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Jingdong Making Way For IOT In The Ecommerce Industry To Enhance Customer Shopping Experience

In the e-commerce industry, there are many companies that are fighting it hard to obtain the top spot. However, one of the companies that have been enjoying among the top slot for the last many years is JD.com, otherwise known as Jingdong Mall. It is a company that has achieved a lot since it started in the year 2004.

Richard Liu Qiangdong is the founder of the company, and it was formerly known as 360Buy.com before being named JD. In order to obtain the name JD, the company has reportedly spent more than five million dollars. In an interview, Richard Liu Qiangdong, founder of the company said that the name is the abbreviation of the initials of his and his former girlfriend name.

JD has in a very short span of time become of the leading e-commerce companies in the world and is often compared to Amazon. In China, Jingdong is a household name and has a turnover that is a close second to Alibaba, which is the largest e-commerce portal in China currently. The success of JD has made Richard Liu Qiangdong, the founder of JD, one of the richest Chinese in the world. See This Article for more information.

One of the reasons why Jingdong has been in the news recently is because of its high-tech delivery technology. Recently, the company started utilizing a drone delivery system and has also tried the driverless truck for delivery. The “Boundaryless Retail” strategy by JD has made it easier for the consumers to shop online while on the go.

JD has also opened one of a kind lab called “Digitized Retail Joint Lab”, that would research and create products based on Internet of Things. The lab will help find an efficient retail solution and generate new vending machines apart from new technologies to help JD move to the retail business in the future.

Jingdong aims to improve the shopping experience of the customers where they will be able to see and touch the products they need before ordering them online at competitive prices. The new tech lab is in addition to their drone delivery that is already reaching out to even the remote areas in China and within minimum delivery time.

 

More about JD.com on https://www.wsj.com/articles/chinese-retailer-jd-com-turning-its-logistics-network-into-broader-delivery-service-1539833400

 

Richard Liu Qiangdong Is The Man Behind JD.com

 

The Genesis of Richard Liu Qiangdong

Richard Liu Qiangdong is a Chinese businessman who made his way to the top through hard work and dedication. Qiangdong always knew that he wanted to be an entrepreneur. He saw his parents work hard on their family business, and he decided that he wanted to own his own business as well. While still at the University, Liu Qiangdong decided that he was going to open up a restaurant. He sought out loans, and he started his business.

Unfortunately, Liu Qiangdong did not have any success in the restaurant industry, so he decided to get a job at a Japanese company. Liu Qiangdong was a dedicated worker, and he was able to work his way to the top in this company. While in the company, Liu Qiangdong learned valuable skills that would later help him to developed as a leader.

 

Making his Own Way

Richard Liu Qiangdong had no plans to work as an employee for all of his life. He wanted more. He had the idea to open up a store that sold optical products. He planned his departure from his employment, and he set out to open up his store. Go Here for additional information.

Within a relatively short period of time, Richard Liu Qiangdong was able to open up a total of 12 stores that where doing quite well. Things changed for Liu Qiangdong in 2003. There was a SARS outbreak that occurred in China, so Liu Qiangdong had to find an innovative way to sell his product without infecting his customers and his employees.

 

JD.com

Qiangdong had the idea to sell his products over the internet. Liu Qiangdong created an e-commerce platform, and he began to sell his products online. Within a short amount of time, Richard Liu Qiangdong was able to close all of his stores, and JD.com was selling a wide variety of items.

JD.com is now the largest e-commerce platform in China, and this company is able to reach almost 100% of the population of China. JD.com sells products that are high quality and affordable, and that is the reason why this platform has been able to become number one.

 

Source Article: https://www.thecasecentre.org/students/products/view?id=148717

JD.com Improves Access To Capital And Resources

JD.com is an important service provider for online retail in China. They have created a variety of innovations to help improve the consumer delivery system. Some of their collaborations have led to industry wide changes such as cloud data management and vast infrastructure for delivery. JD’s development of techniques has been based on incumbent issues to rapid scaling. Having large volumes of data was always a problem.

 

Some of the commitments that they have made to the public include greater service variety and fast delivery times. JD.com has made a big difference in the development of infrastructure and with vendor partnerships. Collaboration and relationships with multiple agencies and vendors has contributed to their large scale and size. JingDong is known for their continued development and governance throughout the Foundation. Some of the differentiating aspects to their service include well developed strategies for industrial growth. Lower costs as well as better customer service are also some of the outcomes of their enhanced design and systems.

 

Multi-dimensional aspects of artificial intelligence have guided the development of multiple operations and aspects of collaboration. Their unique management style has paved the way towards better technology and management of operations. People can buy a large variety of goods and services with JD.com. Perishables, electronics and a range of other products are applicable. The community has made significant changes to the way that maintenance as well as related costs can be assessed. See This Article to learn more.

 

JD.com is an innovative solution and industry leader because of the research and consistent performance that they conduct. Not only do these standards help improve the way the company functions, but also sets standards for long term success. Because of the large number of areas that are served by JingDong it is clear that they will continue to grow and expand throughout the region.

 

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

JD.com Records Massive Sales During The Singles Day Festival

 

The recent surge in the sales of imported goods is an indication that consumers in China are more sensitive to quality than the price of a commodity or service. This explains why there was an increase in the number of consumers to JD.com, who are willing to pay more for a variety of goods stocked in its online stalls. Most of these products originate from Japan, Germany, the Netherlands, South Korea, and the United States.

 

During this year singles day shopping festival, which was the first to involve other brick and mortar retail partners, JD.Com rewarded its customers with a rare shopping experience. For the first time in the retailer’s history, transaction volumes on Jingdong’s e-commerce platform rose to a record high of RMB 159.8 billion, which is approximately us $ 23 billion. The shopping extravaganza lasted for 11 days, with global brands such as Apple Dell.SK-II, Dyson and pampers recording impressive sales.

 

Over the years, JD has made a deliberate effort to position itself to meet the growing demand and consumer loyalty. Part of the initiative includes an emphasis on zero-tolerance policy on fake goods. The company has also made a massive investment in growing innovation in blockchain traceability to ensure product safety. The reason behind the sale of more than 400 million items is the Chinese uptake of imported products, especially fast-moving consumer goods at the festival period. Compared to the same period last year, the sale of food products such as meat, fruits, Canadian lobsters, and a variety of seafood doubled. Get Related Information Here.

 

Apart from “Fast Moving Consumer Goods” and electronics, more than 25 million products from home and life category were purchased. The leading products included with cookware, home furnishing, decorative and many other related items. The products recorded an impressive consumer demand in all of the JD stores.

 

Jingdong has also entered into a partnership with other retailers. In the agreement, Jingdong has opened its superior online platform to those retailers with an eye on the Chinese and Middle East market. Through its strategy dubbed “Retails as a Service” strategy, Jingdong has currently given to more than 60,000 retail stores access to its technology-driven infrastructure.

 

View Source: https://www.nasdaq.com/symbol/jd/real-time