券商中国·2025-07-22 02:40Core Viewpoint - JD.com has made significant investments in three robotics companies, indicating its ambition in the robotics sector and its focus on integrating technology into supply chain applications [1][5]. Investment Details - JD.com invested in three robotics companies: Qianxun Intelligent, Zhujidongli, and Zhongqing Robotics, with Qianxun completing a 600 million yuan Pre-A+ round led by JD.com [2][4]. - Zhujidongli completed a new financing round with JD.com as the strategic lead investor, aiming to deepen collaboration in retail, logistics, and services [3]. - Zhongqing Robotics completed two financing rounds, with JD.com leading the A1 round [4]. Strategic Focus - JD.com emphasizes the importance of embodied intelligence and large models, focusing on supply chain scenarios to drive innovation [5]. - The company has established an internal department for embodied intelligence and appointed a former SenseTime VP to lead the project, exploring the feasibility of embodied intelligence applications [5]. Market Competition - Major companies like Meituan, Alibaba, and Ant Group are also investing in robotics, indicating a competitive landscape [6]. - Meituan led a $122 million investment in TARS and has previously invested in several other robotics companies [6]. - Alibaba and Ant Group have also made investments in various robotics firms, including those that JD.com is involved with [6]. Business Implications - The growing interest in robotics is driven by the need for business empowerment, particularly in sorting and last-mile delivery, as well as the aging population and the push for cost reduction [7]. - JD.com has listed various retail robots on its platform, aiming to become a leading sales platform for home robots, leveraging its strengths in electronics logistics and after-sales service [8].