Richard Liu Qiangdong Notes That The China-US Trade Wars Will Not Affect JD.com

 

Apparently, a significant number of individuals are already worried by the escalating trade war between China and the United States. The two country’s top administration have been introducing tariffs from any product emerging from any products or service coming from the other country. However, Richard Liu Qiangdong, who is the founder and owner of JD.com does not feel that the trade war between the two countries will lead to serious impacts on his business.

Richard Liu’s JD.com is an online retail platform that has been making headlines due to its extreme expansion and market entry strategies. The vision of the e-commerce store is to dominate the Chinese market before deciding to move to other countries around the world. Currently, JD.com has more than three hundred million customers in a single year, which is a clear demonstration that the company is expanding faster than what competitors might have anticipated. See This Page for more information.

Besides having more than three hundred million customers who are active in nature, the company recorded about $56 billion in revenue in the period between 2016 and mid-2017. This means that the entity is recording significant revenues, some of which can be compared to those recorded by other e-commerce platforms in the world such as Amazon. JD.com might not replace Amazon in the world but it is evident that it is giving Alibaba, another e-commerce retail store in China a run for its money.

While speaking about the trade war, Richard Liu Qiangdong wanted to eliminate fears that JD.com will significantly be affected because it has a significant partnership with United States based companies such as Google, Walmart, and Tencent. However, the chief executive officer highlighted that there is not relationship between the financial partners and the current trade wars between the two countries.

Richard Liu Quiangdong highlighted that JD.com will continue with its partnership with the firms based in the United States because he was positive that the trade wars will not continue as they won’t benefit any person. However, a significant number of customers are worried that products from the United States might be available at very high prices. Richard Liu played down the fear by highlighting that JD.com has the capacity to source other similar products from Europe or other countries around the world.

 

Visit Liu on https://www.crunchbase.com/person/qiangdong-liu

JD.com Partnerships And New Brands

The biggest online retailer shop in China is Jingdong, also known as JD.com. It is also China’s most successful shop online. It has ensured that its online buyers are provided with the best quality and a variety of products to choose from. They trade in all types of goods, from foodstuff to clothing and electronics to cosmetics.

 

Jingdong has set up the best system countrywide where its customers who are more than 1billion people are served on time. They offer daily deliveries or next day deliveries as per clients’ descriptions.

 

Jingdong has currently partnered with San Miguel the largest citrus company in China to provide its customers with fresh fruits and vegetables. JD.com made a public announcement that the “Global Food Strategic Alliance” is to boost the sale of fruits and vegetables in China. It is a business agreement where 18 other players in the same field have also partnered so that they become part of the expansion project, which includes Zepri and Wonderful citrus.

 

According to the General Marketing Manager, Jingdong’s mission is to reach the world and ensure that its customers only eat quality food. They are still open to a partnership where they target a win-win situation.

 

JD.com has also spread its wings to South East Asia with the recent launch of JDCENTRAL in 28th of September. It expects to have its online market in Indonesia, and ‘TIKI’ in Vietnam, which is also an online commercial unit. The company previously tested its operations in 18th of June, and according to Jingdong, it’s expected to sell its goods directly to clients and to sell others for re-sale. Since then, it has made tremendous sales. JD.com has provided everything in the store, from electronics, books, fashion music, processed food, and a whole lot of other goods. Go To This Page for more information.

 

Up to this moment, more than 80% of customers have used their cell phones to access their platform. The top moving goods are fashion and mobile devices. Particularly, Companies that offer Chinese products like Lenovo, Huawei, Xiaomi and Oneplus have had good sales. Jingdong has managed to build a very technical retail outlet using the most modern technology. That is all that the firm is taking to Thai customers where all manner of logistics will be implemented to offer quick deliveries. They will, however, have to work closely with local service providers for same day deliveries. Also, their central warehouse must work together with Bangkok, which is Thailand’s capital to ensure a smooth process.

 

Visit: https://global.jd.com/