Core Viewpoint - The strategic partnership between Farmer's Pouch Development Group and JD Technology Group aims to leverage their strengths in digital technology and industry resources to support the digital transformation of small and micro enterprises, enhance cloud supply chains, and promote rural revitalization, thereby injecting new momentum into the high-quality development of the real economy [1][14]. Group 1: Partnership Details - The signing ceremony was attended by key executives from both companies, including Farmer's Pouch Group's CEO Yuan Daohong and JD Technology Group's President Xu Feng, highlighting the collaborative nature of the agreement [3][11]. - The partnership will focus on creating innovative cooperation models that integrate JD's supply chain capabilities with Farmer's Pouch's community business resources to foster a new consumption ecosystem [6][9]. Group 2: Technological Capabilities - JD Group is recognized as a leading technology and service enterprise based on supply chains, with a robust digital infrastructure that supports over one million businesses through its cloud services [5]. - Farmer's Pouch Group has developed over 20 service platforms and eight categories of offline community smart business projects, aiming to lead the digital transformation of small and micro enterprises [5][8]. Group 3: Future Collaboration - The collaboration will explore global cooperation in areas such as cross-border trade, smart retail, and industrial internet, aiming to enhance the competitiveness of small and micro enterprises [9][14]. - Both companies emphasize a shared vision of "co-building, co-winning, sharing, and co-owning" to drive the deep integration of the digital economy with the real economy, contributing to rural revitalization and industrial upgrades [14].

Industry Overview - The circular economy in China is in a stage of comprehensive construction and high-quality development, with a market size projected to reach 46,366 billion yuan in 2024, representing a year-on-year growth of 13.71% [1][12] - The "14th Five-Year Plan" for circular economy development sets a target for resource recycling industry output to reach 5 trillion yuan by 2025, supported by policies such as tax incentives and financial subsidies [1][12] - Technological advancements, including AI sorting systems and blockchain traceability platforms, have reduced recycling costs by 40% and improved sorting accuracy to over 95% [1][12] Industry Development History - The development of China's circular economy has gone through three main stages: advocacy and initial practice (1990s-2003), national decision-making and comprehensive pilot projects (2004-2015), and comprehensive construction and high-quality development (2016-present) [4][5][6] Industry Chain - The upstream of the circular economy industry chain includes raw materials and equipment sourced from waste and natural resources, while the midstream focuses on processing and recycling, and the downstream involves resource recovery and second-hand trading [8] Market Size - The total amount of recycled resources in China is expected to reach 401 million tons in 2024, with a recycling value of 1.33 trillion yuan, driven by policies and technological innovations [10][12] Key Enterprises - Leading companies in the circular economy sector include China Resources Recycling Group, which has a comprehensive recovery network and processes over 10 million tons annually [14][16] - Other notable companies include Guangdong Bangpu Recycling Technology, which specializes in battery recycling with high recovery rates, and Beijing High Energy Environment Technology, focusing on industrial waste treatment [14][16][18] Industry Development Trends - Future growth in the circular economy will heavily rely on technological innovation, with AI and high-value recycling technologies becoming core focuses [20] - Policy support will continue to be a key driver for the industry, with government initiatives aimed at standardizing and scaling operations [22] - Increasing market demand, particularly in electronic waste recycling, will create new growth opportunities, with significant volumes of electronic waste generated annually [23]