Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

JD com : Digital Contracting Platform Save Resources Tremendously

09/25/2021 | 10:02pm EDT

by Vivian Yang

JD Technology kicked off a new round of promotion of its digital contracting services on September 17th, aiming to bring the blockchain-based technology to more SMEs and support them to go paperless in business operation.

To date, JD's digital contracting platform has assisted on managing over 4 billion contracts for more than 500,000 enterprise users. If a contract uses 10 pieces of A4 paper on average, the platform has accumulatively saved 40 billion pieces of paper so far, which equates to the save of 13 million trees and reducing more than 4 million tons of carbon dioxide emissions.

A number of China's well-known enterprises such as Xiamen ITG Group Corp. adopted the platform recently, and estimates show that the service will help them save 80% time in the work of contract processing, and lower costs of contract signing by 60%.

Enabled by digital certificates and blockchain, the service makes sure that all parties in a transaction can share the same view of a live contract, and every step and revision of the contract is recorded, creating a tamper-proof audit trail. The blockchain system can also enable hashlock on confidential contracts to ensure the safety of the original document and data privacy.

As a one-stop solution, the platform offers contract templates, digital stamps, e-signing, archiving services and more. All data is strictly scrutinized before being connected to the platform, and will continue to go through rigid reviews in every step of data generation, transfer, storage and other actions to secure data authenticity. More importantly, the complete evidence chain is synchronized with courts, notary offices and other judicial bodies, ensuring contacts' judicial validity and management efficiency.

Heavy technology aside, the platform is easy to use, as it supports multi-interfaces on computers, app, Wechat mini program and more, as well as simultaneous actions by different people.

New users of the platform will not only enjoy discounts and a service package for free, but also become a certified member of JD's "zero-carbon enterprise" program.



JD.com Inc. published this content on 26 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2021 02:01:00 UTC.

© Publicnow 2021
All news about JD.COM, INC.
10/19KUAISHOU TECHNOLOGY : China Fines Douyin, Kuaishou For Publishing JD.com's Micro Loan Ad
10/19JD Logistics Pledges $156 Million to Build Green Supply Chain
10/18JD Logistics Targets 100 Planes by 2030 to Boost Cross-Border Cargo Capability
10/18JD COM : Logistics Spotlights Air Cargo and Automated Warehouses for Global Expansion
10/18JD COM : Getting Geared up for 2021 Singles Day Grand Promotion
10/18GSSC : JD Logistics to Invest RMB 1 Billion for Green Supply Chain and Adopt Thousands of ..
10/14JD COM : Seven Ways to Facilitate Elderly People in China
10/14CHINA PETROLEUM & CHEMICAL : Yet to Secure Buyer For Remaining Anbang Assets
10/13Global E-Commerce Growth to Slow Down This Year Before Accelerating, BofA Securities Sa..
10/12JD COM : Nomura Boosts Price Target on JD.com to $95 From $88, Maintains Buy Rating
More news
Analyst Recommendations on JD.COM, INC.
More recommendations
Sales 2021 951 B 149 B 149 B
Net income 2021 6 891 M 1 078 M 1 078 M
Net cash 2021 116 B 18 149 M 18 149 M
P/E ratio 2021 129x
Yield 2021 -
Capitalization 841 B 132 B 132 B
EV / Sales 2021 0,76x
EV / Sales 2022 0,60x
Nbr of Employees 320 000
Free-Float 69,6%
Chart JD.COM, INC.
Duration : Period :
JD.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JD.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 37
Last Close Price 541,94 CNY
Average target price 629,35 CNY
Spread / Average Target 16,1%
EPS Revisions
Managers and Directors
Qiang Dong Liu Chairman & Chief Executive Officer
Lei Xu President
Ran Xu Chief Financial Officer
Nan Li Director-Strategy & Operations
Cheng Feng He Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
JD.COM, INC.-3.40%131 794
AMAZON.COM, INC.5.83%1 745 569
ETSY, INC.28.15%28 860
WAYFAIR INC.7.32%25 178
ALLEGRO.EU SA-41.80%13 166
MOMO.COM INC.254.35%10 988