One of the biggest fashion news in the last 60 days is the Prada-JD.com partnership. According to a press release by the two companies, the partnership is the beginning of a long friendship between the companies. The two companies are giants in their respective niche, and the following are some of the possible results from this partnership.
The partnership between the two companies will create a win-win situation for the two companies. Currently, Jingdong remains the biggest company in the Asia market, and with these numbers; it is the most appropriate distribution channel. On the other hand, Prada is an international entity, which apart from being reputable in sales, has a vast potential market in China. Therefore, the partnership between the two entities will allow them to exploit the already existing market but with professionalism.
The management of Prada — Asian market — believes that this relationship is the start of a new era, especially in the largest market in the world. On the other hand, JD.com — through its management — believes that this is a perfect opportunity for the company to give their customers more variety to choose. The company has signed different deals, all with one aim — to give their customers more reasons to shop with them. In a joint press release, the company pointed out that they are already in the final stages of ensuring that all the warehouses that Prada will be using are at par with their standards.
In addition to expanding their luxury market, Jingdong has also signed deals with other companies — dealing with different commodities. Some of these organizations include the following. Last month, the company signed an agreement with a New Zealand fruits company, and through this deal, the company will access quality fruits from New Zealand.
In an article with Gizmochina.com, “Google Invested 550 Million” with Jingdong. The partnership will include the promotion of JD.com products on Google’s shopping service. More details have now emerged that the partnership will also see Google selling its products on JD.com.
Jingdong also signed a partnership deal with farmers — to facilitate the supply of quality chicken products. The management believes that these partnerships will give the company a better chance to serve its customers well. In addition to working with other companies in different projects, the company has one of the best working relationships with Chinese people. Through various projects, Jingdong has invested part of their profits in community-based projected. Visit This Page to learn more.
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