JD.com is the leading digital online platform in the business transaction. It was founded and headed by Liu Qiangdong. In November 2021, the business broke the sales record in a day during its mega promotion. This milestone in business development has brought a significant shift in the business’s operations and the upgrade of its strategies. Despite its rapid growth and development, JD.com is partnering with other companies for advanced development.
In November 2021, JD.com seven fresh jointly opened a new food complex with a Japanese retailer called MUJI. Together, the two have launched a new food store that sits on over four thousand square meters, offering a range of meal solutions to their esteemed customers. This marks the first one-stop supermarket for JD.com, where the management is most concerned about the vast growth in the industry.
In recent years, JD.com has experienced high consumption of quality products, especially in the fashion and design category. Additionally, transactions of luxury products increased within the first ten minutes, which is an increase compared to the previous years’ promotions. On the other hand, the transaction volume of pet nutrition increased within the first ten minutes of the rise. However, since the establishment of JD.com health pet hospital, the number of veterinarians joining the service has increased.
Lower tier markets comprise the largest group that uses JD.com single-day great promotion.
This sector has seen rapid growth in the home appliances category, décor, and medicine categories. In the entire 15,000 JD home appliances stores, two hours of their transactions surpassed the previous day’s total sales. During this single-day promotion, the company launched an intelligent supply chain connecting agricultural industry belts in northwestern China. The chain will be performing warehousing, sorting processes, packaging, and fulfillment services.
From now on, JD.com Omni-channel fresh food plans to accelerate its growth by opening more than ten mega stores in southern China and over twenty stores in other regions by the end of this year. Furthermore, SEVEN FRESH is striving to become the top retail brand in china within a span of five to seven years. This resulted from the excellent performance of the chain store in the last month, where the chain made 3 billion RBM in one year. This gave the management a chance to set the pace of development, aiming to achieve 100 billion GMV in the future.
JD.com, under Liu Qiangdong’s management, has developed its logistic sector to ensure that all the customers in remote areas can enjoy the same standards of goods and services as with people in the urban areas. Furthermore, the company got other parks powered by automation technology that increased service delivery ease. The company can deliver an order within 24 hours in both cities and villages within china. On their November promotion day, the company applied over four hundred automation vehicles to help contactless delivery during the covid-19 outbreak.
The management led by Liu Qiangdong is looking forward to the lantern festivals to ensure that they have equally informed people of their quality services and products. Furthermore, they have tasked cloud management to ensure everything runs smoothly. This is to ensure they have delivered goods to their customers on time. To ensure that they have marked their ten years’ celebrations of outstanding performance, the management commits to providing their products on time and offering their customers gifts, free coupons, customized color designs to keep their customers satisfied.