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'618' is significant as is the date JD.com was founded by Liu Qiangdong on 18 June 1998. [2] It was first started in 2010, as a competitor to the shopping festival launched by rival Taobao , Singles' Day (or Double 11 in Chinese).
JD.com, Inc., also known as Jingdong (Chinese: 京东; pinyin: Jīngdōng), formerly called 360buy, [4] is a Chinese e-commerce company headquartered in Beijing.It is one of the two massive B2C online retailers in China by transaction volume and revenue, and is a major competitor to Alibaba-run Tmall. [5]
Which of these Chinese e-commerce leaders is the better investment?
Taobao is a Chinese online shopping platform. It is headquartered in Hangzhou and is owned by Alibaba. According to Alexa rank, it was the eighth most-visited website globally in 2021. [3] Taobao.com was registered on April 21, 2003 [4] by Alibaba Cloud Computing (Beijing) Co., Ltd.
Tmall.com was first introduced by Taobao in April 2008 as Taobao Mall (simplified Chinese: 淘宝商城; traditional Chinese: 淘寶商城; pinyin: Táobǎo Shāngchéng), a dedicated B2C platform within its consumer e-commerce website. The key difference between Tmall and Taobao is Tmall is a B2C platform but Taobao is C2C. [2]
JD vs. BKNG: Which Stock Is the Better Value Option? For premium support please call: 800-290-4726 more ways to reach us
According to Zhang Yu, the director of Taobao, between 2011 and 2013, the number of stores on Taobao with annual sales under ¥100 thousand increased by 60%; the number of stores with sales between ¥10 thousand and ¥1 million increased by 30%, and the number of stores with sales over ¥1 million increased by 33%. [89]
In 2021, Alibaba and JD reached a new combined Singles Day sales record of US$139 billion. [ 9 ] In 2022, neither Alibaba nor JD.com disclosed Singles' Day sales results as China continued to face macroeconomic headwinds and zero-COVID-19 challenges, but Alibaba said its results were "in line with [2021's] GMV performance", while JD.com said it ...