news

Jimu News reporter Chai Jing

On August 5, "Fortune" released the 2024 Fortune Global 500 list. JD.com Group's ranking rose by 5 places from last year to 47th place, ranking first in the domestic industry. JD.com has been among the Fortune Global 500 for nine consecutive years.

Ranking (Source: Fortune)

It is understood that this year, including companies in Taiwan, a total of 133 Chinese companies are on the list, 9 fewer than last year. Among them, 128 companies from the mainland (including Hong Kong) are on the list, and 5 companies from Taiwan are on the list. The reporter noticed that the large companies in the Internet field have risen overall. Among the five Internet giants, except for Alibaba, which fell by 2 places, the rankings of JD.com, Tencent and Meituan have all improved, and Pinduoduo has made the list for the first time. JD.com Group has once again entered the top 50, with a revenue of US$153.2 billion in 2023, ranking 47th, replacing Ping An of China as the largest private company in mainland China.

Revenue continued to maintain healthy growth because JD.com always puts user experience first and continuously provides users with richer products, more affordable prices, faster delivery, and more worry-free services. The "more, faster, better, cheaper" user experience has also driven the growth in the number of users and the continued improvement in their activity.

JD's continued improvement in user experience comes from the continuous optimization of cost and efficiency by a solid supply chain infrastructure. It is understood that by the end of 2023, the asset scale of JD's supply chain infrastructure will reach 153.8 billion yuan; since the full transformation to technology in 2017, JD has invested nearly 130 billion yuan in technology research and development. Continuous infrastructure investment not only drives JD's supply chain efficiency to maintain a global leading level, but also continues to create value for the industry's cost efficiency optimization. JD Cloud's "Yanxi Digital People" not only helps merchants significantly increase the length of live broadcasts and sales conversion rates, but also monitors changes in inventory of goods in the live broadcast room at any time. With the help of the "Jingmai" platform that deeply integrates AI technology, merchants can make more than 30 operation scenarios such as product release, store decoration, and intelligent customer service simpler and more efficient, and complete product listing in as fast as 30 seconds. With the help of the AIGC content generation platform application "Jingdiandian", an ordinary merchant can efficiently and high-quality complete the generation of graphic content materials required for store operations.

At the beginning of 2024, JD Group's mission was upgraded to "Technology-based, making life better", creating greater value for society with the pursuit of technology and the goodwill of making life better. By the end of 2023, JD has created high-quality jobs for nearly 620,000 people. The total human resources expenditure for the whole year of 2023 reached 104.7 billion yuan. JD continues to support rural revitalization with the unique advantages of the supply chain. In October 2020, JD launched the "Penfuls Plan" for rural revitalization, and in June 2023, it completed the goal of driving more than 1 trillion yuan in rural output value in three years ahead of schedule. At the same time, it has built multiple "Penfuls Villages" across the country to help millions of farmers increase their income significantly.

(Source: Jimu News)

For more exciting information, please download the "Jimu News" client from the application market. Please do not reprint without authorization. You are welcome to provide news clues, and you will be paid once adopted.