Jingdong Mall is the moniker that is behind the name of JD.com. Jingdong was created through a creative merge of Richard Liu’s name and that of a girlfriend. Regardless of how it got its name it is quite successful and been in existence since 2004. Richard Liu Qiangdong has been working and some form of business since 1998.
Liu is 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.
Jingdong retail stores were known as brick and mortar before they were all closed in 2004. But with technology, an article published in January the 10th this year suggest that the stores are to stay. This can be summarized with three statements. They are; smart consumption which deals with providing customers with the ability to try out objects while in their houses or while driving, smart supply concerned with making retailers able to predict any information concerning sales, price changes, latest and most bought brands and lastly smart logistics which ensures timely delivery of goods and products. View Related Info Here.
The three combined give any retailer brick and mortar included all the information they need. This can range from the customer’s needs, how customers behave in different situations, how customers behave at different times of the year among others. This not only improves the opportunities of the entrepreneurs but can be a great way to change customer experience positively.
Jingdong Mall, led by Liu Qiangdong is still the leading retailer in China and has remained in business for over a decade despite the challenging times on the way. Throughout the years, the company has managed to make collaborations with the remaining retail entrepreneurs who do their business offline. This collaboration has built a network of traders that can cover an estimate of 99% of Chinas population. The collaboration has also made the delivery of products 90% more efficient with over 90% deliveries to goods ordered done the same day. While making advancements to their technology, Jingdong is providing delivery of goods as a service to other retail owners. This is a great way to make a reality the brick and mortar retail experience.
Though online trading and products delivery is not a support for business it exists as a vital instrument in staying ahead in any market. Smart Consumption has brought together offline retailers and online retailers as well as customers. It has also brought technology like virtual reality and augmented reality. Smart Supply through the support of Artificial Intelligence and the use of databases has enabled prediction based on customers observed traits. This can help determine the number of products to be delivered and the amount of time. Smart logistics has made the movement of products within stores and to customers easy by avoiding traffic effectively and the ability to follow scheduled routes
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