JD.com

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jd.com
230px
Type Public
Traded as NASDAQ: JD
Headquarters Beijing, China
Founder(s) Liu Qiangdong
Industry Internet, Online retailing
Revenue Increase CNY 181.287 billion (2015)[1]
Employees 94,615 (Sep 30, 2015)[2]
Website www.jd.com
Alexa rank Increase 88 (February 2016)[3]
Type of site E-commerce
Advertising Web banner
Launched 1998

JD.com or Jingdong Mall (Chinese: 京东商城; pinyin: Jīngdōng Shāngchéng), formerly 360buy,[4] is a Chinese electronic commerce company headquartered in Beijing. It is one of the largest B2C online retailers in China by transaction volume, and a major competitor to Alibaba-run Tmall.[5][6] Its English website, for worldwide shipping, launched on October 18, 2012.

The company was founded by Liu Qiangdong (a.k.a. Richard Liu) in July 1998, and its B2C platform went online in 2004. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, etc. Jingdong Mall changed the domain name to 360buy.com in June 2007, and to JD.com in 2013.

History

  • June 1998 - The company was founded as Jingdong Century Trading Co., Ltd selling magneto-optical in Beijing, China.
  • January 2004 - The company’s B2C site went online as jdlaser.com
  • January 2006 - Shanghai subsidiary established
  • January 2007 - Guangzhou subsidiary established
  • June 2007 - began using the domain name 360buy.com, and the company name was changed to Jingdong Mall.
  • December 2010 - 360buy.com started online bookstore. CDs, DVDs and ebooks were added in the following months.
  • April 2011 - 360buy.com launched platform named “POP” for brand owners.
  • October 2012 - en.360buy.com was launched for the international market
  • March 2013 - the company's domain name was changed to JD.com.
  • March 2014 - Tencent acquires a 15% stake in JD.com by paying cash and handing over its e-commerce businesses Paipai, QQ Wanggou and a stake in Yixun to JD.com, in order to build a stronger competitor to Alibaba Group Holding Ltd.[7]
  • April 2014 - Subsidiary's Lawsuit Against JD.com Accepted By Court

Awards & Accomplishments

  • In December 2011, 360buy founder and CEO Liu Qiangdong was named “CCTV Economic Person of the Year in China” for the year 2011
  • In September 2011, 360buy was named “Best Employer of 2011: Company Most Suitable to Work for in China” by the Fortune magazine (Chinese Edition)
  • In August 2011, 360buy was included on the “List of Model e-Commerce Companies” by the Ministry of Commerce
  • In May 2010, 360buy was named one of the “Top10 Growing & Innovative e-Commerce Companies in China” at the 4th APEC e-Commerce Business Alliance Forum hosted by the Ministry of Commerce
  • In May 2010, 360buy was named one of the “Top10 Growing & Innovative e-Commerce Companies in China” at the 4th APEC e-Commerce Business Alliance Forum hosted by the Ministry of Commerce
  • In December 2008, 360buy was named “The Most Trustworthy Company” during the selection of Beijing’s trustworthy e-commerce companies in 2008 hosted by China E-Commerce Association

References

  1. ↑ JD.com Announces Fourth Quarter and Full Year 2015 Results // JD.com
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ China's B2C E-commmerce Giant 360buy Rebrands, Retrieved December 3, 2013
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lessons from an early failure, FT.com, Retrieved December 3, 2013
  7. ↑ Tencent to Buy 15% Stake in JD.com to Boost E-Commerce // Bloomberg, March 10, 2014

External links

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