JD.com is the leading e-commerce company in China. The corporate headquarters are located in Beijing, China. The company was privately held and operated by its founder, Richard Liu Qiangdong, for many years until its recent public offering. The company now trades on the Nasdaq. As a startup, JD was launched with little money and big dreams. Today, JD is part of the NASDAQ 100 and Fortune’s Global 500.
The stock’s performance has been strong even throughout these somewhat troubled times involving relations between China and the United States. With the two countries attempting to negotiate a trade deal and all of the news coverage that it is receiving, the stocks of China-based companies could conceivably have been negatively affected. Instead, many of the equities have been on the rise. This includes the stock price of JD. The organization is also known as Jingdong and trades under the symbol of JD. The firm’s stock price recently increased as high as 5% in the trading day, bringing the price to as high as $29 in late May. The stock’s gains for that day ended up at 2.4%. The stock closed higher at $28.17 per share. Other well-known e-commerce companies, such as Amazon and Alibaba, had also reported that they had been doing well as of earlier this year in light of a period of stock market fluctuations in May.
Richard also goes by the name of Liu Quingdong. He founded the company in 1998. It was previously called 360buy. The online retail e-commerce site went live in 2004. Richard primarily focused on the sale of electronic products when the company first started. As it grew in size and volume, Richard Liu added an extensive line of consumer goods and services. Jingdong now employs over 175,000 employees. They serve millions of active Chinese customers, and sales have increased by double digits year over year so far this annum. Earnings and sales revenue for the first quarter of 2019 exceeded the sales forecast. There was a rise in sales of 20.9% as compared to the same period last year. The firm also posted gains in its operating margins.
Liu Qiangdong also announced that Tencent has renewed its platform agreement with JD.com, and that factor has also sparked earnings as well as positive investor reaction to the news. Jingdong has successfully acquired other similar agreements made with an extensive list of retailers and manufacturers. JD.com has become known by the astute Chinese shoppers as a platform that sells practically everything they need for themselves and their families. It has an unmatched variety of goods from vendor/partners that are renowned for high quality genuine merchandise.
Richard Liu has set a high standard for the products that are sold on his website, and he does not allow fakes or takeoffs. Only authentic products are featured on the JD.com platform. He also knows that fast delivery is important to his customers. Orders are shipped out immediately, and they can be scheduled for same day or next day delivery. JD has shipping facilities around the country. JD has his own distribution network of 86 warehouses, 1620 delivery stations, and 214 collection stations located in 495 Chinese cities. Source MarketingtoChina
The organization is led by Liu Quingdong. He serves as the Chairman and Chief Executive Officer of JD. Lei Xu is the CEO of JD Retail, Zhenhui Wang serves as the CEO of JD Logistics. The Chief Strategy Officer of the company is Jon Liao. Sidney Huang is the firm’s Chief Financial Officer, Yayun Li is the Chief Compliance Officer, and Rui Yu serves as the Chief Human Resources Officer.
