JD.com, Inc.
$9618.HK•HKEX
Stablecoin Issuer / Stablecoin Asset Management
企業情報
CEO
Xu Ran
設立
1998
本社所在地
Room 1901, 19th Floor, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong
取引所
HKEX
H
年間最高値
$143.70
L
年間最安値
$110.10
株価チャート
ビジネスモデル
ビジネスモード
- Stablecoin Issuance and Cross-Border Payments: •Objective: JD.com plans to apply for stablecoin licenses in major currency countries around the world, aiming to significantly reduce cross-border payment costs (target reduction of 90%) and improve transaction efficiency (target settlement time of 10 seconds) by issuing stablecoins pegged to fiat currencies (such as the Hong Kong dollar). • Application Scenarios: Mainly applied in cross-border e-commerce settlement, platform points systems, and supply chain financial payment scenarios. This indicates that JD.com aims to use stablecoins to address the pain points of its core e-commerce business in international trade and enhance the efficiency of capital flow. •Compliance: JD Blockchain Technology has actively participated in the stablecoin sandbox testing in Hong Kong and plans to strictly adhere to the relevant regulatory framework, reflecting its path of compliance development in the digital currency field.
- Application and Promotion of Digital Renminbi (e-CNY): • Payment Integration: JD.com is one of the first online platforms in China to accept digital renminbi payments and actively participates in pilot projects for digital renminbi, such as distributing digital renminbi red envelopes through lotteries and other activities to encourage users to use digital renminbi for consumption. • Employee compensation and partner payments: JD.com has begun to experiment with using digital renminbi to pay some employees and to make payments to certain business partners, further promoting the application and popularization of digital renminbi in real commercial scenarios. • Strategic Cooperation: JD.com collaborates with financial institutions such as China Minsheng Bank to jointly promote digital RMB payment services, demonstrating its important role in the national digital currency strategy.
- Blockchain technology empowers core business: • Supply Chain Traceability: JD.com utilizes blockchain technology to enhance supply chain transparency, achieving traceability of products throughout the entire process from production to sales, ensuring product quality and consumer trust. For example, its blockchain traceability solution has accumulated a large amount of data. • Digital Asset and Supply Chain Finance: JD.com applies blockchain technology in the fields of digital assets and supply chain finance, such as issuing asset-backed securities (ABS) to provide more convenient financing services for small and medium-sized enterprises and optimize the cash flow in the supply chain. • Self-developed blockchain platform: JD.com has developed an enterprise-level blockchain framework system called JD Chain, which is open to enterprises and developers, providing a blockchain-as-a-service (BaaS) platform that supports enterprises in quickly building and deploying blockchain applications. This itself is also a business model for technology service output.
利益モデル
- Cost savings in cross-border payments: By using stablecoins for cross-border payments, it can significantly reduce the intermediary fees associated with traditional bank remittances and foreign exchange conversions, thereby saving a substantial amount of operating costs for JD.com and its merchants, and enhancing profit margins.
- Improve trading efficiency and user experience: The rapid settlement capabilities of stablecoins and digital renminbi can accelerate capital turnover, enhance trading efficiency, and improve user payment experience, which may in turn promote an increase in trading volume and indirectly boost platform revenue.
- Revenue from Technical Services and Solutions: Opening the JD Chain blockchain platform and providing blockchain solutions for enterprises (such as supply chain traceability, asset digitization, etc.) can bring technical service fees or solution sales revenue to JD.com.
- Expanding the Digital Economy Ecosystem: Actively participating in the construction of the digital renminbi ecosystem, as well as the issuance of future stablecoins, will help JD occupy a favorable position in the digital economy era, attract more users and merchants, expand its business landscape and market share, thereby bringing long-term strategic value and potential benefits.
- Data Value and Value-Added Services: The supply chain data accumulated through blockchain technology can provide JD with deeper business insights and may lead to the development of new data value-added services, creating new profit points.
利益モデルの影響
- Enhance core business competitiveness: By reducing cross-border payment costs and improving efficiency, it directly strengthens the competitiveness of its core businesses such as e-commerce and logistics, making it more advantageous in global trade.
- Responding to the national digital economy strategy: Actively embracing digital RMB aligns with China's national strategy to promote the development of the digital economy, which helps JD gain policy support and market advantages.
- Technological Innovation and Industry Leadership: The investment and practice in the blockchain and digital currency fields demonstrate JD's technological innovation capabilities and leadership position in the digital economy, which helps enhance brand image and market influence.
- Building Future Financial Infrastructure: Through stablecoins and blockchain technology, JD.com is constructing a more efficient and low-cost future financial infrastructure, which not only serves its own business but may also become an important component of the future digital economy.
- Risk Management and Compliance Development: Developing digital currency business under the strict adherence to regulatory frameworks helps JD achieve a balance between innovation and compliance, reducing potential legal and operational risks.
暗号資産への影響
- Fiat currency pegged stablecoins (e.g., JD-HKD): •Impact: The stablecoin that JD.com plans to issue (such as JD-HKD, which is pegged to the Hong Kong dollar) will directly affect the stablecoin market, especially in the areas of cross-border payments and trade settlements. If its stablecoin is widely adopted, it will increase the market demand for compliant and efficient stablecoins, and may encourage other companies to follow suit. • How it affects: By providing more convenient and low-cost cross-border payment solutions, stablecoins will promote the development of international trade and e-commerce, thereby indirectly affecting digital assets related to these economic activities.
- Central Bank Digital Currency (such as Digital Renminbi e-CNY): •Impact: As an important application scenario and promoter of the digital renminbi, JD.com’s acceptance and promotion of the digital renminbi directly drives its popularization and use, enhancing its penetration rate in the retail payment sector. • How it influences: JD's participation helps to verify the technical feasibility and business model of the digital renminbi, providing data and experiential support for the further development of China's central bank digital currency. This may have a demonstrative effect on the development path of global central bank digital currencies.
- Blockchain Infrastructure and Enterprise Applications: •Impact: JD Chain and other blockchain technology platforms developed by JD.com, as well as their applications in supply chain traceability and supply chain finance, will promote the development and popularization of enterprise-level blockchain solutions. • How it affects: This influence is mainly reflected in the technical and commercial application levels, rather than the price of specific cryptocurrencies. It will promote the implementation of blockchain technology in the real economy and enhance the industry's recognition of the value of blockchain.