Shulou(Shulou.com)11/24 Report--

CTOnews.com November 22 news, according to Kechuangban Daily reporter learned that Liu Qiangdong issued a letter to JD.com, the letter mentioned that the deputy director level above the salary reduction of 10% Murray 20%, while donating 100 million to expand the "employee child assistance fund."

According to reports, Liu Qiangdong mentioned in the letter: starting from January 1, 2023, we will gradually pay social insurance and house fund for more than 100,000 Debang brothers to ensure that every Debang brother can have "security for the elderly and medical treatment" and provide basic security for the brothers. the group has set up a "housing guarantee fund" for all the group's grass-roots employees, including all Debang brothers. Liu Qiangdong himself donated another 100 million RMB, and the group and various BGBU will also contribute a certain proportion of cash to greatly expand the scale of the employee's Child Assistance Fund. In order to improve the benefits of grass-roots employees and reduce the pressure on the company as much as possible, the Group decided that from January 1, 2023, all senior managers above JD.com Group Deputy Director and above the corresponding P / T sequence, the cash salary will all be reduced by 10% and 20%, and the higher the position, the more positions will be dropped.

CTOnews.com learned that after four consecutive quarters of losses, JD.com Group finally began to turn losses into profits in 2022, when Xu Lei officially took the helm. The net profit attributed to common shareholders in the third quarter of this year was 5.963 billion yuan, compared with-2.807 billion yuan in the same period last year. However, for the sake of performance growth, JD.com Group paid the price of a sharp slowdown in growth.

On July 27, 2022, JD.com Logistics announced that it had completed the transaction to acquire the equity interests of Debang Holdings. Upon completion of the relevant transaction, Debang Holdings (including Debon Group) will become a subsidiary of JD.com Logistics. It is reported that the acquisition price of nearly 9 billion yuan, the express delivery industry so far the largest amount of mergers and acquisitions.

It is worth mentioning that according to the 2022 Hurun Charity list released by Hurun Research Institute, Liu Qiangdong donated a total of 14.9 billion yuan in the past year, making it the "best in China" for the first time.

The following is the full text of the letter:

Dear brothers JD.com

I think you have seen the group as well as logistics, health have released the third quarter results or bulletins! After more than ten years of hard work, JD.com has finally ushered in an important moment of comprehensive profitability, which shows that our long-term strategy with customer experience as the core is correct, and our team insists on long-term doctrine and down-to-earth implementation of the company's strategy is effective. Looking forward to the future, I am full of confidence and expectation for the economic development of our country and the business prospects of the group. We will get better and better!

All success is inseparable from the efforts and persistence of our brothers. After the successful merger of Debon, our total number of employees has exceeded 540000. I believe that our "35711" dream will come true: at that time, we can directly bring more than 1 million jobs to the country and society. After being happy, I have been thinking about what I should do for my brothers.

After in-depth investigation and careful argumentation, the group decided:

First, Debang's existing employees, whether outsourced or self-owned, are all our brothers. starting from January 1, 2023, we will gradually pay social insurance and house fund for more than one hundred thousand Debang brothers to ensure that every Debang brother has "a sense of security for the elderly and medical treatment for illness". Provide basic security for the brothers. In the past, although Debang's practice was legal and paid a much higher proportion of social insurance and house fund than other similar companies, there were still many outsourcing brothers who could not enjoy full social insurance and house fund treatment like their own employees. We will gradually transform the outsourcing brothers into Debon's own employees in accordance with certain conditions! Make everyone more secure!

I know that this will cause short-term financial pressure on Debon, but I believe that Debon will have a better financial performance after implementing a variety of management measures of "streamlining the government, strengthening coordination, activating employees and improving efficiency". Both the group and Debang's management are full of confidence.

Second, the group has set up 10 billion yuan to set up a "housing guarantee fund" for all the grass-roots employees of the group, including all the Debang brothers. I hope this will help all the employees who have worked for more than five years. Including every delivery brother and customer service brother to realize the desire to buy a house. This is a revolving interest-free loan fund, which means that the total accumulated investment of the group will be as high as tens of billions of yuan in the next decade!

I hope this will enable brothers who have worked for a certain number of years to have a warm, stable and "home" of their own.

Third, I personally donate another 100 million RMB, and the group and various BGBU will also devote a certain proportion of cash to greatly expand the scale of the employee Children Assistance Fund for any working JD.com (including Debang, etc.) brothers, even if you work for JD.com (including Debang, etc.) for a day, whether it is due to industrial or non-industrial injury, as long as a major misfortune leads to incapacity or loss of life. Your children will be raised by this fund up to 22 years old until they graduate from college!

The purpose of this move is to ensure that every JD.com brothers have strong security to ensure that under no circumstances should they return to poverty or make it difficult for their families to survive!

We use practical actions to practice the corporate philosophy of "one day JD.com, a lifetime of love in the east of Beijing".

In order to improve the welfare of grass-roots employees and reduce the pressure on the company as much as possible, the Group decided that from January 1, 2023, all senior managers above JD.com Group Deputy Director and above the corresponding P / T sequence, the cash salary will all be reduced by 10% and 20%, and the higher the position is, the more positions will be dropped. I hope executives can understand and support this decision! Sorry for these more than 2000 senior executives, brothers, I apologize to you! If JD.com 's performance returns to a state of high growth within two years, the group can restore everyone's cash compensation at any time.

Guys, the perks are well designed, but don't forget our shareholders. Many of them are ordinary people like us, using their life savings to buy the shares of our JD.com, including Debang, which is also the hard-earned money and old-age money they saved frugally! If we do not manage well, they will lose money. Although we can not influence the short-term stock price, but as long as our performance is good in the long run, we can eventually return to our shareholders. We hope that the brothers will continue to work hard and continue to repay our shareholders.

I wish the brothers good health and happy work!

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