In April, JD.com participated in the Salone del Mobile, featuring the installation Matrix, at the Università Statale of Milan. In February 2017, Walmart increased investment in JD.com to 289.1 million shares, or 12.1%. In October, Walmart filed 13G, revealing it nearly doubled its stake in JD.com to 10.9% Walmart sold its Chinese e-Commerce business Yihaodian to JD.com in 2016 in exchange for a 5.9% equity stake valued at $1.5 billion. In 2015, JD.com launched its Russian site aimed to expand its business globally. That same year, a subsidiary's lawsuit against JD.com was accepted by court.
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Tencent acquired a 15% stake in JD.com in 2014 by paying cash and handing over its e-commerce businesses Paipai & QQ Wanggou plus a stake in Yixun to JD.com, in order to build a stronger competitor to Alibaba Group Holding Ltd. In 2013, the company's domain name was changed to JD.com. en. was launched for the international market in October 2012. The following year, launched a platform named “POP” for brand owners. CDs, DVDs, and ebooks were added in the following months. The company began using the domain name, and the name was changed to Jingdong Mall in June 2007. In 2004, the company's B2C site went online as, starting their internet operations and competing directly with others firms like Alibaba The Shanghai subsidiary was established in 2006, while the Guangzhou subsidiary was established in 2007. The company was founded in 1998 as Jingdong Century Trading Co., Ltd selling magneto-optical in Beijing, China. It has recently started testing robotic delivery services and building drone delivery airports, as well as operating driverless delivery by unveiling its first autonomous truck. JD.com has invested in high tech and AI delivery through drones, autonomous technology and robots, and possesses the largest drone delivery system, infrastructure and capability in the world. It is partly owned by Tencent, which has a 20% stake in the company. At the same time, JD.com announced its new logo and mascot. The latter purchase is understood to have cost $5,000,000. The company changed its domain name to in June 2007 and then to JD.com in 2013. It started as an online magneto-optical store, but soon diversified, selling electronics, mobile phones, computers, and similar items. The company was founded by Liu Qiangdong on June 18, 1998, and its retail platform went online in 2004. When classified as a tech company, it is the largest in China by revenue, and 7th in the world in 2021.
It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall. JD.com, Inc., also known as Jingdong ( Chinese: 京东 pinyin: Jīngdōng), internationally known as Joybuy and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.
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