JD.com

 

Background Information

JD.com is an online e-commerce company that has its main headquarters situated in Beijing, China. The founder who is also the CEO of the company is known as Richard Liu Qiangdong. The primary stakeholders that have contributed to the financial development of the firm include Tencent and Walmart.

Its History

In the year 1998, JD.com was originally known as Jingdong Century Trading Century Co. before Liu ventured into the online world. After digital migration, the name of the firm was changed to JD.com, also known as Jingdong Mall. The company has been growing through the implementation of strategies that have led to the continuous development of the online platform.

Its strategies

JD.com embraced the technique of selling a variety of goods rather than only electronic goods in an online platform which has promoted the financial growth of the firm. Statistics sho    w that by 2018, JD.com had approximately 301.8 million clients because it was able to attract people with different preferences hence customer satisfaction.

Over the years, JD has been able to provide its consumers with quality and affordable products. In the current modern world, there have come about advanced technology such as drones which the company uses to deliver goods to clients in unreachable areas. Moreover, JD.com has embraced programs such as robotic delivery which will facilitate faster and reliable services to their customers.

In the year 2015, JD.com introduced Jingdong Plan which was employed with the aim of promoting marketing effectiveness. JD.com has made a partnership with Ruyi and Farfetch and other leading companies from different fields, so that they expand their variety of products thus attracting more customers.

Its achievements

JD.com was only established in 2004, but it is currently ranked as the third largest online business globally. In China, it is one of the wealthiest internet-based retailers. It makes more than fifty-five billion dollars in revenue and has become one of the most successful companies in China since it is a major competitor to Alibaba-run Tmall. Visit This Page to learn more.

The online business has created job opportunities to more than 100,000 people, enhancing China’s economic development. The firm is entailed in one of the most prestigious groups known as Fortune Global 500.

 

More about JD.com on https://finance.yahoo.com/quote/JD/

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