JD.com

JD.com is a Chinese e-commerce company backed by investors including Xu Xin, DST, Cathay Capital, and GGV Capital, and co-manages funds with CDH Investments under a Co-GP model . Its retail platform launched in 2004, emerging alongside Taobao as part of a wave of B2C e-commerce growth that filled the gap left by offline retail's slow penetration into lower-tier cities . In the platform landscape, JD has historically occupied a premium position alongside Tmall, with its GMV entering rapid growth around 2015 .

The company has since expanded well beyond consumer retail. JD Industrial, its industrial supply-chain unit, has become a leading provider of MRO procurement and industrial digitalization solutions, serving nearly 40% of Fortune 500 companies and roughly half of China's top 500 by 2023 . That unit completed a $300 million Series B in March 2023 and later listed on the Hong Kong Stock Exchange . More recently, JD has positioned itself as a strategic channel and scene partner for robotics companies, launching a "smart robot industry acceleration plan" committing over 10 billion yuan in resources to help 100 robot brands reach billion-level sales within three years .