JD.com Will Provide One Million Sustainable Products
JD.com, China’s second-largest e-commerce firm by transaction volume behind Alibaba, offers a broad range of legitimate items at low rates and fast and dependable delivery. The firm has established its countrywide fulfillment and last-mile distribution networks, supporting its direct online sales, online marketplace, and omnichannel businesses. It is operated entirely by its personnel. In 2010, JD started its online marketplace.
JD.Com Founder Richard Liu Celebrates His 10th Anniversary
As the company celebrates its 18th anniversary, Richard Liu Qiangdong, the grower and high of China’s e-commerce behemoth JD said his company would “do the correct thing [in] the right way” under growing government scrutiny the country’s Big Tech industry.
Liu acknowledged the company’s transformation and quick expansion in recent years in a letter to investors. Noting that it has completed initial public offers for its health and logistics businesses and established the 618 shopping event as another significant event in China’s competitive e-commerce environment.
Summary of Net Worth
Liu’s income stems from a 14.5 percent investment in JD, a Chinese online retailer. According to a business presentation, JD will have over 569 million active consumers by 2021.
According to a 13G filing as of December 31, 2021, Liu Qiangdong owns the assets via Max Smart, a British Virgin Islands-based holding company. He also shares the firm through Fortune Rising Holdings, a British Virgin Islands-based investment company. Fortune Rising’s shares are not included in Liu’s value since they are owned as part of a share incentive scheme that provides no personal financial advantage to him.
JD’s Growth and Success
JD.com’s roots have grown beyond its online store, embracing everything from pharmaceuticals to fresh food to reopening physical storefronts. JD jumped from 17th to 13th place on the Fortune China 500 list for the fifth year in 2020. JD.com has established itself as China’s go-to site for quick service, genuine merchandise, and a shopping environment geared to today’s online customers.
Each aspect of this encounter has been thoroughly thought out and produced with Qiangdong’s original idea in mind inside this very carefully established corporation. The organization expects to expand its area of control into Thailand, Southeast Asia, Europe, and beyond due to its continuing success and numerous honors. JD also aims to extend its product regularly, attracting worldwide interest from various retail and e-commerce companies. The organization anticipates long-term collaborations with these firms and excellent worldwide commercial ties.
The First Shipment Of COVID-19 Rescue Donations From JD
Following JD’s announcement on February 18 that it would give RMB 100 million yuan worth of COVID-19 relief supplies to Hong Kong medical professionals, the city’s first cargo truck containing roughly 15,000 protection suits arrived on February 23.
More boxes are on their way, with the first batch consisting of over 6,000 personal protective equipment (PPE) comprising masks, gloves, and sanitizing gels sent from manufacturers and warehouses across China over the weekend and aggregated in Shenzhen.
Green Impact Initiative at JD Will Provide One Million Sustainable Products
JD announced the start of its “Green Impact Initiative,” which aims to encourage sustainable consumption across the supply chain. Starting with this year’s 618 Grand Promotion, China’s largest mid-year purchasing festival, JD will pick around one million items to be green-labeled, making it easier for Chinese shoppers to locate and buy green products.
On May 31, the initiative was launched on JD’s app in partnership with worldwide partners such as P&G, JOMOO, L’Oréal, CHERY, PurCotton, Nestlé, Panasonic, Abbott, and the China Association of Small and Medium Enterprise. Customers may earn green credits by purchasing these designated items. They can then redeem them for green products, coupons, and accessories, including digital collectibles, through a newly formed green account system incorporated into JD’s app.