A member of NASDAQ and one of the Fortune Global 500 companies, JD.
com is a Chinese e-commerce leader worth considering.
The site holds a market share of 10-20% of all e-commerce sales in China.
Some of the company's most successful product categories include: Home electronics and appliances Cosmetics and beauty products Baby and maternity products Health products The company has a dominant position in the domestic product market, while also offering JD Global, a marketplace for foreign sellers who haven't yet settled in China to offer their products to Chinese consumers.
Through this platform, well-known brands from all over the world can easily gain a foothold in the Chinese market.
It's JD's equivalent of Tmall Global.
Requirements for Opening a JD Global Storefront However, there are a few things you should know before you jump right into the JD marketplace.
First, the marketplace has strict restrictions on who can sell on its platform.
To open a JD Global storefront, you must meet all of the following conditions: The company must be located outside of China.
The company must have a bank account that uses US dollars.
All foreign exchange transactions on JD Global are conducted in US dollars.
The company must have a good track record.
New companies or startups will not be accepted by the market.
Only brands with a good reputation in the global market are allowed to enter JD Global.
The company must be able to provide customer service in China.
This means that the brand should be prepared to set up a ghana whatsapp resource customer service point in mainland China.
Product descriptions should be printed in Mandarin.
The company must have a Chinese warehouse for returns.
According to JD Global's policy, products must be shipped within 72 hours of ordering.
In addition, a return center in mainland China is required.
There are some other things to consider.
While these points are not requirements and not necessarily disadvantages, they are worth taking the time to understand and evaluate.
Well-known brands are preferred.
If your brand already has a high international reputation and reputation, you are more likely to be approved quickly.
Priority is given to brands that do not have an established business in China.
If you have already started selling products in China, it is not impossible to list through JD Global, but it will make the process slightly more complicated.
JD Business Model Before diving into the process, it is worth noting that JD Global has several different "types" of stores.