What You Need To Know About Shopify And JD.com Partnership
The Shopify and JD.com alliance is a strategic partnership meant to make it easy for U.S. merchants to sell their products in China. For entrepreneurs, nothing is exciting as getting an opportunity to sell a perfect product to a wide range of consumers. It is a clear signal of business growth. Dedicated investors understand that commerce is global, and that is why they will never rest until they have access to a vast market.
With over 1.4 billion people, China is a market that no global entrepreneur would want to overlook. Therefore, a Shopify JD.com Partnership clearly demonstrates that the involved parties are technically unlocking the largest market in the world.
What is Shopify?
Shopify is an application that allows entrepreneurs to establish an online store and sell their products. Additionally, store owners can sell their products in physical locations by utilizing Shopify. If you are a merchant with both an online and physical presence, you can get your inventory and stock synced to manage your account from a single account.
However, it is crucial to understand that Shopify is not only a store builder or tool to help sell products but it is also a commerce platform that provides a faster way to launch your dream business and meet your customers' needs from any part of the world.
What is JD.com?
The first thing that anyone hearing of the Shopify JD.com Partnership for the first time would want to know is the meaning of JD.com. JD.com is a Chinese-based online marketplace that allows entrepreneurs to do business. The company maintains its headquarters in Beijing and operates in more than 50 cities in China. Further, for the company to expand its online presence, it continues to add sections in its structures that allow people to purchase international brands. Although JD.com boasts over 170 million users, the number continues to grow at a tremendous rate. The JD.com consumer segments comprise both direct consumers and merchants.
What will the partnership provide each company?
The establishment of the Shopify JD.com Partnership is a game-changer to not only the Chinese and the Americans but also to the entire world. First, the merger gives U.S. sellers easier access to the Chinese market. According to Shopify, U.S. entrepreneurs can start selling to China within three to four weeks by utilizing a channel called J.D. marketplace hence significantly reducing the 12 months typically required for foreign brands in China. The J.D. marketplace will offer Chinese customers excellent translations of product descriptions and names.
In addition to that, the partnership will play a significant role in removing the barriers. The fact that China is the most populated country globally means that it is the home to the largest e-commerce market. However, the logistical and regulatory barriers have barred small businesses from exploiting the market so far. The future of e-commerce is bright with the removal of barriers.
How to Source Products for Shopify - JD Sourcing