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JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD
.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i
n response to arguments on the company’s salary adjustments in an internal email sent on Monday.
JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut
ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.
If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.
The main reasons for the loss are few external delivery orders and high internal costs, Liu said.
The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco
me growth; the other, reduce staff members’ well-being to the level of other express companies.
Reducing fund ratios to average levels and canceling the basic salary a
ims to encourage couriers to get more external delivery orders and increase revenue.
A 2.9-magnitude earthquake at a depth of 17 kilometers was detected at 1:25 pm on Sunday in Be
ijing’s Haidian district, according to the China Earthquake Networks Center.
Two earthquake experts said the minor quake was a normal activity in the
earth’s crust caused by changes in crustal stress, and th
ere is no need for the public to panic, according to a report on huanqiu.com.
“It is a normal and isolated event,” said Guo Xun, dean of the Civil Engineering
School at the Institute of Disaster Prevention.
“As Beijing is at the junction of the earthquake zones of Shanxi province, the
Hebei Plain and Yanshan Mountain, the city will e
xperience one to two earthquakes at around magnitude-3 degree every year,
according to past exper
ience,” Sun Shihong, a researcher at the
China Earthquake Networks Center, added.
came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.
In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.
Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation
al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.
He also said Xi and the European leaders agreed to enhance coordination and cooperation wit
hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s
uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and
actively contribute to solving international conflicts, combating climate change and promoting sustainable development.
In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru
st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas
onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.
ledge of jewelry and the history of the brands. She has placed many orders after watching these livestreaming videos.
Zhang is among the growing consumers who are willing to accept new things, learn about
overseas brands, cultures and lifestyle as well as make friends with overseas shoppers who share the same interests.
Online shopping via livestreaming videos is gaining traction among the post-80s and post-90s generatio
n consumers, who have increasing demands for premium brands and high-quality imported products amid consumption upgrade.
Statistics from Chinese cross-border e-commerce platform Ymatou showed that nearly 32 perc
ent of users buy products through livestreaming videos, and the post-80s and post-90s generation consumers, who tend to buy medieval peri
od jewelry, clothing and bags by watching livestreaming videos, have become the main force of overseas online shopping.
In the meantime, the post-2000 generation prefers to buy fashion brands, beauty makeup products, with high repurchasing rates.