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JINGDONG SHARING IS TECHNOLOGY WITH OTHER RETAILERS February 21, 2019

With the introduction of online shopping and technology to businesses, brick-and-mortar retailers are finding it easy to control their businesses and improve the quality of services they offer. By use of smart logistics, smart chain and smart supply the retail business is slowly transforming to the better.

 

Despite all this, the previous offline market is still in business and is nowhere near collapsing. Many people think that the offline market is dying due to the introduction of online business, but it is only a small portion of businesses that utilize online services. The rest is dominated by offline companies. Over the past years, e-commerce has expanded, but it does not account for more than 15% of companies in China.

 

Jingdong Mall is the most extensive online retail shop and has been around for over a decade. In those years, it has established relations with other offline companies enabling it to build a logistics network that covers over a billion of the population in China. The system is fast and reliable as it can deliver client’s orders in a day or two of the purchase.

 

Jingdong is now sharing its diverse abilities and technology with other companies by selling it to them. It is, therefore, contributing to improving the mortar-and-brick retail business. In the past, technology was only there to offer little support to retail businesses, but with the evolution of time, it has become a critical aspect of retail. Any company that incorporates technology to its businesses is considered to be better and more reliable than those that don’t.

 

Smart consumption enables customers to buy goods from the comfort of their homes or cars. It joins the ideas of both online and offline shopping making it better. Smart consumption also enables a client to test out various items without having to try them on. See This Page for more information.

 

For example, if one is shopping for home décor, they can test the décor virtually in a home before buying the items. Smart supply has speeded up the process of delivering items to clients. Nowadays it takes twenty-four hours or less for consumers to get their goods due to the use of technology. Jingdong is improving the retail business by use of its technology.

 

In an article with WSJ, “Chinese Retailer JD.com Turning Its Logistics Network Into Broader Delivery Service”, Jingdong talked about new package-delivery service will compete with private express carriers in a crowded market in China for parcel transportation. This marks the next step in leveraging the nationwide logistics network that JD has built over the past decade.

 

More about Jingdong on http://stock.finance.sina.com.cn/usstock/quotes/jd.html