SGOCO Group, Ltd. launches online sales platform on JD.com.
SGOCO Group, Ltd., a company focused on product design, distribution and brand development in the Chinadisplay market, today announced a new on-line sales platform on JD.com to accelerate the delivery of high quality service and products. SGOCO takes a significant step towards the development of e-commerce through this arrangement. With the sharing of vision and strengths, the agreement will allow both parties to drive new growth opportunities.
By signing the new distribution agreement, SGOCO agrees to provide the best-priced, exclusive and competitive products to JD.com for online direct sales. The new arrangement enhances the cooperation between these two companies and demonstrates SGOCO’s commitment to establish new distribution channels and its vision of offering customers the latest products to satisfy the demand of online trading platforms.
JD.com is one of the largest Chinese based e-commerce platform and online direct sales company in terms of transaction volume. It was listed on NASDAQ in 2014. According to iResearch, it gained 54.3% market share in Chinese online direct sales market in the second quarter of 2014. Its excellent customer service and high reputation in the industry have earned solid customer base and contributed to the popularity in social network.
Regarding the newly launched sales platform, Mr. David Xu, Director, President and CEO of SGOCO, commented, “SGOCO takes a decisive step further towards the implementation of e-commerce and the alliance is a key strategy for the Company. We are excited to cooperate with JD.com and confident that the positive cooperation can create unique and meaningful new growth opportunities. Developing new distribution channels enables our products to be more accessible to our customers and further expand our customer base.”
He added, “We are constantly looking for potential e-commerce partners and are happy to team up with JD.com, a reliable and progressive company which will support our strategy initiatives. Consumers can enjoy superior online retail experience and comprehensive customer services with the new distribution channel. In line with our transformation plan, we are eager to increase our participation in the e-commerce market in the future.”