JD.com Uses Latest Data Analysis to Increase Sales

 

JD.com, otherwise known as Jingdong is using technology for more than just processing and delivering products. While the company has recently been developing technology to help with the billions of orders that it receives every year, JD.com is also relying on data analysis to bring the customer an even better shopping experience. JD.com is using drones and robot vehicles to deliver to over 99% of China.

During the company’s ‘6.18’ anniversary event, it used its data analysis to introduce customers to new products on a personal and individual level. JD.com studies buying habits and it can then suggest products that the customer may want but they do not know about it. That enormous logistical operation is only possible due to many of the advances JD.com has made in the last year. Jingdong used some of the new data collection and analysis to smash records during the 18 day sales event.

Chinese customers have been looking for high end products including the top names in fashion and electronics, and they have all of the big names such as Prada and Farfetch. As the middle class grows in China, it is not just people in the large cities that are looking for the expensive items.

JD.com has found that people across China are looking for the finest products. The sale resulted in record setting numbers, and millions of dollars of products were sold in just minutes. It shows that there is an even bigger desire than ever to buy everything from food and toys to clothes and cars. See This Article for additional information.

Jingdong has been using this type of sales and data analysis for a while, and it is even using it in its offline locations. Stores can track the foot traffic of customers and find out which products are selling well and in which part of the store items should be located. It is all part of JD.com’s pledge to offer its customers the best possible shopping experience

 

More on https://corporate.jd.com/home

 

 

The RealReal, A Real Choice For Buyers Of Luxury Clothing And Jewelry

Consignment shopping is nothing new in a market where buyers are becoming more aware of the cost of consumption to our planet. Regardless, women and men still want beautiful pieces they can fill their closets with. The RealReal, an online shopping experience for consigned luxury apparel and jewelry seamlessly combines both needs for savvy high fashion shoppers and those who wish to consign high-end fashion.

The RealReal has been so successful with its online sales that they have opened 3 stores in New York City. They have garnered trust from the buying community by hiring expert gemologists and horologists who substantiate the authenticity of The RealReal’s designer merchandise.

This generation knows you don’t have to pay an over the top price to have the best. The resale of stunning, like-new designer goods from Gucci and Cartier, at a smaller price, takes the “elite” of the brand out of the recipe for success.

The opportunities to not only buy, but also selling on The RealReal is a primary goal for the company. It ensures the business maintains and grows its clientele. Because of the accessibility of high – end goods, Millennials are just as willing to let go of a great piece as they are to buy one, therefore continuing the cycle of creating more choices for buyers and opportunity for sellers. View More Information Here.

In June, Real’s continued its journey to success by selling its stock on the Nasdaq market. Shares opened at $20 in the morning and by the afternoon had increased by 40%. The success The RealReal has found by going public with its shares is a rising trend among similar businesses. Pro4ma, a retail analytics company is currently testing this market to see if it is sustainable. However, with revenue growth of 50% last year, the company’s founder and executive in chief, Julie Wainwright has proven the desire for markets like The RealReals is real.

View some of their videos in their YouTube channel on https://www.youtube.com/watch?v=EYM88_YGbjw


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Richard Liu Qiangdong – Recommending High-Performance Oriented Business Strategies for JD.com

 

Coming from a low-income family based in a small village of Southern China, Richard Liu Qiangdong had a difficult childhood restricted to limited means. It is such life that left a lasting impression on his mind and ensured that it fuelled motivation in him whenever he felt low to get back up after every crossing the hurdles on his path to success.

As easy as it may look from the outside, Richard Liu Qiangdong struggled hard to achieve success, and it can be seen in his career graph that is full of ups and downs. Right after completing college, Richard Liu Qiangdong tried his hands in the restaurant business, but he said that he failed miserably with it due to improper time management and lack of management skills. The failure in restaurant business made things worse for him as he was buried under a pile of debts after that.

Richard Liu Qiangdong decided to do the job after that as it was the only way to get consistent income to help him pay off his debts that continued to pile. After two years of working for a company named Japan Life that dealt primarily in health and wellness products, Richard Liu felt independent again as he paid off his dues and was left with a considerable amount of money to invest in a business.

As the age of computers was booming at the time, he decided to invest in the retail sector and started a small store selling magneto-optical products and computer accessories and parts. The retail business was an instant hit with the customers as Richard Liu sold the products with the price tag attached to it, a practice that no other stores followed at the time. See This Page to learn more.

Having the price tag attached to the products beforehand would give the customers the trust in the company as there is no fluctuation of price as per the will of the owner or sizing the pocket of the customers. Richard Liu wanted to get repeat customers for his business and believed that winning their trust is what would keep them coming back to him. It is this policy that is still followed at JD.com and has proven to be highly successful.

Jingdong has managed to perfect their logistical network to the point where they are able to make deliveries only a few hours after orders have been placed. These fast deliveries are available in many big cities.

Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

 

Visit: https://www.wealthx.com/dossier/qiangdong-liu/

JD.com Taking Over Online Sales

 

JD.com, also known as Jingdong, was started by a man named Richard Liu. Jingdong is China’s largest retailer that is working hard to offer new products to their clients on a daily basis.

The sales transaction volume on Jingdong has really grown in the past few years. The products that JD.com are offering are continuing to be of higher quality. Now that more products are becoming available that are of higher quality more people are continuing to shop on a daily basis. See This Page for additional information.

Having new products is a new strategy that Jingdong is using. They are hoping that by launching new products they are going to bring more people in to shop at their platforms. They’re using online social media and other ways to promote these products. The transaction volume has at least doubled in some cities thanks to these new product promotions.

JD.com has high hopes that this new plan of marketing is going to take their business to new levels. They have recently launched new brands within their stores including Prada, Car Shoe, and more. JD.com has over a thousand brands that they plan to start promoting in the next little bit. They have already seen a great outreach since starting these promotions and they are hoping with more products becoming available that more and more people will continue to shop.

Jingdong is a huge online networking that has really taken off in the past few years. Richard Liu never guessed that when he started JD.com it would become so huge. He started in hopes of making a few extra dollars but in return he’s made millions. JD.com has a very bright future and they are going to continue to be successful for many more years to come. Richard Liu cannot wait to see how much more success JD.com is going to bring him.

 

Visit their store on https://www.joybuy.com/

 

JD.com Amped Up Annivesary Event with Digital Store From Prada

 

JD.com has been part of the fashion scene for a while now. Just as many markets have used the e-commerce giants amazing logistics to enter into Chinese markets so has high-end fashion. In fact, Jingdong sports a special channel on its site dedicated to fashion designers from all over the world.

Each of them with their own little virtual store offering the latest and greatest from the fashion world to Chinese consumers. Naturally, fashion giant Prada would want a piece of the pie. After all, JD.com has a consumer base of over 300 million. In a recent partnership, the Italian fashion house opened its own virtual store on JD.com’s site. It was another event marking JD.com’s highly successful June anniversary sales festival.

JD.com pulled out all the stops for its festival and adding Prada was simply icing on top of the cake. Prada’s new digital store hosts it’s fall/winter collection. The partnership also brings two other brands into the fold as well. Both Miu Miu and Car Shoe, subsidiaries under Prada Group’s umbrella, opened fully authorized flagship stores as well. These stores joined the festivities with Prada on June 17.

The partnership is part of Prada’s desire to create an online presence. The company experienced great success last year and is attempting to build on that success in 2019. As JD is the best place to cue into Chinese markets Prada holds its partnership with the virtual retailer as very important. JD.com is excited about the partnership as well.

“Prada is a name synonymous with high-end fashion at a global level, and it our pleasure to bring them aboard our digital platform,” Kevin Jiang, President of JD’s International Business for Fashion and Lifestyle stated. “International brands understand JD’s power in expanding into China and we are pleased to help Prada connect to Chinese consumers.”

JD.com’s festival contained a lot of events. Not only did Prada open its stores but the virtual retailer expanded its memberships program internationally. JD Plus gained partnerships with 19 hotels to offer exclusive benefits abroad. Additionally, JD.com partnered with Wu Fang Zhai to sell 47 tons of Zongzi for the China’s Dragon Boat festival.

Furthermore, an article entitled “JD Launches New Green Initiatives in Partnership with WWF Earth Hour Movement”, discusses JD’s partnership with the World Wide Fund for Nature (WWF) this year in the ongoing support of the Earth Hour environmental movement, launching a range of initiatives that include country-wide recycling programs and sustainable green packaging.

 

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Read more about JD.com on https://www.amazon.com/JD-com-Story-commerce-Phenomenon/dp/1910649716

Sentient AI Personalized Merchandising and what it means to you

Artificial Intelligence is not really a new concept. It has been featured in science fiction movies and television shows for years. But in the recent years it has become prevalent not just in entertainment but in our everyday lives as well. It is now a huge part of e-commerce and digital marketing.

Sentient AI is defined as a possible future type of software entity that appears to show capability of feeling and perception at the same level of Humans or animals. This comes into play with e-commerce and digital marketing because the technology has evolved to where stores, websites and e-retailers can rely on Sentient AI.

Sentient AI Personalized Merchandising allows companies to tailor make websites according to their shopping habits. What this means is that customers would see the products that they are most likely to purchase based on what they have bought from the company previously.

Sentient AI Personalized Merchandising has also brought other new and exciting features to the world of e-commerce including something called “Save the Sale” which gets activated when something that a customer is searching for isn’t available anymore. The feature shows customers the products that are most like the unavailable item. This helps both the company and the consumer. It is encouraging the customer to buy something even though what they want isn’t available. View Sentient’s profile at linkedin.com.

Another great feature of Sentient AI Personalized merchandising is that in includes personalized emails featuring campaigns that fit the shopping habits and likes of the individual. This helps keep the consumer up to date on items that they have bought before or that they have been keeping an eye on.

The major plus of Sentient AI personalized merchandizing is that it keeps the consumer interested in the company at all times. It also helps make more sales by showing customers other products based on the Sentient AI’s recommendations.