From 360Buy To JD. COM

This is the largest retail company in China, online and overall. It is only the leading online or internet company in terms of revenue, making it a Fortune Global Five Hundred member. JD.com stands out from other online retailers because it’s quality services, commitment to authenticity and it’s wide product and service range. It’s products include and are not limited to food, cosmetics, and electronics. The level and speed of delivery that JD.com works with are unmatched worldwide. Its market area is over a billion clients and the networks operate on the same-day and next-day delivery principles. JD.com also includes a variety of payment services to suit different types of clients.

 

A brief history on JD.com.

The company was founded in 1998 by Liu Qiangdong as a brick and mortar retail store but went online in 2004. Before it was known as Jingdong or JD.com, the company went by 360buy. When it started it’s online endeavors, the company was a magneto-optical store. Jingdong later diversified it’s sales to electronics, computers and computer peripherals, mobile phones and other devices in the same category. In the month of June 2007, the name changes to 360buy.com and later to JD.com in 2013 a move that was worth over 5 million us dollars. It was the same move that later becomes the biggest and toughest competition for Alibaba.com.

Jingdong Mall is the highest user of technology and artificial intelligence in the delivery of its products. It utilizes drones, robots and other autonomous technologies in its operations. This use of technology has also made the company have the biggest drone system or infrastructure and capabilities in the world.

 

Expansion and growth.

Due to its commitment to quality and use of high-level technology, Jingdong Mall has grown rapidly over the years. It spread its market, by increasing the variety of products throughout China and as of this year, JD.com is in Vietnam, France, and the UK. The e-commerce giant plans to set it’s footprint further in the years to come. The GMV of the company has been increasing very financial year i.e. in 2011 it was RMB 32.7 billion, in 2012 73.3 billion, in 2013 125.5 billion, in 2014 260.2 billion, in 2015 462.7 billion and in 2016 the GMV was 658.2 billion. With this steady growth in GMV, the company is sure to spread its print. Go Here to learn more.

 

Source: https://www.gizmochina.com/2018/06/22/googles-550-million-investment-in-jingdong-could-see-its-hardware-products-selling-on-jd-com/