China’s biggest online retailer as well as largest overall retailer is JD.com.
Jingdong is also China’s largest internet company by any monetary means. This company sets the standards for internet shopping through the commitment to authenticity, quality, and its various products that offers everything from electronics, fresh food, apparel as well as cosmetics.
Jingdong Mall has a nationwide network that provides standard same as well as next day delivery services that blankets a population of more than one billion consumers. This company provides excellent customer service and lightening speed that is truly unmatched worldwide.
In the year of 2018, consumers flocked to Jingdong Malls for a variety of goods available in almost every category of consumer good. During a recent period of online sales, worldwide brands such as L’Oreal, SK-II, Apple, Dell, and Pampers as well as many other name brands saw enormous sales performances. Consumer products from Germany, Japan, the United States, South Korea, and the Netherlands were especially popular with the online shoppers.
Jingdong has positioned itself in a very unique position to meet the supply and demand quota or sequence for a great online retailer. They have established trust with their shoppers and also their name brand products. JD.com has their zero-tolerance policy to thank for their booming online business. JD.com has no fake consumer products and their business innovations excel for product safety. Get More Information Here.
Lei Xu, CMO of JD.com and CEO of Jingdong states that there is a significant shift in China for the quality over the price of the products. They have seen a growing number of online shoppers who are willing to purchase and pay for more imported and name brand goods.
Jingdong was able to sell more than 400 million products offered by its Fast-Moving Consumer Foods and Foods Business Group. Their orders for fresh seafood and fish nearly doubled from the previous year.
Learn more about the company on https://www.chinainternetwatch.com/tag/jingdong/
Richard Liu Qiangdong is the CEO of one of the top ten most liquid market cap companies online today: JD.com. It sells billions of goods ranging from fashion to automotive to electronic goods and started out when Richard was selling computer parts around China. Richard Liu is considered as among the top entrepreneurs in the e-commerce industry. After launching his first online retail website sometime in 2004, he founded his JD.com only a year later.
In an interview in 2018 with Rubenstein titled “An Insight, An Idea”, Richard Liu told him that he started JD.com in 2004.
Now Liu’s worth an approximately estimated $10 billion and has a daughter that is two years old who knows nothing of the hard life that he endured to get to that point. He hopes that she will never know and just know what life she will want, because he grew up poor and hard-working like most of us. His grandma was sick, and he had to take care of her, so he went to college to try to get a better life for her.
Competition is fierce for Richard Liu. Many friends of his discuss protectionism in China and are feeling that it is harder for them to get into the United States than ever before. Protectionism is “quite serious there, and not a good thing. I hope that it will hurt the U.S. economy one day too and that we will be integrated.” Richard Liu hopes to leave something to China within the next century so that when he retires his people will be able to say that he is a good guy; He doesn’t think he will retire before he is 65. The thing that gives him the greatest pride is family. He really wants to be a good son, husband, father, boss, and good partner all around. “You do play different roles in life.” Find More Information Here.
His parents did transport on a canal in a struggling business, and so he left of the city to start a restaurant which failed belly-up. The lesson that he took away from that was to dedicate more time to the business, because at the time he was in college and focusing all of his energy on that. Before he went to university, he needed to make money. The life lesson was huge for Richard.
Visit him on https://www.jonesday.com/rliu/