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JD.com started the e-book selling business online on 20 February 2012, and provided customers with more than 80,000 electronic books. JD.com also offered discounts to the buyers, this situation was the unfoldment of a new round of price war. [62] On 17 April 2013, most of the e-books on Dangdang's website were free for users to download.
The company was initially established as an internal department of JD.com and its subsidiaries in 2007. [2]On 23 November 2016, the department became a stand-alone business with the name JD Logistics and began to conduct businesses for external customers, This was done as JD.com wanted to expand outside China and would need to expand its infrastructure.
In 2005, Liu closed off all brick-and-mortar stores and became an e-commerce business. In 2005, Liu received an offer to sell JD.com for 18 million yuan, which he rejected. [6]: 27 In 2007, Liu employed a full-category strategy for JD.com, changing the company's business model from selling consumer electronics to large variety of goods.
HONG KONG (Reuters) -Walmart sold its entire roughly $3.7 billion stake in JD.com, ending an eight-year investment in the Chinese e-commerce firm that was yielding waning returns, and the U.S ...
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They wanted to round up people to buy the same product in order to receive a group discount. Founder Eric Lefkofsky wanted the company to pivot in order to focus entirely on group buying. Born from The Point, Groupon was launched in November 2008. [15] [16] [17] The name for the e-commerce platform, Groupon is a portmanteau of "group" and ...
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related to: jd discount codes that work for existing businesses