Opening a JD mall store
WHAT IS JD.COM
As China’s largest online direct sales company, JD.com offers a seamless online shopping experience for customers around the globe. This means providing authentic products from trusted manufacturers and designers in a timely and reliable fashion.
In May of 2014 JD.com listed on the Nasdaq stock exchange, which marked the largest listing of the year on that exchange. In 2014 JD.com recorded GMV of $41.9 billion (RMB 260.2 billion) and net revenue of $18.5 billion (RMB 115 billion).
As a technology-driven company, JD.com has focused on investing in developing a reliable and scalable platform, which can support the company’s rapid growth and enable it to provide value-added technology services to its partners and customers. JD.com excels in a variety of different areas, including e-commerce, logistics, Internet finance, cloud computing and smart technology.
Building on the same foundation of authenticity, reliability and an enjoyable online shopping experience available on JD.com, En.JD.com aims to provide consumers outside of China and around the globe a quality e-commerce platform, while working closely with suppliers domestically in China.
Operated by JD.com, En.JD.com offers a wide selection of authentic, quality Chinese products at competitive price delivered to customers’ doors in a speedy and reliable manner.
JD mall Store Formats
Entry Channels
Channel Properties
- JD mall.comEstablish business entity
in Mainland China - On-the-ground operations to reach
consumers quickly
Entry Requirements
- JD mall.com Presence in Mainland China: 2 years+ OR sufficient expenditure to gain traction in China’s market
- Operations location: Mainland China
Stock Location: Mainland China
Examples
- JD mall.com Apparel brand X has been selling offline in China for 5 years and has already built up a following among their target market. Brand X will soon open a JD mall.com store to introduce their product to a wider audience.
- Children’s toy brand Y has been manufacturing product in China for foreign markets and would now like to try selling their branded toys to the Chinese domestic market. Brand Y would open a JD mall store and utilize their local inventory for fulfillment.
- Electronics brand Z is looking to break into China’s market. They have a multipronged approach to open physical stores in mainland China as well as market to and reach consumers online. With their China branch office in place, brand Z is well positioned to increase their online presence with JD.com
A scan of your passport
A Personal Bank Reference Letter, only stating no bad record.
Choose a name for the your China WFOE
Choose a location for the company in China[/vc_toggle][vc_toggle title=”SETTING UP AS A HONG KONG COMPANY” color=”red”]
Notarized copy of Passport of Director and Company Registration Certificate
Hong Kong Company Registration Certificate
Hong Kong Company Bank Reference Letter
The Hong Kong Company will then be the Holding Company for the WFOE
We can set up a Hong Kong Company in about 5 days More info[/vc_toggle][vc_toggle title=”SETTING UP AS AN OVERSEAS COMPANY” color=”red”]
A Passport Scan of the Director(s)
A Certificate of Company incorporation
A Company Bank Reference Letter – stating no bad record
All Documents need to be notarized by the Chinese Embassy.
This way is good for a Representative Office, but a Hong Kong Holding company is more suitable WFOE
JD mall Global Entry Channels
Channel Properties
- JD mall Global Operate businesses locally
- Fulfill orders internationally
Entry Requirements
- Tmall GlobalPresence in Mainland China: 0-2 years
- Operations location: Mainland China or abroad
- Stock location: Abroad
Examples
- JD mall Global Premium fashion brand A is eager to expand into the China market but reluctant to take on local inventory risk. JD mall Global allows brand A to enter the China market while removing this risk.
- Baby formula brand B has noticed a recent increase in overseas purchase demand for their product. JD mall Global offers brand B the opportunity to reach these consumers.
- Specialty food brand C had previously thought selling finished food product directly to the China market to the impossible. JD mal Global enables brand C to bring their locally famous product to Chinese shoppers.
There are a few ways to set up a Tmall Store
Option 1
Set up a Wholly Foreign Owned Enterprise in China and use that to own your JD mall Store
Option 2
Set up a Wholly Foreign Owned Enterprise in China and purchase an exiting JD mall Store
There are mainly three types of set up costs, Government license fees , Consulting Fees for the Registration of China Consulting Company
JD.com – the most important B2C platform in China
D.com or Jingdong Mall (Jīngdōng Shāngchéng), formerly 360buy, is a Chinese electronic commerce company headquartered in Beijing. It is one of the largest B2C online retailers in China by transaction volume, and a major competitor to Alibaba-run Tmall.[5][6] Its English website, for worldwide shipping, launched on October 18, 2012.
The company was founded by Liu Qiangdong (a.k.a. Richard Liu) in July 1998, and its B2C platform went online in 2004. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, etc. Jingdong Mall changed the domain name to 360buy.com in June 2007, and to JD.com in 2013.
As China’s largest online direct sales company, JD.com offers a seamless online shopping experience for customers around the globe. This means providing authentic products from trusted manufacturers and designers in a timely and reliable fashion.
In May of 2014 JD.com listed on the Nasdaq stock exchange, which marked the largest listing of the year on that exchange. In 2014 JD.com recorded GMV of $41.9 billion (RMB 260.2 billion) and net revenue of $18.5 billion (RMB 115 billion).
As a technology-driven company, JD.com has focused on investing in developing a reliable and scalable platform, which can support the company’s rapid growth and enable it to provide value-added technology services to its partners and customers. JD.com excels in a variety of different areas, including e-commerce, logistics, Internet finance, cloud computing and smart technology.
Building on the same foundation of authenticity, reliability and an enjoyable online shopping experience available on JD.com, En.JD.com aims to provide consumers outside of China and around the globe a quality e-commerce platform, while working closely with suppliers domestically in China.
Operated by JD.com, En.JD.com offers a wide selection of authentic, quality Chinese products at competitive price delivered to customers’ doors in a speedy and reliable manner.[/vc_column_text][/vc_tab]