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Xu Lei, CEO of Jingdong retail group: 100 million new products and c2m products will be released in

On November 19, the 2019 Jingdong global technology Explorer conference was held today. Xu Leifa, CEO of Jingdong retail group, said, "Jingdong retail has become a typical technology driven retail company".

He pointed out that the retail industry has always been a benign interaction industry with the development of technology, especially the online retail industry, which is highly related to and even driven by technology. Therefore, through technology driven retail innovation, JD retail runs through the whole process of consumer shopping and drives the comprehensive upgrading of user experience.

Xu Lei revealed that compared with the traditional way, Jingdong c2m reduced the time of product demand research by 75% and the new product launch cycle by 67%. At present, JD has a relatively mature business model and development ability in the field of c2m reverse customization. In the next three years, JD will release 100 million new products and c2m products, of which more than 70% will be innovative.

Xu Lei pointed out that JD retail has the backstage performance ability that other platforms do not have, and can coordinate the commodity flow and information flow between JD and social channels, saving more than 50% of the operating cost on average. Behind this is JD retail's' intelligent performance decision-making brain 'in operation. At present, the system has the ability to process 50 million daily orders and 200 million daily peak orders, and has been opened to the third party.

In addition, in terms of technology investment, according to Xu Lei, there are more than one-third of the 30000 employees in Jingdong retail at present, and in the first three quarters of this year, the total R & D investment of listed and non listed enterprises of Jingdong system exceeded 13 billion yuan, far exceeding the 12 billion Yuan invested by Jingdong group in 2018, leaping to the highest level among Chinese enterprises One of the divisions.