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JD Sports Fashion plc, commonly known as JD Sports, JD or JD Group [3] is a British multinational sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Pentland Group owns 55% of the company. [4]
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]
618 shopping day is a shopping festival created by JD.com.The festival is celebrated annually on the 18th June (6th Month), hence the name '618'. [1]'618' is significant as is the date JD.com was founded by Liu Qiangdong on 18 June 1998. [2]
The SARS outbreak in 2003 kept staff and clients of Jingdong at home and forced Liu to rethink the business model and divert to online business. Due to the outbreak, Liu's business lost over 8 million yuan. [6]: 17 Liu launched his first online retail website in 2004, and founded JD.com (short form for Jingdong) later that year. In 2005, Liu ...
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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.
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According to Neves, the aim was a closer integration of online and offline shopping in a "seamless experience". [8] In June 2017, Farfetch acquired fashion e-commerce website Style.com from Conde Nast, [9] the same month Chinese e-commerce company JD.com Inc. had bought a stake in Farfetch for $397 million. [10]