JD.com Helps Chinese Book Stores To Thrive

Bookstores are still around in the age of internet and computing technology. However, they are not as profitable as they once were in the past. The problem is that avid book readers can get a lot of their material online. Major online retailers are dominating the field of book sales. These massive online organizations can provide just about any type of reading material that a person desires. They can also provide this service at a fraction of a cost. Still, brick and mortar book outlets need customers to buy their products. Thankfully, large scale online retailers such as JD.com or Jingdong has found solutions for this problems.

 

JD.com stands for Jingdong and it is the biggest online retailer within the nation of China. The company is headquartered in Beijing and it serves hundreds of millions within southeastern Asia. People all over China like JD.com because the online retailer provides just about any type of novel, fiction or comic book product at a low price. Jindong knows that it literally has helped to push real world bookstores near the brink of extinction. However, these bookstores are now receiving help from this multi-billion dollar giant. Find More Information Here.

 

Bookstores throughout China are being targeted by Jingdong. The organization is helping book outlets by providing them with a wide variety of services that will help them to stay in business.

 

Jingdong partnered with Tangning and other specific bookstores to help sell hard copy and digital books to Asian consumers. Book shops also uses JD.com’s consumer spending analytics to help meet purchasing trends.

 

Jingdong also works with book stores by expanding their inventories. Stores cannot literally hold every book title imaginable. So, they sometimes rely on JD.com to sell books that they cannot contain within their buildings. Consumers simply purchase the book and it is delivered to the store or to their address within a certain amount of time.

 

Jingdong also services book outlets by helping them to stay relevant to local consumers. When a local book store has an increased virtual inventory and access to an unlimited supply of books it will boost their bottom line. Also, having more access to consumers and their book purchasing trends will definitely improve their ability to make more sales. The point is that Jingdong is helping to keep bookstores open and relevant to consumers all over Southeast Asia.

 

See Also: https://ieeexplore.ieee.org/document/6305161/metrics#metrics

JD.com Has Yet Again Set Some Big Records

 

JD.com, which is also known as Jingdong Mall is already China’s leader in retail as well as e-commerce and the transaction value that the company does is constantly increasing all the time. This impressive volume of transactions reached a new Jingdong’s record during November 2018.

This coincided with the “JD.com Singles Day Shopping Festival”. This amazing event was organized in cooperation with many traditional, physical location retailers across China. It is all a part of the continued success at JD.com as its loyal customers continue to come to the company in order to fill all of their shopping needs in a truly wide-ranging number of product categories.

These days, Jingdong is really offering its customer base a great range of items from all over the world. These products that the e-commerce leader sells come from places such as the United States, South Korea, Japan, Germany and many others. These great products fit well into a Chinese market where product quality is paramount over the concept of low price. Jingdong Mall has made a commitment to ensuring that all of its products that are sold are one-hundred percent authentic.

During this recent and monumental event, there were over four-hundred million pieces of merchandise that Jingdong Mall sold and items such as fresh food were selling twice the amount as they were the previous year. An incredible six-hundred thousand plus retailers that operate in a physical location are now linked into the JD.com logistical technology and having amazing results due to their affiliation with the innovative firm.

Constantly improving and developing this logistical infrastructure has been high on the priority list for the JD.com executive team in recent years. It is all a part of the commitment that JD.com has to always find new ways to deliver this highest level of service to its consistently loyal customer base. Read This Article for additional information.

The Jingdong team is committed to a vision in which the boundaries that retailers faced in the past are removed. Endless retail supply chains are the overall goal with the Jingdong executive team and the plans for the future are truly exciting and the company continues to innovate.

 

Source Link: https://www.wsj.com/articles/chinese-retailer-jd-com-turning-its-logistics-network-into-broader-delivery-service-1539833400

Richard Liu—The Backbone Of JD.com Shares His insight!

 

Richard Liu is the founder and CEO of JD.com, one of the largest e-commerce organization in China. He worked hard and built the company from scratch which today has a net worth of $57.6 billion.

Richard Liu belongs to a small family and his father was a sole trader, who transported coal. However, he went to Beijing to join college and gained graduation in sociology and later EMBA. Along with the college, he opened a small restaurant which didn’t work out well and collapsed. Later in Jingdong in Zhongguancun High-tech Industrial Park, Beijing he opened physical stores where he sold magneto optical products and by the year 2003, he had opened 12 stores.

But unfortunately, due to the SARS outbreak, which leads the employees to stay at home and as a result, the business was on the edge to go down. But by the end of 2004, Richard Liu along with his managers figured out that if physical stores couldn’t work out they can have online stores—while they worked on both, side to side (physical and online stores).

After comparing the outcomes out of both, customers had a better experience through online stores which made them expand the business respectively. With relentless progress, they had almost everything available sold on online stores by 2010. With 167,000 employees working, and 500 logistic centers operating JD.com lies on the 4rth largest market place in China. JD.com doesn’t just deliver its products in China but also in New York, London and Paris. See This Page for additional information about Richard Liu.

According to Richard Liu, the hottest products that are bought through JD.com are consumer goods, food, and fashion products. Richard Liu plans to expand his business by using different business strategies. Firstly, by bringing the world’s best quality product to China and secondly expanding the business roads to South East Asia, following the Middle East and then Europe as well as America.

Webforum.org has an article titled “An Insight, an Idea with Richard Liu” that gives a lot of information about the mogul and where he is going. To understand where Richard Liu is going, it is important to see some of his success.

Talking about Richard Liu’s typical day, he wakes up early and then his routine starts by attending a meeting of the managers followed by other internal and external meetings through WeChat and emails. Talking about his personal life Richard Liu is a proud son, father, husband, and partner in the business. He is the father of 2 kids, his hobbies include swimming, brisk walking and he loves to travel in deserts!

 

More about Richard Liu on https://variety.com/exec/richard-liu/