JD.Com NOTES
Fortune 500
1998:
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Founded
committed RMB12,000 of his savings to lease a four-square-meter retail unit in Beijing’s
technology hub of Zhongguancun. Here he established JD Multimedia
2003:
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SARS outbreak: Richard saw an opportunity and potential of online retail
2004:
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Richard closed its brick and mortar shop and moved his business online (www.jdlaser.com)
2007:
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JD began to build its own logistic network to deliver to the consumer directly and ensure
superior customer experience
2008:
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began offering general merchandise, not only electronics products
2013:
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JD recorded 125.5 billion RMB in GMV, surpassing 100B
2014:
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Strategic partnership with Tencent (exclusive access to their social platform)
China’s first major e-commerce company to be listed in Nasdaq exchange
The company’s automated and most advanced logistic center began operations
2015:
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JD Finance launched China’s largest private equity financing service to help attract investment
for start-ups.
JD launched JD Worldwide, a cross-border e-commerce platform to give Chinese consumers
greater access to imported products.
2016:
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JD.com and Walmart announced a strategic alliance