The progress of JD.com lies on its ability to make long term strategies that will not only position the company in a better financial position but also the best geographical position to execute its strategies. These words were echoed by Richard Liu Qiangdong, the founder and the Chief Executive Officer of the e-commerce platform that has been dominating the online retail market in China. The company has partnered with various organizations with the aim of making it a global brand.
Richard Liu noted that JD.com has partnered with Walmart, which is one of the leading retail outlet in the United States, with aim of bringing the company at a global stage. Walmart is an international corporation that does not only operate in developed countries but has significant presence in developing countries as well. This means that the organization has a clear understanding of the world’s retail market and it will be offering technical support to JD.com so that it can attain global status.
Walmart retail outlet is said to have acquired more than twelve percent of JD.com stakes, which is a significant ownership in the growing organization. This means that the American based entity will be in a position of influencing the decisions made and implemented by the company. According to Richard Liu, partnering with large organizations such as Walmart will give the company a chance to sell international products within China while also being able to sell Chinese products at international market.
The second organization that JD.com has partnered with is Farfetch, a leading fashion outlet in China that is controlling the fashion industry in Chinese fashion sector. The company has equipped itself professionally such that it is able to offer fashion clothes that cannot be found in other boutiques around the country. The aim of partnering with this fashion entity is to help JD.com understand the fashion industry much better.
Lastly, Richard Liu has laid a strategic plan that will help JD.com to expand and become a global organization like the other retail outlets, especially those in United States and other parts of Europe. The company has partnered with the necessary organizations that will help the company to achieve its goals and objectives within a short period.
Visit his Linked : https://www.linkedin.com/in/richard-liu-54849942/