Group 1 - The National Development and Reform Commission and the Ministry of Finance issued a notice on December 30, outlining the support scope, subsidy standards, and work requirements for the "Two New" policy to be implemented in 2026 [1] - Consumers purchasing energy-efficient home appliances such as refrigerators, washing machines, televisions, air conditioners, computers, and water heaters will receive a subsidy of 15% of the product's sales price, capped at 1,500 yuan per item, with a limit of one item per category per consumer [1] - For digital products like smartphones, tablets, smartwatches, and smart glasses, consumers will also receive a 15% subsidy on products priced under 6,000 yuan, with a similar cap of 500 yuan per item [1] Group 2 - Since the implementation of the "Two New" policy in 2024, JD has mobilized tens of thousands of employees across various departments to ensure the effective and equitable distribution of national subsidies [2] - JD offers a comprehensive service for old appliance recycling, including free pickup, disassembly, and transportation, along with a "three-free, four-unlimited" service model [2] - JD has established a digital system to ensure compliance and traceability of funds, optimizing its capabilities to prevent subsidy fraud and ensure that subsidies reach consumers safely [2] Group 3 - In 2026, consumers can access the "National Subsidy" on JD's dedicated platform, unlocking benefits for upgrading home appliances and smart digital products [3]

未来，京东校园前置仓模式将快速迭代。京东物流已与广东工商职业技术大学计划引入无人车进行校内 短驳，并筹备无人机配送试点，逐步构建"前置仓+无人车+无人机"的立体校园智能配送网络。 据了解，消费者下单后，"智狼"货到人系统会在近500平米的前置仓内精准定位商品，快速完成分拣与 打包，并放至前置仓。骑手取件后进入校区，最终送至消费者手中，整个过程最快10分钟。这一前置仓 不仅服务于校内师生，也实现周边5公里社区30分钟送达。 北京商报讯（记者 何倩）12月30日，北京商报记者从京东获悉，京东全国首个校园"智狼"前置仓已在 广东工商职业技术大学正式投入运营，完整打通从入库、存储、分拣到配送的全链路。 ...

Core Insights - The National Development and Reform Commission has officially announced the implementation of a large-scale equipment update and consumer goods replacement policy starting in 2026, detailing the support scope, subsidy standards, and work requirements [1] Group 1: Policy Implementation - Starting January 1, 2026, JD.com will fully implement national subsidies for consumers purchasing designated products such as refrigerators, washing machines, televisions, air conditioners, computers, and water heaters, with a maximum subsidy of 1,500 yuan per item [1] - Consumers can save up to 11,000 yuan cumulatively through these subsidies [1] - JD.com has prepared nearly 30,000 offline stores to support the subsidy rollout, ensuring accessibility for consumers [1] Group 2: Support for Rural Areas - To enhance the implementation of the replacement policy and boost rural consumption, JD.com plans to invest nearly 30 billion yuan by 2025 in subsidies, marketing, logistics, and service capacity for rural areas [2] - JD.com will provide additional recycling subsidies for old appliances and integrated services including free pickup, disassembly, and transportation [2] - The company aims to ensure a seamless experience for consumers by offering home delivery and activation services for digital products [2] Group 3: Financial Security and Consumer Confidence - JD.com employs a fully digital approach to ensure compliance and traceability of funds, enhancing the security of subsidies [2] - The company has developed specific risk control strategies for each region to prevent fraud and ensure that subsidies reach consumers safely [2] - The collaboration between policy and market is expected to enhance consumer satisfaction and boost market confidence [2]

京东宣布：2026年国家补贴来了！京东线上线下全面承接。2026年1月1日起，活动指定的冰箱、洗衣 机、电视、空调、电脑、热水器单件/单次至高补贴1500元。活动指定的手机、平板、智能手表手环、 智能眼镜产品单件/单次至高补贴500元单人累计至高可省11000元！线上，消费者打开京东APP搜索"国 家补贴"即可抵达会场。线下，全国近3万家京东MALL、京东电器城市旗舰店、京东之家以及京东家电 专卖店同步准备就绪。 ...

Core Viewpoint - JD Home Services has launched the largest training base in the home service industry in Wanzhou, Chongqing, focusing on high-standard elderly care training and innovative teaching methods [1][5]. Group 1: Training Base and Model - The newly opened Southwest Training Base covers an area of approximately 20,000 square meters and employs a "scenario-based teaching + accommodation integration" model for deep training [1][5]. - JD Home Services has established the industry's first three-tier training base model, connecting core bases in first-tier cities with regional centers and training stations in townships, achieving comprehensive coverage from large cities to rural areas [3]. Group 2: Training and Curriculum - The training program includes a full chain from recruitment to certification, focusing on elderly care talent development and introducing standardized, safe elderly care services [7][10]. - The curriculum for elderly care includes standard operating procedures for daily living assistance, health monitoring, emergency response, and psychological care for the elderly [10][13]. Group 3: Investment and Development - JD Home Services plans to invest 1 billion yuan in training over the next three years, aiming to build over 150 standardized training bases and a teaching team of 1,000 [1][15]. - The company has already trained and supplied 100,000 professional home service talents to the industry, with an average income for its cleaners being 20% higher than the industry average [14][16]. Group 4: Future Plans and Goals - JD Home Services aims to gradually introduce diversified elderly care service products, including assistance with bathing, short-term care, and long-term live-in care, while cultivating professionals with comprehensive care capabilities [13][16]. - The company emphasizes the importance of standardized training and digital empowerment to promote professionalism and fairness in the home service industry, striving for a "win-win" situation for both service providers and clients [16].

Core Insights - In 2025, JD's discount shopping brand Jingxi achieved a tenfold increase in transaction volume, serving over 400 million users cumulatively [1][2] - Jingxi's self-operated model deepened connections with over 260 industrial belts, with nearly 100 enterprises achieving annual sales exceeding 1 million orders [1][3] - To combat price wars in the low-cost e-commerce sector, Jingxi introduced six new business initiatives aimed at creating sustainable growth paths for merchants [1][3] Group 1: Performance Metrics - Jingxi's self-operated segment reported a transaction volume growth of 10 times year-on-year, contributing 150 million new users to JD [2][3] - The number of merchants on Jingxi's platform exceeded 1.35 million, with order volume increasing by 50% and transaction volume by 40% year-on-year [1][2] - Five major provinces saw order volumes surpass 100 million, with Zhejiang's orders exceeding 300 million and some provinces experiencing up to 400% year-on-year growth [3][4] Group 2: Business Strategies - Jingxi's focus on direct factory sales and quality selection helped eliminate middlemen, reducing prices and addressing market issues like false advertising [2][3] - The introduction of the "export to domestic sales" initiative led to over 2,000 foreign trade factories successfully entering the domestic market, with order volumes tripling to 180 million [4][5] - Jingxi's support for industrial belt factories includes comprehensive assistance in product selection, operations, marketing, logistics, and after-sales service [2][5] Group 3: Product Categories and Growth - Jingxi's core product categories, including fresh produce, household cleaning products, and home appliances, saw significant year-on-year transaction volume increases, with furniture sales growing by 23 times [3][6] - The brand's commitment to long-term growth is evident in its support for quality manufacturers, helping them transition from "goods without brands" to recognized brands [5][6] - In 2026, Jingxi aims to add 150 million new users and expand its product offerings to 3 million items, enhancing consumer choices for high-quality, cost-effective products [6]

Core Insights - The article highlights that JD's government and enterprise business won the first prize in the "Outstanding Achievements in China's Enterprise Reform and Development" evaluation, showcasing its innovative practices in digital transformation and supply chain integration [1][3]. Group 1: Award Recognition - JD's submission titled "Digital Intelligence-Driven 'Business-Purchase Integration' System Innovation and Practice" was selected from 716 entries, marking it as the only private enterprise to receive the top award [1][3]. - The award is recognized as a significant annual evaluation in the field of enterprise reform, supported by various government bodies, aiming to promote exemplary experiences and models in reform and innovation [3]. Group 2: Concept of "Business-Purchase Integration" - The concept of "Business-Purchase Integration" aims to eliminate barriers between business and procurement systems, transforming procurement from a cost center to a strategic value center [4]. - This new management model emphasizes deep collaboration between procurement and core business functions, integrating information flow, business flow, logistics, and capital flow [4]. Group 3: Industry Impact and Implementation - JD's government and enterprise business has effectively implemented the "Business-Purchase Integration" concept across various key industries, collaborating with major state-owned and growing enterprises [7]. - In the automotive sector, JD partnered with Chang'an Automobile to create customized, intelligent procurement solutions, enhancing procurement and business integration [7]. - In the mining sector, JD provided a tailored solution for the international mining company Jinchengxin, integrating complex project procurement with a unified digital procurement platform, significantly improving operational efficiency [8]. Group 4: Market Trends and Future Prospects - The digital procurement market is experiencing robust growth, with a projected total of 21.7 trillion yuan in 2024, reflecting a 16.2% year-on-year increase and a rise in digital penetration from 5.3% in 2017 to 11.5% in 2024 [8]. - JD has served over 8 million government and enterprise clients, including more than 30,000 large clients, covering over 90% of the Fortune Global 500 companies in China [8].

Core Insights - In 2025, JD's discount shopping brand Jingxi achieved a tenfold increase in transaction volume, serving over 400 million users cumulatively over two years [1][5][15] - Jingxi has deepened its connections with over 260 industrial belts nationwide, with nearly 100 enterprises achieving annual sales exceeding 1 million orders [1][7] - To combat price wars in the low-cost e-commerce sector, Jingxi upgraded its business model, introducing six new initiatives aimed at sustainable growth for merchants [1][9] Group 1: Performance Metrics - Jingxi's self-operated segment reported a tenfold year-on-year increase in transaction volume, reflecting strong growth momentum [5] - The number of merchants on Jingxi's platform exceeded 2 million, with over 20,000 merchants experiencing a doubling of order volume [11][13] - In 2025, five major provinces saw order volumes surpass 100 million, with Zhejiang's orders exceeding 300 million and some provinces experiencing up to a fourfold year-on-year growth [7] Group 2: Business Strategies - Jingxi's new business directions include export-to-domestic sales, brand partnerships, and quality selection, aimed at providing a stable growth path for industrial belt merchants [1][10] - The platform has supported over 2,000 foreign trade factories in entering the domestic market, resulting in 180 million orders, a threefold increase year-on-year [10] - Jingxi's focus on high-quality, cost-effective products aligns with consumer demand, leading to significant sales increases across various categories, including furniture and baby products [7][15] Group 3: Future Outlook - In 2026, Jingxi aims to continue reinforcing its brand identity as a provider of affordable, high-quality products, targeting an additional 150 million new users and expanding its product offerings to 3 million [4][15] - The platform's long-term strategy emphasizes sustainable profit growth for merchants, as demonstrated by the success of specific products like the螺蛳粉, which saw significant sales and profit improvements [15]

Group 1 - JD.com is launching its New Year Shopping Season on December 31 at 8 PM, featuring various promotional events across multiple product categories including electronics, beauty, food, and apparel [1] - The Super Flash Sale Day will coincide with the New Year Shopping Season, offering discounts as low as 10% on popular products such as renowned liquor brands and premium food items, expected to drive significant consumer engagement [2] - The JD PLUS Member Annual Gala on January 7 will offer exclusive deals, including a "buy 1 get 5" super co-branded card valued over 1,000 yuan for a limited time price of 298 yuan, along with additional benefits for members [2] Group 2 - JD.com is the exclusive title sponsor of the 2025-2026 Hunan TV New Year's Eve Concert, enhancing its promotional strategy with multiple giveaways and a total of 1 billion yuan in red envelopes for participants [3] - The concert will feature numerous celebrities and hosts, providing entertainment while engaging consumers through the JD app for interactive participation and prize distribution [3] - Prizes include high-value items such as cars, gourmet food, and electronics, with a total of 2026 prizes available, aimed at maximizing consumer excitement and participation [4]

Group 1 - In 2025, 75.6% of consumers will choose nutritional health products for themselves and their families, indicating a shift towards proactive health management [1][2] - The demand for nutritional supplements is becoming more precise, with consumers focusing on core ingredient efficacy and specific health needs [1][2] - The market for nutritional health products is expected to grow significantly, with a 67% year-on-year increase in product offerings on platforms like JD Health [2][3] Group 2 - Key nutritional products include Vitamin D, fish oil, glucosamine, lutein, and milk thistle extract, which are aligned with major health concerns such as immune support and joint health [2][3] - The consumer base for fish oil is expanding, with 51% of consumers purchasing fish oil products, and high purity Omega-3 becoming a primary consideration [4][6] - The growth of glucosamine products is notable, with a 214% increase in product offerings on JD Health, reflecting a broader demographic interest in joint health [20][23] Group 3 - Vitamin D products are seeing a 149% increase in sales, driven by awareness of its importance for various demographics, particularly among young office workers [15][16] - The market for milk thistle extract is growing, with over 80% of consumers focusing on liver health, particularly among those with high-stress lifestyles [28][31] - Lutein products are primarily targeted at school-age children, with a focus on protecting eye health amid increased screen time [36][37]