JD Unveils Grand Plans for the Next Twenty Years
As a well-known domestic e-commerce giant, JD.com’s management has been constantly criticized by the industry insiders. On the occasion of the 20th anniversary of its establishment, JD announced its future development goal.
Under the general environment of economic recession, the shopping festival of “618” in 2023 was quite cold. The “618” promotion was originally invented by JD.com. Later, like “11.11”, it became a shopping festival for the entire industry. Although this year is the first time that JD.com failed to disclose the overall sales during the nationwide shopping campaign, JD officially announced that the growth rate of this year’s 618 exceeded expectations, setting a new industry record again. On June 18, JD Group commemorated its 20th birthday and released its dream for the next 20 years, which includes building three companies with revenues exceeding RMB 1 trillion. According to this plan, one day in the future, JD will pay 100 billion yuan in taxes every year and provide more than 1 million jobs.
China Surpasses Japan as World’s Top Auto Exporter
According to latest official data, from January to May 2023, Chinese automakers exported nearly two million vehicles, a year-on-year increase of 81.5%. China overtook Japan as the world’s largest auto exporter. The above data show that China’s market has a robust consumption capacity. And the cars produced in China also have a strong appeal to consumers all over the world.
The rapid growth of domestic needs and export of automobiles at the same time is rare in the world. The rapid development depends on many factors, including friendly foreign trade policies, cheap and high-quality products, and technological advantages in the research and development of new energy vehicles. At the same time, we should also be soberly aware that although China’s automobile exports are booming, there is still a certain distance for China to become a real automobile manufacturing powerhouse.
Healthcare Employees Saw Salary Boost in 2022
Despite the dull industry and falling stock prices, employees working in medical and health companies still had a prosperous year in 2022. Reporters from Caijing investigated the salaries of A-share and Hong Kong-listed medical and health companies in 2022. The result is quite surprising. They found that most of the above-mentioned companies raised their employees’ salaries in 2002 and hired more employees. In the field of healthcare, as the income of employees has increased compared with previous years, the scale of these companies has also shown a clear trend of expansion.
However, in 2023, with the global economic slowdown, people’s expectations for future salary rise are much more cautious. Almost no one dares to say with confidence that “my salary will be raised this year.” Employees in different subdivisions have varied situations. For instance, an employee of a traditional pharmaceutical company was astonished to learn about salary and staff increase of listed companies in the medical industry in 2022.
Chinese Tech Startups Renting GPUs from Local Cloud Providers
In the second half of 2022, generative AI attracted widespread attention around the world. At the same time, more and more tech startups pay 80%-90% of their funding to cloud providers to train their AI models. It is estimated that even if these companies’ products are successful, they will have to pay 10%-20% of their annual revenue to cloud computing companies.
This has contributed to the rapid development of cloud services. In China alone, at least dozens of start-up companies and small and medium-sized companies are making complex large language models by themselves, and they all need to rent GPUs from cloud computing platforms. Compared with overseas giants, China’s big technology companies and cloud providers are more urgent to purchase GPUs. No one is sure whether the high-performance GPU that can be bought today will be subject to new restrictions tomorrow.