JD Retail revealed its business aims for accelerated quality growth in the current year
JD reveals 2020 roadmap for its Retail business. Source: shutterstock.com
In 2020, JD Retail announced to undertake strategic development, business breakthroughs, organizational restructuring, and culture cultivation.
JD Retail will also focus on omnichannel integration projects, penetrating into lower-tier markets and building up a powerful retail ecosystem.
A year ago, JD Retail launched several key online and offline integration initiatives such as opening new brick and mortar outlets like JD E-Space, and its 7FRESH Life and SEVEN FUN concepts.
JD’s system uses AI algorithms to find the most effective delivery way after the consumer makes online orders. It can reduce the cost of operations by over 50%, providing consumers with fast delivery.
Along with that, the company will further empower brands and merchants in big data, marketing, and operations. Due to Chinese consumer behavior insights, JD Retail is going to develop its Consumer to Manufacturing (C2M) program. It would help brands to brands understand how to boost performance, adjust their brand offering in China to better fit in local tastes.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
