Core Viewpoint - Liu Qiangdong, the founder and chairman of JD Group, emphasizes the significant reduction of social logistics costs in China, projecting it to drop below 10% of GDP within the next five years due to advancements in artificial intelligence and robotics [4][5][6]. Group 1: Logistics Cost Reduction - The proportion of social logistics costs in China's GDP was over 18% in 2006, compared to 6%-8% in developed countries, indicating a substantial gap [6][7]. - In 2022, China's social logistics costs were reported at 14.1%, and reducing this to 6% could save enterprises trillions of yuan in net profits annually [7][8]. - Liu Qiangdong believes that the progress in reducing logistics costs in the next five years may surpass that of the past 10 to 15 years [8]. Group 2: Technological Advancements in Logistics - JD Logistics has made significant technological advancements, including automated warehouses and testing of unmanned vehicles, with over 700,000 kilometers of testing completed for unmanned trucks [8][9]. - By April next year, JD plans to establish the world's first fully unmanned distribution station, featuring drones and automated delivery vehicles [8][9]. - The company aims to procure 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its logistics supply chain [9]. Group 3: Employment and New Opportunities - Automation is expected to reduce the workload of employees significantly, with the possibility of them working only one day or even one hour a week in the future [8][9]. - The development of new technologies will create numerous job opportunities, as JD emphasizes modular design in its equipment to facilitate easy training for employees [9]. - Liu Qiangdong anticipates a tenfold growth in the global tourism market over the next five years, which will also generate new professions [9].

Core Viewpoint - JD Logistics has achieved warehouse automation through 10 years of technological accumulation, with plans to establish the world's first fully automated delivery station by April next year [1][3]. Group 1: Technological Advancements - JD Logistics has successfully implemented warehouse automation, with over 700,000 kilometers of internal testing for unmanned trucks and millions of kilometers for last-mile delivery vehicles [3]. - The company plans to purchase 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its logistics supply chain [3][4]. - The development of high-density solid-state batteries is expected to trigger a new wave of growth in the robotics and drone industries [3]. Group 2: Employment and Job Creation - Automation will not conflict with employment; instead, it will free workers from heavy labor and create new job opportunities [1][4]. - Future employees may only need to work one day a week or even just one hour, as automation reduces the physical demands of their roles [3][4]. - The development of technology will lead to new demands and services, potentially increasing the global tourism market tenfold in the next five years [4]. Group 3: Logistics Cost Reduction - JD's entry into the logistics sector aimed to reduce China's social logistics costs, which were significantly higher than those in developed countries due to disorganized cargo movement [6][7]. - The company believes that social logistics costs as a percentage of GDP can decrease from over 14% to below 10% within five years, saving enterprises trillions of yuan in net profits annually [6][7][8]. - In 2007, the logistics cost in China was over 18% of GDP, compared to 6-8% in Europe and under 6% in Japan, indicating a significant inefficiency in the logistics sector [6][8].

Core Viewpoint - The discussion around imposing a "windfall tax" on technology monopolies is gaining traction, with calls for such taxes to be used for public welfare, including education and pensions [2] Group 1: Windfall Tax Concept - Windfall tax is a tax levied on excess or unexpected profits, aimed at companies that meet specific government criteria [2] - Historically, windfall taxes have been applied primarily in the energy sector, such as the oil windfall tax, which is linked to the income and profit levels of oil companies [3] Group 2: Implications for Technology Companies - The imposition of a windfall tax on technology monopolies could potentially impact their development incentives and market dynamics, necessitating careful analysis before implementation [3] - The tax rate should not be excessively high to avoid continuous shocks to the industry, especially as technology is seen as a core driver of future productivity [3] Group 3: Global Context and Precedents - The European Union has previously announced a windfall tax on energy companies to address soaring energy prices, while China has implemented a special revenue tax on oil companies since 2006 [4] - The U.S. introduced the Oil Windfall Profit Tax Act in 1980, which imposed a tax rate between 30% and 70% on oil companies during periods of high oil prices, later repealed in 1989 [3][4]

Core Insights - JD Group is set to establish its first fully automated delivery station by April next year, which will utilize drones and autonomous delivery vehicles, showcasing the company's commitment to advancing logistics through technology [1] - The founder of JD Group, Liu Qiangdong, predicts that the social logistics cost in China could drop to below 10% of GDP within the next five years, significantly reducing logistics costs compared to developed countries [1][2] - JD Logistics plans to procure 3 million robots, 1 million autonomous vehicles, and 100,000 drones over the next five years to enhance its logistics supply chain [1] Industry Impact - In 2022, China's social logistics cost was 14.1%, and reducing this to 6% could save enterprises trillions in net profits annually, fostering technological advancement and improving employee wages [2] - The anticipated reduction in logistics costs is expected to create a positive economic cycle, benefiting various sectors and contributing to overall economic growth [2] - The advancements in AI and robotics are projected to accelerate the progress in logistics efficiency over the next five years, potentially surpassing the improvements made in the previous decade [2]

此外，京东外卖创新爆品包销模式，以差异化战略带动行业增长，11月7日立冬当日，甄选大牌包销爆 品开售8小时热销超650万份。 北京商报讯（记者 何倩）11月7日，京东外卖公布首份京东"双11"战报：开门红以来，合作的TOP300餐 饮品牌日均订单量较外卖上线首月增长13倍。据了解，京东外卖联合百大餐饮品牌、超200万品质餐厅 首次参与京东"双11"，打造"请客吃外卖，爆品9块9"百亿补贴商家流量扶持活动。 ...

明年4月，京东物流计划建成全球第一个无人配送站。 11月7日，在2025年世界互联网大会乌镇峰会开幕式上，京东集团创始人、京东集团董事局主席刘强东 发表了9分钟时长的演讲，其中，刘强东用了4分钟讲述京东物流在无人设备和人工智能上的规划。 四川一快递网点负责人此前对第一财经记者表示，目前无人车从一级网点运输到二级网点每票的使用成 本约为0.06元，相较于人力配送的成本降低了0.1元。 刘强东表示，随着人工智能和机器人时代的到来，他坚信未来5年之内整个中国的社会化物流成本占 GDP的比重能降到10%以内，"也就是未来5年的进度可能会超过过去10年、甚至15年的进度。" 他也介绍了京东物流在无人化方面的进展。京东物流的无人仓经过10年的技术积累，大量的物流自动化 设备已经具备了进行规模部署、简易化操作的能力。 明年4月，京东物流计划建成全球第一个无人配送站。刘强东给出了详细的构想："这是一个源头性的建 设，上面几辆无人机，下面全部是无人配送小车，里面是机械臂，对无人机、无人车的货物装载全由机 器人完成。" 刘强东和京东物流为什么如此重视无人设备的应用？ 一方面，无人车正在加速规模化落地。《2024-2025 年中国 ...

京东工业股份有限公司（以下简称：京东工业）已于2025年9月28日第四次向港交所递表。招股书介绍，京东工业为国内领先的工业供应链技术与服务提 供商，2024年，公司收入和年度净利分别为203.98亿元和7.62亿元。按2024年交易额统计，公司市场份额为4.1%，排名第一。 招股书引用灼识咨询行业报告数据称，2022年至2024年，中国工业供应链技术与服务市场规模（按交易额计）分别为0.5万亿元、0.6万亿元和0.7万亿元。 由此可算出，行业市场规模的年化复合增长率约18%。 同期，京东工业交易额分别为223亿元、261亿元和288亿元，年化复合增长率为13.5%，不及行业增速。 京东工业是京东集团（09618.HK）下属子公司。在分拆上市案例中，独立性尤其值得关注。 京东工业已第四次向港交所递表。作为京东集团的子公司，京东工业对京东集团存在一定依赖，与集团下属其他公司联系方式混同，关联交易信披差异巨 大，独立性和信披质量都值得投资者关注。 来源：摄图网 约四成收入来自京东集团平台，工商联系方式混同 京东集团招股书显示，京东世纪为京东集团下属二级全资子公司，由JD. com International Lim ...

Group 1: Key Insights from Liu Qiangdong's Speech - Liu Qiangdong emphasized the positive impact of robots on employment, suggesting that technology will free humans from tedious tasks and create new demands, services, and jobs, potentially reducing work hours significantly in the future [1] - He announced that JD Logistics will establish the world's first unmanned delivery station by April next year, featuring drones, unmanned vehicles, and robotic arms for cargo handling [1] - JD Logistics plans to procure 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its logistics supply chain [1] Group 2: Market Growth and Trends - Morgan Stanley's report forecasts that China's robot market will grow from $47 billion in 2024 to $108 billion by 2028, with a compound annual growth rate (CAGR) of 23% [2] - Drones, mobile robots, and collaborative robots are expected to be the main growth drivers, with respective CAGRs of 20%, 35%, and 46% [2] - Solid-state batteries are crucial for the growth of robots and drones, offering higher energy density and safety, although challenges remain in achieving mass production due to low yield rates and immature supply chains [2] Group 3: Logistics Cost Insights - Liu Qiangdong highlighted that China's social logistics costs were over 18% of GDP in 2006, compared to 6%-8% in developed countries, indicating significant inefficiencies and resource wastage [3] - In 2022, China's social logistics costs were reported at 14.1%, and reducing this to 6% could save enterprises trillions in net profits annually, fostering technological advancement and better employee compensation [3] - The company predicts that with advancements in AI and robotics, China's logistics costs as a percentage of GDP could drop below 10% within the next five years, potentially accelerating progress compared to the past decade [3]

2025年双11期间，美妆消费呈现显著的功效与成分导向。经济观察报双11发布的消费调研报告显 示，"参数"消费成为服饰美妆购物新趋势，超九成消费者关注护肤品成分，近六成人注重功效。为购买 真实、安全、科学的功效型美妆产品，82%的消费者重视渠道供应链正规性，90.8%的受访者将京东选 为更靠谱的美妆护肤正品保障平台，93.6%的消费者在购买高端美妆时首选京东，认为其正品保障、配 送、售后等优于淘宝、天猫等其他平台。 成分成为美妆消费者决策的核心因素。调研表明，超过九成消费者会关注护肤品成分，50.7%会根据成 分对同类产品进行二次优选。59%消费者会依据自身肤质选择适合的成分。在经典成分认知度方 面，"玻尿酸""胶原蛋白""烟酰胺"分别被66.8%、61.9%和57.3%的消费者熟知。调研还显示，近六成人 在购买美妆护肤产品时会主要看功效，补水保湿、抗老淡纹成为两大护肤核心诉求。 | 近六成人购买美妆护肤产品主要看功效,补水保湿、抗老淡纹 | | --- | | 是两大核心诉求 | | 在购买美妆护肤产品时,你主要看什么?(多选) | | 看成分,选核心自效应分 看品牌, 选知名度高、市场 规游致敬成分 日限 ...

11月7日当天，这款发财鲅鱼饺子将在京东1元起拍。一同参与拍卖的，还有京东采销深入全球产地源 头、寻觅到的数十款珍稀美味生鲜。 随着京东11.11全球好物购物节进入高潮阶段，11月7日立冬当天，京东开启"暖暖惊喜日"活动，"全国仅 千头"的新疆有机熊猫牛、"马拉松羊"内蒙古苏尼特全羊、8斤重的"水底寿星"汉寿甲鱼等稀缺好物均1 元起拍，同时，京东生鲜用户票选出12味火锅"地图"，更有水饺、汤圆等上千款面点低至4折等惊喜福 利。这个立冬，京东以一场围绕冬日美食的深度让利与互动盛宴，将节气仪式感转化为实实在在的消费 福利，和消费者一同奔赴一场温暖的冬日之约。 发财鲅鱼饺子、有机熊猫牛1元起拍，臻享珍稀食材的魅力 对许多人来说，立冬的仪式感，从一碗饺子开始。但你见过单只100克、比手掌还大的饺子吗？要知 道，普通饺子一只才15g，而胶东特色清真大鲅鱼饺子，单只就有100g，一个相当于7个小饺子，馅含量 高达65%，一口下去满是鲅鱼的鲜香。 比如，生长在新疆赛里木湖旁的天莱香牛有机熊猫牛，目前全国仅上千头存栏，不对外售卖，胴体重 230kg，肉质瘦而不柴、香而不腻，立冬当天17点，1元起拍，还送免费的新疆赛里木湖双人 ...