蔡淑敏/摄 京东物流四年多时间内三度更换CEO背后，公司上市以来在资本市场的表现并不如意——2021年5月上市时，京东物流发行价为40.36港元/股，截至11月 13日收盘，股价为12.90港元/股，距离发行价已经跌去68%。 近年来，京东对物流资产进行了诸多整合动作，收购了跨越速运、德邦股份，并私有化旗下即时配送达达。在三季度，为加强业务协同，京东物流以 2.7亿美元从京东集团收购了达达100%股权。 刘强东对京东物流也给予厚望，在11月7日的世界互联网大会乌镇峰会上，刘强东在演讲中表示，未来5年内整个中国的社会化物流成本占GDP的比重将 有明显下降。对于京东物流，刘强东提到了数字化仓库、无人卡车、无人配送站等科技创新。 京东物流再度换帅。 11月13日晚间，京东物流披露三季报，第三季度营收550.8亿元人民币，同比增长24.1%，其中来自京东集团的收入212.0亿元人民币，同比增长66%。第 三季度净利润20.3亿元人民币，同比下降7.9%。 披露业绩的同时，京东物流发布公告称，董事会宣布胡伟已辞任执行董事、首席执行官及授权代表，自2025年11月13日起生效，原因是他将在京东集团 担任其他职务。同时，王 ...

Core Viewpoint - JD Logistics has achieved significant technological advancements in automation over the past decade, leading to the upcoming launch of the world's first fully unmanned delivery station by April next year [2][4]. Group 1: Logistics Development - JD began building its logistics system in 2007, focusing on warehousing and delivery, and has established over 3,600 warehouses nationwide by June 2025, employing more than 660,000 frontline workers [3]. - The company aims to reduce China's social logistics costs from over 14% of GDP to below 10% within five years, potentially saving enterprises trillions of yuan in net profits annually [3][4]. Group 2: Automation and Technology - JD Logistics has tested unmanned trucks for over 700,000 kilometers internally, and solutions for the "last mile" delivery have exceeded several million kilometers [4]. - The company 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 [4]. Group 3: Employment and New Opportunities - Automation is expected to alleviate the physical workload of employees, allowing them to work in more comfortable conditions, while also creating new job opportunities in monitoring and maintenance of automated systems [5]. - The development of technology is anticipated to generate new demands and services, with projections of a tenfold growth in the global tourism market over the next five years, leading to the creation of numerous new professions [5].

Core Insights - The World Internet Conference in Wuzhen opened on November 7, 2025, where JD Group's founder Liu Qiangdong announced plans to establish the world's first unmanned delivery station by April next year, collaborating with multiple robotics companies [1][3] - Liu highlighted that in 2006, China's social logistics costs accounted for over 18% of the national GDP, compared to 6%-8% in Europe and the US, indicating a significant inefficiency in logistics that affects corporate profits and contributes to resource waste and environmental pollution [3] - He projected that reducing China's logistics cost ratio to 6% could yield trillions in net profit for companies annually, fostering technological advancement and improving employee income and economic growth in a positive cycle [3] - Liu anticipates that within the next five years, China's logistics cost as a percentage of GDP could drop below 10%, with advancements in this period potentially surpassing those of the past decade [3] - JD Logistics has been experimenting with unmanned warehouses for over a decade, and the next challenge is to resolve battery issues, with the expectation that the mass production of high-density solid-state batteries will trigger a second wave of rapid growth in robotics and drone industries [3] - Addressing concerns about AI's impact on employment, Liu asserted that robots will liberate humans from repetitive tasks, significantly enhancing work efficiency and creating new demands and job opportunities, suggesting that future employees may only need to work one day a week or even just an hour [3]

Core Insights - The introduction of high-density solid-state batteries is expected to drive rapid growth in industries such as robotics and drones [1] - JD Logistics has achieved significant advancements in automation over the past decade, with plans to establish the world's first fully automated delivery station by April next year [2][3] - JD 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] Group 1 - JD's unmanned warehouse has been developed with extensive logistics automation capabilities, allowing for large-scale deployment and simplified operations [2] - The upcoming fully automated delivery station will feature drones and unmanned delivery vehicles, all operated by robots for loading and unloading [3] - The company believes that automation will not conflict with employment, as it will reduce labor intensity and create new job opportunities in technology and service sectors [3] Group 2 - JD's entry into the logistics sector was driven by high logistics costs, primarily due to disorganized movement of goods [4] - The company aims to reduce logistics costs in China from over 14% of GDP to below 10% within five years by minimizing handling and transportation distances [4]

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 Insights - Liu Qiangdong's return to the World Internet Conference signals a strong comeback for him in the internet sector after a low-profile period following an incident in 2018 [3][4] - His speech emphasized the future of logistics through automation and the potential for a significant reduction in logistics costs, which could enhance corporate profits and employee wages, thereby boosting consumer confidence and improving the economic structure [4][5] Group 1: Liu Qiangdong's Vision - Liu Qiangdong articulated a vision for "unmanned delivery" as the future of social logistics, with plans for the world's first fully unmanned delivery station to be operational by April next year [4][14] - He highlighted that reducing logistics costs from 14.1% to 6% of GDP could lead to substantial net profit increases for companies, which would in turn foster technological advancements and better employee compensation [11][12] Group 2: Strategic Moves by JD.com - JD.com has been actively expanding into new markets, including food delivery and the hospitality sector, indicating a shift from its traditional e-commerce platform image [6][8] - The company is investing heavily in robotics and AI technologies, aiming for a comprehensive layout in the robotics sector, which includes partnerships with various robotics companies [6][8] Group 3: Challenges and Considerations - The transition to unmanned logistics raises several challenges, including the need for advancements in solid-state battery production, safety regulations for autonomous vehicles, and user privacy concerns [8][12] - Liu Qiangdong's proposals for a reduced workweek and increased taxation on monopolistic tech companies to address social equity issues reflect a broader vision for the future of work and economic distribution [5][15]