China’s Largest Online Retailer Jingdong Launches A New Delivery Service
Richard Liu, the Chief Executive Officer and Founder of JD.com began the start-up process of propriety logistics network, in 2007. The divisional firm was started by the founder as an online business in 2003 after he began marketing products over the internet a year before. China Money Network reported on October 18, 2018, the company announced a new service for parcel delivery service with user trials to Chinese consumers. JD Logistics CEO, Zhenhui Wang forecasts the service will increase in demand among communications and technology professionals in urban areas of the country. Five years ago, Jingdong earned RMB125.5 billion GMV, the equivalence of $20.7 billion in US dollars in revenue.
Since building a logistic network, Liu started offering general merchandise over the web, which led to the launching of a marketplace platform to expand its products selection. The new parcel delivery service allows consumers to receive their products in one or two days. In the future, Jingdong plans to expand the service program to include electronics and extravagant items. The e commerce store is offering consumers trials that include various ways to request for pickups. Customers can request for services on the JD.com app, WeChat, and the delivery team WeChat account.
The main objective of the new service program is to bring options diversity to businesses and residents in China with speed and reliability. Consumers no longer have to take their packages to a location to send to recipients, a major benefit. Another objective is that other businesses, shippers and industries have access to JD.com’s infrastructure and high technology. Consumers in Guangzhou, Beijing, Shanghai, and China’s mainland are able to receive next day or same day deliveries at their doorstep or inside office buildings. Thus far, Jingdong is the greatest online retailer with the highest revenue earnings in the country.Richard Liu appointed Zhenhui Wang as the CEO of JD Logistics to oversee its daily operations. The company is a division of Jingdong which was founded in 2004. The online business continues to plan for expansion by creating new services in years to come.