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Money China's largest retailer, JD.com, is opening in Australia

15:51  08 february  2018
15:51  08 february  2018 Source:   businessinsider.com.au

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JD . com , China ’ s largest retailer by revenue, is opening a local business office in Australia . The Australia and New Zealand regional headquarters of “Our customers are demanding more and more high-quality products from Australia and New Zealand, and this move is a major step toward meeting

JD . com , meanwhile, is apparently hoping that Google’ s global reach will help it sell more products internationally. The company already counts Walmart as a major shareholder. It has extended its reach into Southeast Asia, setting up a local retail business in Indonesia, becoming a partner on an

a person standing in front of a store © Provided by Business Insider Inc JD.com, China’s largest retailer by revenue, is opening a local business office in Australia.

The Australia and New Zealand regional headquarters of the NASDAQ-listed company will be in Melbourne’s Collins Street.

“Our customers are demanding more and more high-quality products from Australia and New Zealand, and this move is a major step toward meeting that demand,” says Richard Liu, JD.com’s chairman and CEO.

“Brands and retailers looking for a trusted partner who will both build their brand, and protect their IP in China now have an easy point of contact in the region.”

JD.com, a rival to e-commerce giant Alibaba, says the Australian products in strong demand on JD.com include food, dairy and cosmetics.

The company says it is open to brands, franchisees, retailers and traders looking to reach consumers in China.

The radical plan Ikea's new boss has for the retailer .
Jan Gardberg's new plan for the retailer looks to double its market share, lower prices and open more stores. From its one distribution centre in Sydney, Ikea will eventually have three, to help stock the new stores but also to fulfil the online demand.Part of Gardberg's radical plan is to seek local manufacturers, to source locally."We are coming up to the threshold where it's possible to bring domestic production into Australia. Today we don't have any domestic production here... it is all imported.

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