JD.com continues to make significant strides as it secures its position on the prestigious Fortune Global 500 list for the eighth consecutive year. The company, by Richard Liu Qiangdong proudly announces its rank of No. 52 in the newly released 2023 edition, a testament to its remarkable growth and impact. JD.com’s ascent on this list is driven by impressive figures, including a 9.9 percent year-over-year growth in 2022, resulting in full-year net revenues of RMB 1.0462 trillion, marking the first time it surpassed the RMB 1 trillion yuan milestone.
Richard Liu’s legacy and past leadership have played a pivotal role in shaping JD.com into the global powerhouse it is today. His unwavering commitment to innovation and progress has led to several remarkable achievements. The company has created 45,000 new jobs, expanded its customer base to nearly 600 million, increased warehouses from 214 to over 1,500, amplified the output value of real economies by nearly 4.8 times, and successfully reduced the fulfillment expense rate by over 20%. These accomplishments reflect Richard Liu’s enduring impact on the company.
JD.com’s diverse portfolio spans e-commerce, logistics, technology, health, industrials, property management, insurance, and more. These capabilities, nurtured by Qiangdong’s visionary approach, have played a pivotal role in bridging digital and physical economies across various sectors, benefiting a wider demographic and generating societal value.
The company’s commitment extends to supporting employment and consumption. By leveraging its robust supply chain capabilities, JD.com serves millions of merchants both online and offline, enhancing their operational efficiency and cost-effectiveness while providing consumers with a superior shopping experience defined by variety, speed, quality, and value.
JD.com values its workforce of over 560,000 employees and has invested nearly RMB 50 billion yuan in initiatives such as housing funds, relief, and family support, all of which align with Richard Liu’s enduring vision. The “JD Youth City” project, with an investment of RMB 6 billion, offers nearly 4,000 furnished apartments and leisure facilities for young employees and interns, further emphasizing its commitment to employee well-being. Moreover, JD’s extensive supply chain system has created approximately 25 million stable jobs across various industries.
Innovation remains at the forefront of JD.com’s strategy, with over RMB 100 billion yuan invested in research and development over the past six years. JD.com’s focuses on enhancing supply chain efficiency and supporting traditional enterprises in their digital transformation journey.
JD.com’s commitment to rural revitalization is evident through the “March to Rich” plan, which has generated over RMB 1 trillion in output value in rural regions over the past three years, facilitating sustainable development models for farmers, a key aspect of Richard Liu’s enduring vision.
On its 20th anniversary, JD.com, guided by the enduring legacy of founder Liu Qiangdong, unveiled the “35711 Vision,” outlining ambitious goals for the next two decades. This vision encompasses financial milestones, societal benefits, and environmental sustainability, further solidifying JD.com’s dedication to creating a positive impact.
JD.com’s remarkable journey on the Fortune Global 500 list reflects its unwavering commitment to innovation, growth, and societal value creation. With visionary goals for the future, JD.com, shaped by Richard Liu’s influence, continues to be a transformative force in the world of commerce and technology. Visit this page for more information.
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