China’s largest retailer, JD.com, is a company that has been in business for more than 18 years, and it is one of the most popular online retailers in China today. They offer electronics, home appliances, clothing, and many other goods to consumers throughout China. This blog post will provide you with some interesting facts about this company and how they’ve grown to become so successful!
JD.com is China’s biggest retailer, and its main competitor is Alibaba Group, which runs world-famous online retail marketplaces such as Taobao Marketplace and Tmall.com. JD.com was founded by the former English teacher of the Founder of Alibaba Group, Jack Ma – Liu Qiangdong, also known as Richard Liu. The company is headquartered in Beijing, China, and has over 100 million members on JD Worldwide, their global e-commerce platform.
It was initially founded to offer local Chinese consumers quality products at affordable prices. Still, they have expanded outside of Asia and are currently available in several other countries, including Australia, Czech Republic, India, Malaysia, Pakistan, the Philippines, Poland, Russia, Singapore, and Thailand.
JD Worldwide owned by Liu Qiangdong is known for selling many different products, but they are especially well-known for selling quality electronic products all over China. Some of these companies include Nike, Acer Inc., AsusTek Computer Inc., and Dell Inc. They have also expanded their business by opening JD.com.org, which provides a platform for Chinese companies looking to sell their products in the US and European countries that are not yet available on JD Worldwide. They also offer other services such as JD Finance, an online financial service company that focuses on providing loans and asset management products to e-commerce retailers and consumers in China, Autohome Inc., a company that provides information and pricing for all kinds of automobiles in China, Y3 Technologies which is a company that focuses on the development of artificial intelligence technologies, etc.
One of the most significant investments made by JD was when they acquired one of China’s largest supermarket chains, the Wumart chain who had about 400 retail locations throughout the country. This acquisition instantly made JD the third-largest supermarket chain in China today. It helped them expand their business so much further than before by adding its offline retail store presence to supplement their online e-commerce business, which was already booming.
Since 2002, JD has been listed on NASDAQ (NASDAQ: JD), debuting with an IPO of $19 per share. For this deal, the company retained the investment bank Citi (C) and law firm Pillsbury Winthrop Shaw Pittman.
In 2010, they went public on the Tel Aviv Stock Exchange (TA: NASDAQ). In 2014, JD began to sell its products and services in California, the USA, which has led the company to hire some local employees in the area.
In 2015, JD had ventured into its first foreign e-commerce market by expanding beyond China’s borders and started selling products in Hong Kong. This expansion was done with the help of a British online retail shop called ASOS (LON: ASC). JD is the largest shareholder of ASOS, a retail company that sells clothing and other fashion items.
It was announced in 2016 that JD had signed an agreement with the Czech government to invest about $247 million into creating more than 30 new jobs in Prague. Their long-term goal will be to expand throughout Europe over the next few years.
This year, JD has continued its expansion into other markets by adding Australia to the list of countries where they are now selling products. They have also started working with many American companies to sell their goods in China and several other Asian countries! This is a fascinating time for this company because it shows that they are not willing to settle for just doing business in their home country of China. Still, they are eager to take the risk and enter many other countries worldwide, ensuring that they can get more customers on board.
