Jingdong Xu Lei: Jingdong Technology Investment In The First Three Quarters Has Exceeded 13 Billion Yuan

2019 the Jingdong Conference on global technology explorers opened yesterday at the new China International Exhibition Centre. Jingdong retail group CEO Xu Lei said in the speech that in the first three quarters of this year, the total amount of R & D investment of Jingdong system listed and non listed enterprises exceeded 13 billion yuan, far exceeding the 12 billion yuan invested by Jingdong group in 2018, the number of patents increased by 3407, and the number of R & D reached 18 thousand.

Xu Lei pointed out that the retail industry has always been a benign interaction with technology development industry, especially online retailing, which is highly related to technology and even technology driven. Therefore, Jingdong retail technology driven retail innovation, through the whole process of consumer shopping, led to a comprehensive upgrading of user experience.

According to its introduction, Jingdong has already had a relatively business model and development capability in the field of C2M. In the next 3 years, Jingdong will provide more than 100 million new products and C2M products, of which more than 70% of innovative products will be produced.

Xu Lei also pointed out that Jingdong retail has the ability of backstage performance without other platforms, which can co-ordinate the flow of goods and information between Jingdong and social channels, and save an average of more than 50% of the operating cost. Behind this is the brain of Jingdong's "intelligent implementation decision" in operation. At present, the system has the ability to handle 50 million single daily and 200 million peak daily peaks, and has been open to third parties.

In his speech, Xu Lei introduced an example of a natural selection project. He said that with the help of Jingdong intelligent decision making brain, orders would be directly sent to the system to calculate the comprehensive factors with better solutions, so as to achieve the fastest 15 minutes door-to-door experience. Xu Lei also revealed that the goal of future natural selection projects is to achieve 100 billion scale transactions.

In addition, according to the introduction, in order to enable consumers to buy low-priced products, Jingdong retail also introduced the price health management mechanism and technology model. It is the first platform to control prices by adopting big data and AI technology. The system can monitor the prices of Jingdong stations in real time, and intercept unhealthy prices such as high price and frequent price changes.

At the end of the speech, Xu Lei said that in the future, Jingdong will accelerate its development towards intellectualization based on digitalization, and trust based and customer centered value creation as a friendly trading platform based on supply chain.

According to relevant media, Jingdong group's Jingdong retail, Jingdong digital technology and Jingdong logistics three big group business this year for the first time this year focused on the global conference of technology explorers. Jingdong digital technology group CEO Chen Shengqiang, Jingdong retail group CEO Xu Lei, Jingdong logistics group CEO Wang Zhenhui also welcomed the 2019 winter Davos forum after another stage.