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.