- May 21, 2021
- Business Update
Three JD Business Partners Win Awards at 618 Kick Off Conference
by Rachel Liu
JD held this year’s 618 Grand Promotion kick off conference on May 20 in Beijing. Three of JD Business partners won important awards on the event: Zhenyun Technology, an enterprise procurement digitalization provider, won the Supply Chain Partner Award; Bear Rental, a company that provides office supplies rental service, won the Sustainable Development Partner Award; and Linde, the forklift manufacturing company, won the Innovative Brand Award.
Zhenyun Technology and JD have worked together to provide one-stop procurement digitalization solutions for enterprise clients. In 2020, the two sides jointly developed products such as Zhen Procurement Cloud and iSRM (intelligent supplier relationship management), integrating products, finance, logistics, service, and quality control on a digital platform to provide easy supply chain management solutions for enterprises.
Bear Rental aims to provide enterprises with rental services on office supplies to lower the cost of operations. In 2020, JD and Bear Rental jointly launched JD Enterprise Rental service through JD Business, providing rental, recycling, and office property management service for SMEs. Relying on Bear Rental’s capabilities, the two sides are able to lower the pressure of cash flow on enterprises by providing delivery, installment, maintenance and recycling services. JD’s office supplies rental business increased over 100% YOY in 2020, and are providing services for companies including Tencent, GE and Miss Fresh.
“The rental rate for office supplies in Western markets has reached over 60%, but in China the number is lower than 5%,” said Weijun Cao, co-founder of Bear Rental. “We hope to work deeper with JD to help more companies solve their problems on office supplies procurement and management.”
Linde has been exploring Business-to-Manufacture (B2M) products with JD. Based on JD’s intelligent procurement platform, Linde gained knowledge from enterprise clients on their demands for forklifts in order to develop customized products. ss. The B2M model is widely welcomed and used by enterprise partners, and many of them have ordered customized robots, forklifts and pallet trucks on JD.
(Banner Photo: Pei Wang, CEO of Zhenyun Technology receiving the award.)