JD Supply Chain Financial Technology Releases "Four Integrations" Strategic Direction

On October 25th, the 2023 JD Supply Chain Financial Technology Conference was held in Beijing. At the meeting, JD Technology released the strategic direction of "four integrations" of supply chain finance technology, namely "infield+outfield", "technology+finance", "upstream+downstream", and "B-end+C-end" integration

On October 25th, the 2023 JD Supply Chain Financial Technology Conference was held in Beijing. At the meeting, JD Technology released the strategic direction of "four integrations" of supply chain finance technology, namely "infield+outfield", "technology+finance", "upstream+downstream", and "B-end+C-end" integration. Looking forward to the next 10 years, JD Supply Chain Finance Technology will continue to provide products and services for the physical industry, including supply chain finance, payment technology, and consumer finance, promoting the integration and development of the industrial internet and consumer internet, and helping the physical industry build high-quality production capacity.

Based on the strategic direction of "four integrations", JD Supply Chain Financial Technology has also launched multiple products such as JD Enterprise Finance App, providing more comprehensive and high-quality services to hundreds of core enterprises, as well as millions of small and micro enterprises upstream and downstream of the industrial chain.

It is understood that JD Supply Chain Financial Technology has been serving JD's internal business since 2013, with a history of 10 years. As of now, it has established a complete full chain, full scenario product system and operation system. For example, Jingbaobei serves as a self operated supplier to assist it in better stocking and shipping; Logistics finance assists merchants in obtaining financing support during the warehousing stage; Jingxiaodai serves JD POP merchants to facilitate their access to financing; Enterprise gold mining meets the settlement and flexible accounting requirements of various enterprise procurement processes; Payment technology and digital RMB provide payment and settlement services for JD and all merchants; Consumer finance provides businesses with a series of growth services such as expanding user volume, increasing user stickiness, increasing customer unit price, and comprehensive sales.

In the current hot "JD 11.11" activity, JD Supply Chain Financial Technology has launched an independent JD Enterprise Finance App, which aggregates full chain products and provides "multiple, fast, good, and provincial" financing services to industry partners, including small and medium-sized enterprises. For example, upgrading Jingbaobei's new non recourse model to help merchants quickly recover sales funds; Jingxiaodai has launched a large credit loan service for its top customers, with a maximum credit limit of up to 10 million yuan; The introduction of external third-party cooperative warehouses in movable property financing has enabled goods to be "loaned upon entry" in third-party logistics warehouses, further expanding service coverage.

In response, the head of JD Technology's Financial Technology Business Unit stated that with the increasing interdependence between upstream and downstream enterprises in the supply chain, the digitization of business processes, the interweaving of different industrial chains becoming more complex, and the supply chain becoming more responsive to changes in market demand, the supply chain financial ecosystem has also entered the next decade of golden development. At the same time, the demand for supply chain finance technology from various industries is also changing. How to leverage multiple ecological forces to achieve supply chain finance with "more transparent service links, more specialized industry insights, more connected platform links, and more refined platform operations", fully coordinating the "limited supply" on the finance and technology side with the "unlimited demand" on the industry side, is precisely the opportunity for JD Supply Chain Finance Technology to innovate and develop in the new situation.

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