Category: Online Store

JD.com Mergers Operations With A Business Competitor

Jd.com, also known to many as Jingdong Mall is a Chinese national e-commerce and retail company, founded in 2004 by Richard Liu Qiangdong. Initially, it dealt with electronic and computer accessories, however, over time it has diversified to have a portfolio of products in its offline stores. It strong position in the economy has threatened many small and equal businesses who are also seeking ways of survival.

 

Tangning Books is a bookstore that has had to face stiff competition from Jingdong which also sells online books. This store is based in Guangzhou and is a well know book supplier. Nevertheless, the sales volume is diminishing with this new wake of information and technology while the state deteriorates thanks to Jingdong.

 

On the 15th of May, 2017, Jd.com and Tangning signed a treaty of working together. This pact will oversee book supply being done on a whole new level taking advantage of replenishing supply chain services at Jingdong. delay in supply will to utter done away with. Books sales in the same year increased by 30% while profits registered a 17 % increase. Tangning has been able to understand customer consumption behavior and book assortment become a reality.

 

Jingdong has made physical transportation of the books to the customer possible and done without much delay or wait. As a matter of fact, Tangning allows customer to scan the QR codes for the particular book they are looking for. Should it be missing at the stores, it is delivered in 24 hours thanks to the well advanced and reliable inventory management network at Jingdong. the company’s Founder, Ningxin Lu views this partnership as one that opens Tangning Book to other opportunities and prospect that they will be able to shield competition.

 

About Jd.com

 

JD.com or Jingdong Mall is an e-commerce platform that had incorporated offline stores spread across the country to help in faster movement of goods from the seller to the recipient or customers at their place of convenience.

 

It was founded by Richard Liu Qiangdong after a series of other entrepreneurial ventures that closed down. Nonetheless, he is an internet celebrity with a booming business to his name, that is about to venture into other nations in Middle East. He is an alumnus of Renmin University in China. Click Here for more information.

 

Visit: http://www.dcvelocity.com/articles/20181018-jd-com-unveils-plans-to-study-underground-urban-fulfillment-network/

JD.com Forms New Partnership To Deliver Orders Using Package-Only Flights

 

JD.com, also known as Jingdong, is able to fulfill its promise to deliver 90 percent of all the orders it ships through same- or next-day service better today than ever. Jingdong have now partnered with HNA Group’s Tianjin Air Cargo in order to ship their products six times a week on round trip flights between Tianjin and Guangzhou. These flights are wholly dedicated to shipping packages for businesses and consumers.

 

Jingdong has a national logistics business that can get a package delivered to a business or consumer anywhere in China at amazingly fast speeds. The Tianjin Air Cargo airplane used by JD.com has the JD Logistics logo on its side and is a Boeing 737. As it is a plane that only transports packages it does not need to follow commercial airline schedules. They can speed the plane up when necessary due to this fact.

 

They will be monitoring how these flights go and could expand the routes to other airports in both Southern and Northern China. Head of Express Business Unit Hui Wang of JD Logistics stated that this dedicated airplane will grow his company’s logistics network even larger than it already was. He was certain that both business clients and individual consumers would enjoy their new expedited delivery speeds.

 

Hui Wang added that this partnership with Tianjin Air Cargo created a new industry milestone. Between Jingdong’s supply chain expertise and the amount of experience Tianjin Air Cargo has delivering freight they could outpace the delivery speed of all of their competitors. It would help cement JD.com as the largest Chinese retailer and help their firm’s development going forward.

 

The overall strategy that Jingdong is pursuing is what they call “Retail as a Service”. They want to be closer to the immediacy of buying goods in a retail store and so have worked hard to see to it that the large majority of their orders get to customers with next-day delivery max. It is because of the speed and convenience of ordering from JD.com that millions use their online platform each day. Most consumers order using their mobile app with 80 percent of their orders being placed this way. Go To This Page to learn more.

 

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

Richard Liu And JD.com’s Success

 

The Interview with Richard Liu Qiangdong

Richard Liu Qiangdong is the CEO of JD.com, and Liu recently did an interview with Weforum.org. This is a site that does interviews with entrepreneurs and innovators. In this interview, Liu spoke about how he rose to success and became on of the richest men in China.

 

How Liu Got His Start

Liu was raised by two hard-working parents who owned their own business. From his parents, Liu Qiangdong

was able to attain a good work ethic and an understanding of business. Liu went to college to study sociology, but he did not believe that he was going to have a good financial future in this field.

 

On the side, Liu studied computer programming. After graduating college, Liu embarked upon his first venture as a businessman. He invested his funds in a restaurant, but the restaurant was not successful. Liu did not let that stop him, he continued to try new business ideas until one worked out.

 

How JD.com Got Its Start

Liu Quiangdong decided to start a distributing business that met with much success. After a few years, Liu’s business was able to open 12 different stores throughout China. Unfortunately, there was a SARS outbreak in 2003 that threatened the livelihood of Liu’s business. In order to stop his stores from closing, Liu decided to start selling his products online. That idea was so successful that Liu was able to later expand to sell more items through his e-commerce shop. Read This Article for additional information.

 

Soon, Liu was able to close all of his stores, and sell all of the items online. That is how JD.com got its start. Liu had no idea that his idea to close down his stores would lead him to incredible success. Liu is now on his way to be one of the most successful businessmen in the world.

 

Learn More: https://www.therichest.com/celebnetworth/celebrity-business/men/liu-qiangdong-net-worth/