JD.com’s Role In Modernizing Commerce Across China

JD.com is one of the largest online retailer, as well as, the biggest internet company by revenue in China. Unlike other online retailers, JD.com has been able to set the standards of online shopping through its commitment to authenticity, quality and also its wide variety of products covering from electronic apparels, cosmetics to food products. The development in technology have made it possible for the online retailer to grow at a high-speed rate as opposed to its competitors.

 

Recently, JD.com launched a joint research lab for blockchain, known as the  JD Blockchain Platform; with (ISCAS) Institute of Software at the Chinese Academy Of sciences and (NJIT) which is the Ying Wu College of Computing at the New Jersey Institute of Technology.

 

That venture will focus on solving stability, and efficiency challenges which are considered the most significant bottlenecks, which may restrain the application of the blockchain technology. JD.com has also been able to come up with an eco-friendly packaging program, called Green Stream Initiative, whereby consumers can get their products delivered in a reusable packaging for medium and small-sized parcels. That in turn, it’s considered to lower packaging costs, while at the same time promoting environmental conservation. The service has been able to kick off in Guangzhou, Shenzhen, and Beijing and it is expected that by the end of 2018, the packaging option will be available in more than 20 cities across China. View More Information Here.

 

Gieves &Hawks is a renowned British menswear brand which has also come into partnership with JD.com to provide its consumers with quality luxurious menswear. Therefore consumers do not have to worry about how to purchase luxurious brands such as Gieves &Hawks.

 

The online retailer has able been able to develop JD Cloud Warehouse Management Solution through the JD cloud warehouse management solutions, which helps companies to lease under-utilized warehouses to third parties. That, in turn, boosts the efficiency of the entire logistics department, and at the same time maximizes the use of real estate. It also promotes efficient delivery of goods to consumers. The JD smart supply solution chain open solution, also allows the merchants to predict the inventory of demand and supply of different types of products.

 

View source: https://www.america-retail.com/innovacion/innovacion-jd-com-announces-blockchain-focused-smart-cities-initiative/