JD.com, also known to many as Jingdong Mall, is the largest e-commerce retailer in China. It was formed in 2004 by Richard Liu, the founder and CEO of the company. Mr. Liu started this business in 1998 after leaving Japan Life, a company he was working with, to concentrate on his entrepreneurial calling. Since this business organization was created, it has managed to grow at an unprecedented pace. Between 2004 and to date, Jingdong has grown into a leading retailer in the whole world.
The success of this company comes from the application of cutting edge technology solutions. In recent times, Jingdong Mall has been using drones to deliver orders to customers from far-flung parts of China. In the cities, it has been using automated robots. This measure has reduced the delivery time all parts of China to between 6 and 20 hours.
Jingdong Mall has invested significantly in fashion design. As one of the fastest growing sectors, fashion design is becoming a multi-billion dollar industry and there is huge competition for luxury goods not only in the Chinese market but in the whole world. JD.com has therefore realized this opportunity and has partnered with major luxury brands from different parts of the world to give the Chinese consumers a platform to access luxury products of their choice.
In 2017, JD.com entered into an agreement with Farfetch, a London-based fashion company that will open up its portfolio to customers through the JD.com application.
- com has appointed Xia Ding as the president of international fashion. As an experienced expert on matters of fashion, she has given JD the much-needed expertise to invest wisely in this sector. Today, over 300 million JD.com customer can choose from thousands of luxury brands offered through JD.com.
About Richard Liu
Richard Liu believes that Jingdong will be the biggest retailer in the world in the near future. The measures that he has installed in this company will facilitate the needed growth.
In an article with WSJ, “Chinese Retailer JD.com Turning Its Logistics Network Into Broader Delivery Service”, Jingdong talked about new package-delivery service will compete with private express carriers in a crowded market in China for parcel transportation. This marks the next step in leveraging the nationwide logistics network that JD has built over the past decade.
Currently, it is ranked as number four in the overall list of the largest companies by market value. Jingdong is currently worth over $60 billion according to a recent revelation by Richard Liu. Go Here for additional information.