On March 1st, the signing ceremony of the strategic cooperation agreement between JD Group and JD Technology Group was held at JD headquarters in Beijing. JD Group CEO Xu Ran and JD Technology Group Chairman Chen Yanshun attended the ceremony and witnessed the signing of the contract. JD Technology Group President Gao Wenbao and JD Group Executive Vice President Wang Peinuan signed a strategic cooperation framework agreement on behalf of both parties, and the relevant responsible persons of both parties signed a specific business cooperation agreement.
JD Group CEO Xu Ran stated that this strategic signing marks a qualitative leap in the long-term cooperation between the two sides. As a leading technology and service enterprise based on the supply chain, JD Group has a huge user base, channel advantages, and digital service capabilities. As a global semiconductor display industry leader and a leading innovative enterprise in the Internet of Things, JD Group has rich and huge industrial resources in the fields of display, sensing, and the Internet of Things. This signing will fully leverage the advantages of both parties, jointly promote industrial digital transformation and high-value development, and inject new momentum into the innovation and upgrading of China's physical industry and the high-quality development of the real economy.
Chen Yanshun, Chairman of BOE Technology Group, stated that currently, technological innovation has spurred the emergence of new industries, new models, and new driving forces. The new generation of digital technology has become an important engine for innovation, upgrading, and high-quality development of physical industries. BOE Technology Group and JD Group, as leading enterprises in promoting industrial innovation, have had deep cooperation in many fields such as innovative technology research and development, industry standard construction, business model innovation, and industrial ecological construction for many years. This strategic signing is a comprehensive expansion and deepening of the cooperation relationship between the two sides, which will jointly promote the transformation and upgrading of industrial digitization and innovative high-value growth, injecting surging momentum into the high-quality development of China's physical industries.
According to the agreement, both parties will focus on in-depth cooperation in areas such as digital social supply chain, smart warehousing logistics, employee welfare, medical and health, and insurance based on their respective resource endowments and business advantages.
In the field of supply chain, JD Industrial will provide JD with various service capabilities covering top-level design and consulting, digital procurement platform, SRM platform construction, and one-stop product supply through the Taipu Smart Supply Chain Solution, adapting to JD's demand for digital upgrading and transformation of the supply chain, and helping JD further achieve cost reduction, efficiency improvement, and intelligent upgrading of production and operation.
In the field of smart warehousing and logistics, JD Logistics will rely on its experience and capabilities in improving domestic and international warehouse network layout, logistics management services, logistics technology strength, and other aspects to provide high-quality domestic and international warehousing, trunk transportation, and express logistics services for JD. Together, we will create a smart, automated, and digital smart warehousing construction and operation service system.
At the same time, both sides will actively explore and cooperate extensively in various aspects such as smart terminals, medical and health insurance, corporate welfare, smart office, and social welfare, to promote mutual promotion and win-win results.
As a new type of physical enterprise with both physical attributes and digital technology capabilities in their respective industries, JD.com and JD.com have previously been successfully selected for the "Top 100 New Physical Enterprises" list. This further strategic cooperation between the two sides is expected to inject new impetus into the deep integration of digital technology and the real economy in China, becoming a specific practical model for the high-quality development of the real economy.
BOE is a leading semiconductor display company and an innovative enterprise in the Internet of Things. One out of every four display screens in the world comes from BOE, and its shipment volume in multiple mainstream LCD display application fields such as mobile phones, tablets, and laptops has been consistently ranked first in the world for many years. The overall shipment volume and shipment area of display devices have been ranked first in the world for many consecutive years; In terms of technological research and development innovation, we have accumulated over 90000 independent patent applications, ranking among the top 10 global patent applications on the World Intellectual Property Organization's PCT application list for consecutive years. JD Group is positioned as a technology and service enterprise based on the supply chain. Currently, its business has involved retail, technology, logistics, health, production and development, industry, self owned brands, insurance, and international fields. With solid and innovative experience in the development of new physical enterprises, JD Group has helped the high-quality development of the real economy and built sustained growth. It ranked 52nd in the 2023 Fortune Global 500 and has remained the top player in the domestic industry for seven consecutive years.