by Ella Kidron
Company updates
JD and Li & Fung to build global digital supply chain. JD and Li & Fung will develop in-depth strategic cooperation in digital supply chain and private label, among other areas, by leveraging their respective strategic capabilities and resources. This partnership is one of the important initiatives in JD’s digital supply chain. Li & Fung is a leader in global supply chain with expertise in international trade and private label, while JD has developed unique capabilities in digital technologies as well as retail infrastructure. Get the full story.
FMCG brands get major boost on JD during H1. JD Data shows that, in the first half of 2020, over 10,000 FMCG brands achieved a sales increase of over 100% on JD, and sales of 200 brands achieved over RMB 100 million yuan. This comes as consumers who adjusted to shopping online for groceries and daily necessities during the height of COVID-19 have now made it a regular habit. Get the full story.
Boosting the acquaintance economy. JD’s social e-commerce program had already brought income to nearly two million people as of July 20. Named Super New Star, the program encourages people to share links to product promotions and discounts on JD’s e-commerce platforms via WeChat groups and mini programs. Promoters earn affiliate marketing commission from each transaction while JD provides the inventory, logistics and after-sales services. Get the full story.
JD helps exporters turns eye towards domestic market. Several companies who previously focused purely on exports have turned to JD’s social e-commerce platform Jingxi in response to global COVID-19 pressures. Jingxi has provided extensive help for merchants covering e-commerce, livestreaming, C2M. In two months starting mid-April, over 10,000 merchants previously focused on exports joined the platform, and during June 1-17th, orders from these merchants increased over 100% compared with the same period in May.
Business-specific updates
JD Mini Shop comes to Xi’an. JD has launched a new type of convenience store, Mini Shop, which provides a self-service shopping experience for working professionals in neighboring office buildings. The model can be easily adapted and is customizable to different shopping scenarios such as libraries, airports and train stations, hotels and more. Compared with a typical JD Convenience Store which is 80-150 square meters in size, the Mini Shop is only 15 square meters. In other convenience store news, JD Convenience Store is now open for franchising in Beijing, Shanghai, Chengdu, and Jinan. Going forward, JD will look to franchise its JD Convenience Store brand in more cities across China to support traditional mom-and-pop stores to improve efficiency and bring more quality products and services to consumers.
Home Appliances flagship stores coming to new cities. JD is planning to open three home appliance flagship stores in three cities in China this September. The three stores will be located in Bengbu in Anhui province, Jiaozuo in Henan province and Deyang in Sichuan province. Each new store will have an area of 10,000 square meters, and customers will be able to buy over 10,000 varieties of products in-store. They will also be able to place online orders for more than 200,000 products.
No stopping JD Home Appliance Stores. As of the end of June 2020, the number of JD Home Appliance Stores, offline home appliance stores for lower-tier markets, has surpassed 15,000 by the end of June 2020. The model dates back to 2016. Today, the stores serve 25,000 towns and 600,000 villages around China. Get the full story.
An ‘Oktoberfest’ of its own. Over July and August, JD Super, JD’s online supermarket is hosting a Beer Festival. Just this week, JD Super, JD’s online supermarket, hosted a Super Category Day promotion for the beer category. The event involves brands from around the world, and in addition to being a sales festival, also serves as a way to entertain and educate consumers on beer culture. Brands such as Budweiser, Tsingtao and more are participating to make the event a success. Get the full story.
This week at JD in photos: https://jdcorporateblog.com/photo-gallery-this-week-at-jd-august-3-august-7/
The Long Read
Have a bit more time? Check out some of our recent data reports and in-depth articles
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(ella@jd.com)