There are reports in China that are indicating that JD.com, which is the leading retail organization in the country, has been able to record considerable returns for this quarter despite the significant problems in the business world. This is something that has been expected by very many experts who have been observing the market because they already know that this is one of the few organizations in the country that can easily overcome all the possible challenges in the market while remaining relevant in its business operations.
The current detail does not seem to surprise many who are conversant with the organization because such individuals have been seeing the strategies that the company has been trying to incorporate so that it can continue to remain relevant in the changing market and the larger business environment. However, understanding the major reasons behind the growth of the organization should be an important factor that will be very useful to other organizations that are struggling to get some profits.
Customers from Lower Tier Cities
There has always been a feeling that, as a leading online retail company in China, JD.com has been serving most of tier 1 cities. However, JD.com news shows that the company has been able to maintain its entry into tier 1 cities while at the same time being able to have some significant penetration in the lower-tier cities. The large increase in the number of customers that the company is currently recording all came from lower-tier cities, which indicates that the organization is currently making major inroads in this area.
Customer engagement in lower-tier cities has been the main driver that has been very central in ensuring that most of the customers have turned to the leading organization for additional services. This came at a period when most of the leading organizations in the lower cities had closed down their business operations because they did not have online services. This is the period that the company utilized to have a major impact on the market because it had everything that was needed to remain operational during the lockdown.
Sale Fresh Produce in China
In 2020, the sale of fresh produce in China surpassed the sale of all other products that most of the retail outlets have been offering in the market. JD.com news indicates that the company has been forced to make adjustments and increase the sale of fresh produce, after which it will be able to deal with the increase in the number of customers who are currently demanding these products. This is the only way the organization will continue to remain relevant in its business operations despite the increase in competition around the country.
Increase in Online Healthcare Services
Although this could have been expected due to the events of 2020, it is important to indicate that the increase in online healthcare services has also increased in China. JD.com news highlights that online pharmacy is one of the major contributors to the profits that the company has been able to make in the last few months. This indicates that a huge number of people are currently buying prescription medicine in most of the medical facilities across the country.
However, the rise of healthcare consultation is another important factor that JD.com has been handling and which has been very central in increasing the revenues that the company has been getting. All the structures that the company has been putting in place towards the growth of the healthcare industry seem to be expanding, and the industry is now gaining some momentum. That is why a huge number of customers are looking for additional consultation services through online platforms.
