Ren Min Wang·2025-12-25 06:17Group 1 - The core viewpoint is that JD Fashion's instant delivery service is experiencing significant growth, with over 1,000 merchants onboarded by the end of 2025, and a year-on-year increase of over 150% in the number of physical stores [1][3] - JD Fashion's instant delivery service is expanding its supply layout in key categories such as apparel, sports, and beauty, leading to explosive growth and becoming an important channel for brands to reach consumers with trendy products [1] - Year-to-date, the transaction volume for outdoor sports brands has more than doubled compared to the previous year [1] Group 2 - During significant holiday periods, JD Fashion's instant delivery service has shown remarkable growth, with overall transaction volume for beauty and skincare products increasing by over 150% during the Qixi Festival in 2025 [3] - Specific categories such as perfumes, gift sets, and lipsticks saw growth exceeding four times, while international beauty brands experienced transaction volume growth of over six times [3] - JD Fashion plans to continue collaborating with more partners to enhance service and fulfillment capabilities, focusing on consumer pain points such as emergencies, seasonal changes, and gifting [3]