnership will also support JD.com, Inc.’s ongoing efforts to promote Asian fashion brands and designers on the world stage. As the Official Asian Online Retail Partner for London Fashion Week September 2024, JD.com, Inc. is showcasing the immense talent emerging from China and Asia at London Fashion Week this season. The JINGDONG Fashion “RED JOURNEY” catwalk will feature collections from four brands: HAZZYS, ELLASSAY, Marisfrolg, and PURE TEA. The show at Somerset House draws inspiration from JINGDONG’s signature red and its passion for creativity and innovation. From September 9th to October 3rd, JD.com, Inc. will also feature a dedicated London Fashion Week page on its app, promoting international fashion to its 600 million customers.
“The strength of JD.com, Inc.’s logistics network and our cutting-edge e-commerce solutions have made us the partner of choice for international fashion brands looking to succeed in China,” said Sherrin Kong, President of JINGDONG Fashion. “By leveraging our robust supply chain capabilities, we are excited to deepen our partnerships and continue our role as a gateway connecting the global fashion community with Chinese consumers. This partnership with the British Fashion Council exemplifies our commitment to bringing a diverse array of global fashion perspectives to China and, in doing so, supporting the dynamic exchange of culture and innovation in fashion.”
Caroline Rush, CEO of the British Fashion Council said: “This partnership provides our emerging designers and brands with a platform that facilitates smoother collaborations across borders but also amplifies their exposure in the crucial Chinese market. We look forward to seeing what the partnership has in store and to working together to encourage continued collaboration between the UK and Chinese markets.”
JD.com, Inc. supports a variety of business models to accommodate brand needs, including first-party retail, third-party flagship stores, direct-to-consumer mini-programs, omnichannel solutions, and vendor-managed inventory systems. Since the beginning of 2024, JD.com, Inc. has seen a 60% year-on-year increase in top apparel and footwear brands and a 200% increase in third-party fashion merchants.
About JD.com, Inc.
JD.com, Inc., also known as Jingdong, has evolved from a pioneering e-commerce platform into a leading technology and service provider with supply chain at its core. Renowned for its supply chain innovation and excellence, the company has expanded into sectors including retail, technology, logistics, healthcare, and more, aiming to transform traditional business models with cutting-edge digital solutions. Ranking 47 on the Fortune Global 500, JD.com, Inc. is China’s largest retailer by revenue.
About British Fashion Council
The British Fashion Council (BFC), formed in 1983, is a not-for-profit organisation focused on the relentless innovation, responsible growth and local and global amplification of the British fashion industry. Its mission is to champion British fashion on the world stage by pioneering world class programmes that unlock and elevate British creative talent. This is fuelled by an extraordinary diverse and inspiring community of advocates, icons, experts, and fans.
The BFC amplifies excellence in creativity and its role in the UK’s cultural influence through The Fashion Awards and London Fashion Week. The BFC prepares businesses for positive change through relentless innovation with a focus on Diversity, Equity, Inclusion and Belonging (DEI&B), Web 3.0 and pivotal areas of the UK Circular Fashion Eco-system through the Institute of Positive Fashion (IPF). The BFC enables responsible growth through a dynamic, inclusive, and unified community that advocates for creativity, innovation and collectively supports the industry to grow and talent to gain access.
The BFC Foundation (Registered Charity Number: 11852152) was created in 2019 for charitable purposes and grant giving; attracting, developing, and retaining talent through education and business mentoring. The BFC Foundation offers support to designers through four talent prizes: BFC/Vogue Designer Fashion Fund, BFC/GQ Designer Fashion Fund, BFC NEWGEN and the BFC Fashion Trust. With the support of the BFC Colleges Council, the BFC Foundation offers BA and MA scholarships to students, as well as links with industry through design competitions and Graduate Preview Day. The Fashion Awards is the primary fundraiser for the BFC Foundation.
For more information visit: britishfashioncouncil.co.uk / londonfashionweek.co.uk / instituteofpositivefashion.com
JINGDONG Industrials, a leading Chinese industrial supply chain technology and service provider under JD.com (also known as JINGDONG), held its first Business Partner Conference on September 12th in Bangkok. The event drew over 100 Thai industrial suppliers’ participation, including 3M, Schneider, Keyence and more. During the conference, JINGDONG Industrials formalized agreements with prominent brands including Henkel, ZEBRA, and BORNEO, expanding the range of industrial and general-purpose products available in Thailand on its platform. The company also introduced a simplified onboarding process and exclusive incentives tailored to local partners.
JINGDONG Industrials’ invitation to Thailand-based suppliers stems from the growing procurement needs of Chinese companies in the region, particularly in industries such as the automotive, electronics, metallurgy, and consumer goods. The collaboration opportunities span a wide range of categories, including industrial products such as wires, cables, machinery, and lifting equipment, as well as general-purpose products like office supplies, networking equipment, and office furniture.
By leveraging JD.com’s extensive expertise in supply chain management, JINGDONG Industrials aims to establish a highly efficient, precise, and reliable procurement system that connects Chinese companies abroad with local suppliers. With a deep understanding of the procurement needs of Chinese manufacturing enterprises, JINGDONG Industrials provides comprehensive services that cover demand matching, inventory management, fulfillment, and after-sales support. Additionally, its self-developed TAIPU intelligent supply chain solution offers a full suite of services, including consulting, top-down design, and system configuration, fostering deeper integration between Chinese and Thai supply chains and promoting mutual growth.
As China’s leading industrial supply chain platform, JINGDONG Industrials supports over 50% of China’s Fortune 500 companies and more than 40% of global Fortune 500 companies operating in China. The platform offers seamless integration for both general MRO (maintenance, repair, and operations) products, specialized MRO products, and BOM (bill of materials) components.
Chinese investments in Thailand have surged in recent years, bolstered by Thai government initiatives to attract foreign investors. From 2022 to 2023, Chinese enterprises topped the list of foreign investors in Thailand, a trend that continues in 2024. JINGDONG Industrials’ initiative further strengthens the economic ties between China and Thailand, enhancing the regional industrial supply chain ecosystem.
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