Chinese Ecommerce platform JD.com, also known as Jingdong, is expected to reach sales of $16.35 million by the end of 2013.
Jingdong is China’s second largest marketplace, next to Alibaba’s immensely popular Tmall, and holds 17.1% of the Chinese market. That number is low when considering Tmall’s 50.7% share. However, unlike Tmall, Jingdong sells its own stock, while Tmall serves as a marketplace for other merchants.
Jingdong founder and CEO Liu Qiangdong spoke to the Chinese press today discussing the company’s performance this year. During the press conference, Qiangdong provided the numbers behinds JD.com’s success. 140 million registered users with over 100 million of them seen on Jingdong’s mobile shopping apps. 15% of all orders came from smartphones and 220 million page-views from PC-based shoppers. JD.com currently holds 10 million products in stock with 1,400 delivery stations throughout China.
“It’s a remarkable 10,000-fold increase from our first year of operations and a two thirds increase from last year,” Liu Qiangdong added at the press conference.
Liu Qiangdong also revealed the company’s plans for 2014, with perfecting their online-to-offline payment options, their new financing product to lend money to suppliers in its logistics chain, and internationalizing their JD.com Global platform.
JD.com Global is a marketplace platform similar to Alibaba’s Aliexpress website, and DX.com, and offers global purchasing of China based goods.
