Recently, a majority of bookstores across the globe have been experiencing a decline in traffic on their online stores. Reduced sales accompany this shortcoming due to the emergence of internet companies like Jingdong. It is because this company operates a thriving online bookstore and offers a quick solution to the procurement of this product.
JD.com versus Tangning Books
For this reason, Jingdong has decided to work with bookstores such as Tangning Books by helping them expand their e-commerce business. With the use of its vast technology, this company intends to modernize Tangning supply chains and increase their sales. The two companies work together by acquiring books from JD.com inventory and sending them to clients using the latest technology to ensure that they reach consumers with minimal delays. Tangning has also made it easy for its customers to acquire books it does not have by enabling them to scan using QR codes and having them delivered by JD.com. Since the two organizations began working together, Tangning has significantly reduced its yearly turnover to 220 days. This intervention has given the company a competitive advantage over its numerous competitors in the marketplace. Aside from Tangning, Jingdong continues to help more companies grow using its RaaS solutions.
Jingdong also commonly known as JD.com is the third largest internet company in the world and is located in China. Before, it was known as 360buy and was founded by entrepreneur Liu Qiangdong. The company has generated revenue amounting to $362.3 billion. Jingdong trades on NASDAQ and its shares go for US$21.45. Based on how much it has grown, the company competes against companies such as the Alibaba-run Tmall. This conglomerate started as a retail shop before going online. As the business became, it began to diversify its portfolio with the sale of mobile phones, electronics, and computers. In 2004, the company set up its first online store. This changes came with remaining of the company to JD.com and launch of a new business logo. Since then, the company has continued to conquer new markets with increased use of technology to deliver goods to clients. Currently, the company uses robots, drones, and autonomous technology as a form of AI delivery. Jingdong has the most diverse drone delivery system in the world.