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.
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.