JD.com is a very famous company since it is not only the largest online retailer but also the biggest internet company in China. JD.com is also a Fortunate Global 500 member.
The Company is the largest revenue-generating company in China, and its progress has been increasing every year. For instance, its Gross Merchandise Volume (GMV) was RMB 32.7 billion in 2011 which increased to RMB 73.3 billion within a year. This GMV continued to increase RMB125.5, RMB 260.2, RMB 462.7 and finally RMB 658.2 billion from 2013 to 2016 respectively.
JD.com has a website that is not only user-friendly but also rich in content. This website, therefore, provides a gratifying online retail shopping experience to its consumers. It is also very convenient since it offers a wide range of authentic products. When consumers place their orders, the products are delivered without failure or delays. Also, it also offers in-person and convenient online payment options.
Partnership with Other Organizations
Jingdong has also partnered with other companies such as San Miguel. This partnership is aimed at boosting the market of fruits and vegetables in China. It came into existence as a result of an initiative that Jingdong termed as ‘Global Fruit Strategic Alliance.’ This project involves 18 other renowned fruit-producing companies. JD.com has also recently announced its partnership with the fashion and textile conglomerate Ruyi, and the duo will be offering sponsorship on the BFC/GQ Designer Menswear Fund.
Jingdong is continually expanding its operations to Southeast Asia with the launch of another e-commerce platform, JD CENTRAL. This new platform is aimed at extending the company’s footprint in that region. There is, also, an already established e-commerce platform targeting Indonesia and Tiki meant for Vietnam.
Increase in Sales
JD.com offers both marketplace models and direct sales which has led to a significant increase in sales. These sales range from digital products to fashion, electronics, books, home appliances, music and also the fast-moving consumer goods like beverages, cosmetics, and processed foods among others.
Source of the article : https://www.crunchbase.com/organization/jd-com