JD Pay, a payment platform of Chinese e-commerce giant JD.com, announced at its industry conference on December 19 that it aims to reduce its transaction fees by at least 20% compared to WeChat Pay by 2025. To achieve this goal, JD Pay will invest 1 billion yuan (approximately $143 million) in marketing efforts to support its partners in reducing costs and increasing efficiency. The company will also introduce the "Reduce Costs and Increase Efficiency Three-in-One Set," consisting of aggregated payment products, self-operated checkout platforms, and professional operational schemes. These initiatives are expected to promote a more competitive and efficient payment market in China.