Sep 28, 2021| JD Worldwide
JD CENTRAL Celebrates Third Anniversary
by Yuchuan Wang
JD CENTRAL (JDC), JD.com’s e-commerce joint venture in Thailand, celebrated its third anniversary on September 28th. In 2020, JD CENTRAL saw an increase of 170% in terms of GMV (gross merchandise volume) compared with 2019, and in the past year has become the highest rated e-commerce app in Thailand on Google Play.
To celebrate its birthday, JDC has doubled the marketing budget on giveaway activities alongside fun games through campaigns and promotions in September. In recognizing the challenging circumstances, a budget of over 100 million baht (about US$ 3 million) was earmarked for several campaigns to assist buyers and sellers.
JDC began operating in Thailand in 2018. It differentiated itself from other platforms by emphasizing brand reliability and genuine products through the ‘Shop for Good Quality Products with 100% Authenticity Guaranteed’ strategy.
Cell phones, tablets, home appliances, computers and other high value products are the best-selling items on JDC. At the same time, since June this year, the number of new users of consuming products including fashion has increased by 130%, and the number of new users of health and beauty products has increased by more than 300%.
The fast growth is inseparable from JDC’s quality supply chain services. In the past three years, JDC had built eight warehouses for small and middle size items, bulky items and more. Today in Bangkok, more than 95% of orders can be delivered on the same day and more than 85% of its orders nationwide can be delivered within two days. JDC also provides a series of services in addition to warehousing and delivery, such as after-sales and 24/7 customer service.
In terms of strategic planning, JDC will focus on adding new services, stores, and features to meet the needs of both buyers and sellers, including assistance with the official opening of a world-class electronics brand store, the launch of the new “Instant JOY” service to meet the growing need for on-demand delivery that demonstrates continued growth momentum, a guaranteed one-hour delivery service, e-vouchers for hospitals, restaurants, spas and life insurance companies, and the addition of internationally-recognized brand stores on the platform for customers hoping for more choice.
“JD CENTRAL continues to deliver joy to all our partners. We believe in prioritizing everyone in all sectors through our comprehensive plans to ensure that we can steadily grow together side by side. Although we only entered this market three years ago, what we have achieved and shown through these incredible figures proves to everyone that JD CENTRAL is the real deal – generating feelings of joy to everyone involved,” said Korlarp Suwacharangkul, Chief Marketing Officer of JD CENTRAL.
Sep 26, 2021| ESG
JD’s Digital Contracting Platform Save Resources Tremendously
by Vivian Yang
JD Technology kicked off a new round of promotion of its digital contracting services on September 17th, aiming to bring the blockchain-based technology to more SMEs and support them to go paperless in business operation.
To date, JD’s digital contracting platform has assisted on managing over 4 billion contracts for more than 500,000 enterprise users. If a contract uses 10 pieces of A4 paper on average, the platform has accumulatively saved 40 billion pieces of paper so far, which equates to the save of 13 million trees and reducing more than 4 million tons of carbon dioxide emissions.
A number of China’s well-known enterprises such as Xiamen ITG Group Corp. adopted the platform recently, and estimates show that the service will help them save 80% time in the work of contract processing, and lower costs of contract signing by 60%.
Enabled by digital certificates and blockchain, the service makes sure that all parties in a transaction can share the same view of a live contract, and every step and revision of the contract is recorded, creating a tamper-proof audit trail. The blockchain system can also enable hashlock on confidential contracts to ensure the safety of the original document and data privacy.
As a one-stop solution, the platform offers contract templates, digital stamps, e-signing, archiving services and more. All data is strictly scrutinized before being connected to the platform, and will continue to go through rigid reviews in every step of data generation, transfer, storage and other actions to secure data authenticity. More importantly, the complete evidence chain is synchronized with courts, notary offices and other judicial bodies, ensuring contacts’ judicial validity and management efficiency.
Heavy technology aside, the platform is easy to use, as it supports multi-interfaces on computers, app, Wechat mini program and more, as well as simultaneous actions by different people.
New users of the platform will not only enjoy discounts and a service package for free, but also become a certified member of JD’s “zero-carbon enterprise” program.
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