Xing Liu

JD Technology (JDT) is a business group under JD.com with a focus on serving governmental and corporate clients through technology. Living up to the mission of leading technology development, upgrading cities, and promoting the digital intelligence of industries, it is committed to providing technological products and services with a root in the whole value chain to governments, enterprises, financial institutions, and other clients. Based on cutting-edge technologies such as AI, cloud computing, big data, and IoT, and drawing on the experience in the supply chain accumulated by JD, JDT has grown into a provider that has the best industry know-how, providing clients with digital and intelligent solutions based on the supply chain.

VIP.com (NYSE: VIPS), was established in 2008. It pioneered the special “Very selective brands, Incredible price, Privileged service”Flash Sales model, retailing categories such as fashion apparels, shoes & bags, cosmetics, mother & kids, home goods, foods and more. VIP.com works with over 20,000 brands in total and more than 2,200 of the brands are exclusive online partners with VIP.com. In 2016, VIP.com reached annual net revenue of 56.59 billion RMB，269.8 million total annual orders, and the average daily orders of 800 thousand. By now, VIP.com reached over 300 million registered members and 80% repeat purchase rate. On March 23rd, 2012, VIP.com successfully listed on the New York Stock Exchange (NYSE). Since the IPO to March 31st, 2017, VIP.com has been profitable for 18 consecutive quarters. VIP.com has become the largest Flash Sales platform globally as well as the third largest online retailer in China. The Flash Sales model, represented by VIP.com, has become one of the three main modern ecommerce business models in China.

JD Technology (JDT) is a business group under JD.com with a focus on serving governmental and corporate clients through technology. Living up to the mission of leading technology development, upgrading cities, and promoting the digital intelligence of industries, it is committed to providing technological products and services with a root in the whole value chain to governments, enterprises, financial institutions, and other clients. Based on cutting-edge technologies such as AI, cloud computing, big data, and IoT, and drawing on the experience in the supply chain accumulated by JD, JDT has grown into a provider that has the best industry know-how, providing clients with digital and intelligent solutions based on the supply chain.

Founded on May 8, 2002, ZTO Express (“ZTO” or “the Company”) is one of the leading express delivery companies in China in terms of parcel volume, with a 20.4% market share in 2020. ZTO is both a key enabler and a direct beneficiary of China’s fast-growing e-commerce market, and has established itself as the trusted express delivery partner for millions of commerce customers, including online merchants and consumers selling and buying products on Chinese leading e-commerce sites, such as Alibaba, PDD, JD.com. ZTO operates a highly scalable network partner model that enables it to expand nationwide network quickly and provide e-commerce merchants with greater geographic reach at low cost. Under a network partner model, it operates the mission-critical line-haul transportation and sorting network within the express delivery service value chain, whereas its network partners operate the outlets that provide first-mile pickup and last-mile delivery services. Operational efficiency and economies of scale enable ZTO to achieve strong operating leverage which drives higher return on invested capital and equity. ZTO’s objective is to become a world-leading comprehensive logistical services provider.

VIP.com (NYSE: VIPS), was established in 2008. It pioneered the special “Very selective brands, Incredible price, Privileged service”Flash Sales model, retailing categories such as fashion apparels, shoes & bags, cosmetics, mother & kids, home goods, foods and more. VIP.com works with over 20,000 brands in total and more than 2,200 of the brands are exclusive online partners with VIP.com. In 2016, VIP.com reached annual net revenue of 56.59 billion RMB，269.8 million total annual orders, and the average daily orders of 800 thousand. By now, VIP.com reached over 300 million registered members and 80% repeat purchase rate. On March 23rd, 2012, VIP.com successfully listed on the New York Stock Exchange (NYSE). Since the IPO to March 31st, 2017, VIP.com has been profitable for 18 consecutive quarters. VIP.com has become the largest Flash Sales platform globally as well as the third largest online retailer in China. The Flash Sales model, represented by VIP.com, has become one of the three main modern ecommerce business models in China.