It would be impossible to talk about JD current affairs without highlighting the change to its app logo. The new logo has a dog mascot with a simple wide smile on its face. This made the logo more acceptable and amicable based on the observations of an independent social media outlet, Fancaiju. JD.com made no official statement regarding the change in its logo. Some speculated that the company was looking to take on more social responsibility amid the pandemic.
Corporate Social Responsibility
Each organization needs to take on an active role in improving the welfare of its community and outside its areas of operation. JD.com has been taking a major role in getting rid of environmental pollution. This e-commerce platform has been using specialized automobiles that do not emit harmful gases into the environment. It is a great move, especially now that many governments are looking for solutions for the increasing environmental pollution.
JD.com is incorporating one of the most crucial and strategic policies that need to be integrated by most companies. The e-commerce champion is using droned to make deliveries to various regions in the country. Drones are an excellent way of easing congestion on the road and promoting eco-friendly moves, which is a top concern for China. With drones, the company also limits the physical contact between consumers and delivery personnel.
Great New for JD.com Personnel
On other updates regarding JD current affairs, the company promised to hike the yearly salary for its employees by July 2023, a key JD earnings date. This presents the equivalent of 16 months’ pay and a 14% increase on average. With more than 370,000 employees, the company hopes to show its appreciation to the staff through these new changes.
According to Global Times, the new salary raise is a move to attract talent. An independent technology analyst, Ge Jia, went on to talk about this market-oriented move corresponding to the demand of JD.com. He states that external pressure may have contributed to the company making this move. A newspaper article talked about the need to protect the market in order to facilitate fair competition.
Ge Jia added that internet companies had encountered a rapid expansion in the last ten years. This has brought on the nationwide realization regarding the need to tighten rules to ensure sound growth in the e-commerce sector. More companies are expected to take active roles in social responsibility programs and develop a good social image rather than putting money into creating their ecosystems.
Improving Employee Welfare
Ele.me is a well-known food delivery service company that announced its launch of Summer Action. The first funding round was $46 million, which will be invested in boosting the welfare of delivery workers like rewards for each delivery. It would also increase allowances for workers during the high temperatures in summer.
Ge Jia mentioned that Big Tech in the nation needs to realize that it’s the perfect time to make necessary changes. Regulators need to include implementing the necessary rectification, optimizing labor structure rather than paying lip service.
Battle for the Smaller Cities
JD current affairs include the recent move by JD.com to underline the tough competition among the top Chinese e-commerce retailers to attract more consumers from smaller cities. Most recently, Alibaba bought a 19.9% share in Suning.com. This acquisition was geared towards improving the market share of the company in the smaller cities in China.
Small cities are crucial for e-commerce merchants and traditional retailers in China, the second-largest economy in the world. JD provides customers in lower-tier marketplaces the same level of access to pricing and products via a countrywide logistics network.
Based on the last JD earnings date, JD.com plans to partner with popular brands moving forward; the company tailors products depending on the region. Most brands have realized the significance and potential of the Chinese market. Therefore, brands are tailoring their products for lower-tier cities. JD achieves this by leveraging its supply chain abilities and data sets. Looking at the best JD earning date, these lower-tier markets have grown by nearly 100% in 2021.