Bosch, JD.com team up on retail, logistics, industrial product procurement businesses

Shanghai (Gasgoo)- On Mar. 28, Bosch China and JD.com, Inc. ("JD") forged a strategic partnership on retail, logistics, and corporate procurement businesses, according to a post on Bosch's WeChat account. 

Under the agreement, Bosch China and JD will adhere to the principles of strong alliance and complementary advantages, exploring more e-commerce business growth potential, while jointly expanding broader new business development space.

Photo credit: Bosch

Bosch is a leading global technology and service provider, with businesses spanning automotive and intelligent transportation technology, industrial technology, energy and building technology, and consumer goods.

"The cooperation with JD in digital transformation and upgrading will help us further understand the consumption demands and behaviors of Chinese users, and provide high-quality, convenient product services and experiences for our partners and consumers," said Chen Yudong, president of Bosch China.

JD is a leading comprehensive e-commerce platform in China. With its rich practical experience in digitalization and advanced technological strength, JD is committed to promoting the digital transformation and cost-effectiveness improvement of upstream and downstream partners in the industry chain, and better serving the high-quality development of the real economy.

Bosch and JD have been cooperating in the e-commerce field for many years. Over the past decade, Bosch's e-commerce business on the JD platform has maintained an average annual compound growth rate in double digits, said Bosch. Looking forward, relying on JD's digital capabilities in logistics and industrial supply chains, the two sides will jointly explore the development potential in the one-stop procurement of industrial products and integrated logistics supply chain services.

In addition, the two parties will also explore innovative cooperation in hydrogen energy logistics and transportation, and JD's industrial product channels. For instance, in recent years, Bosch has been actively promoting the commercialization of hydrogen-powered systems in the local market, and JD has also used hydrogen-powered vehicles to provide logistics services in pilot projects. Based on this cooperation, the duo will share their resources and advantages in technology innovation, supply chain management, and ecosystem expansion in the field of hydrogen energy logistics and transportation.