At a glance
- Company
- JD Technology
- Announcement
- Expansion
Key figures
- Maximum JD Retail merchant credit line
- RMB 10 million
- Deppon operating footprint
- more than 60 cities
- Deppon warehouse space
- 1.3 million square meters
- Warehouses covered by JD Technology's operations
- more than 2,000
- Inventory value managed
- over 20 billion yuan
Products and programs
December 13, 2023 -- JD Technology, the technology services arm of JD.com, recently announced the opening of its supply chain finance services to third-party warehouses. In collaboration with Deppon Express, JD Technology now provides warehousing operations + mortgage financing solutions to clients in sectors ranging from home appliances to wine & spirits industries.
Since 2014, JD Technology has been at the forefront of offering logistics financing solutions tailored to industry needs. At present, JD’s mortgage financing offers loans secured against stored goods. This innovative platform supports real-time, automated management of collateral, enabling around-the-clock repayment options. For merchants selling through JD.com’s retail business, JD Retail, credit lines of up to RMB 10 million can be approved automatically, with funds made available instantly. This contrasts with traditional financial institutions, as non-JD Retail merchants benefit from simpler document submission requirements and a more efficient due diligence process.
Deppon Express operates in more than 60 cities and has 1.3 million square meters of warehouse space. It provides customized solutions for large and delicate items such as home appliances, furniture, and wine & spirits, and enhances JD’s supply chain financing in monitoring and managing goods in warehouses. JD Technology’s expertise in supply chain financing is anchored by three core capabilities: the efficient management of goods, accurate valuation of goods, and a robust network for goods disposal. Specifically, in terms of product admission and valuation, JD Technology can integrate online sales data to systematically and dynamically estimate the value of goods. This approach considers various factors, including historical transaction data, product price trends, and projected market demand, and more.
JD Technology’s logistics financing solutions are making a significant impact across nine key industries, ranging from home appliances to spirits, and encompassing sectors like computer and office supplies, mobile phones, as well as baby and maternal products. The scale of its operations is vast, having overseen more than 2,000 warehouses and managing an inventory valued at over 20 billion yuan.
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In brief
JD Technology says it has extended its supply chain finance services to warehouses operated by third parties, working with Deppon Express on warehousing and financing backed by stored goods. The company describes its service as using automated collateral management and allowing repayments around the clock. JD Retail merchants may receive automatically approved credit lines of up to RMB 10 million, while other merchants have simpler document requirements and a streamlined due diligence process, according to the release. JD Technology says it uses sales information and other market indicators to assess inventory value. Deppon provides warehouse services in more than 60 cities, and JD Technology reports that its logistics financing operations cover more than 2,000 warehouses and inventory valued at over 20 billion yuan.
Key takeaways
- JD Technology is extending its supply chain finance services to third-party warehouses with Deppon Express.
- The financing is secured by goods in storage and includes automated collateral management, the company says.
- JD Retail merchants may qualify for automatically approved credit lines of up to RMB 10 million.
- JD Technology says its operations cover more than 2,000 warehouses and inventory valued at over 20 billion yuan.
