Jing Ji Guan Cha Wang·2025-06-18 08:54Core Insights - Liu Qiangdong emphasizes that JD.com will innovate annually, moving away from the previous model of introducing a new business model every three years [2][6] - The company has launched six innovation projects, including stablecoins, and aims to maintain a focus on supply chain-related innovations [5][9] Business Strategy - JD.com has entered the food delivery market, with over 25 million daily orders and more than 120,000 full-time delivery personnel within just over 100 days of operation [4][11] - The company plans to differentiate its food delivery model from competitors like Meituan, focusing on the underlying fresh supply chain rather than just food sales [4][12] Organizational Changes - Liu Qiangdong has restructured JD.com's organizational framework, establishing a strategic execution committee to oversee key decisions [2][9] - The company is adopting a flatter organizational structure, allowing for more autonomy at the operational level while maintaining strategic oversight from upper management [2] Supply Chain Focus - JD.com’s business model is heavily centered around supply chain efficiency, with over 1,600 logistics centers and a self-operated product range exceeding 10 million items [13][14] - The company maintains a low retail cost structure, comparable to industry leaders like Costco and Amazon, with a retail cost of only 10% [14] Future Plans - JD.com is set to officially announce its entry into the hotel and travel sector, leveraging its supply chain capabilities to address high costs and inefficiencies in the industry [5][9] - The company aims to enhance customer experience through better product offerings, pricing, and services, all rooted in its supply chain strategy [9][10]