Newsea Information Technology (Shanghai) Co., Ltd., No.1 store, an earlier B2C online shopping platform in China, in June 2016, JD.com announced that it had reached a series of in-depth strategic cooperation with Wal-Mart, and JD.com will wholly acquire No.1 store, owning all assets including the brand, website, APP and so on of "No.1 store".
Co-founded by former Dell executives Yu Gang and Liu Junling, the No. 1 www.yhd.com store was officially launched on July 11, 2008, providing every customer with a one-stop online shopping experience that "meets the needs of families". Customers can enjoy goods and services from all over the country and the world without leaving home or going abroad, saving effort, money and time.
In October 2012, Wal-Mart Department Store Co., the world's largest retailer, increased its investment in the No. 1 store, increasing its stake to nearly 51%.
In July 2015, Walmart acquired the remaining equity of No.1 Store and became a wholly-owned shareholder, and No.1 Store became a member of the Wal-Mart global family.
On June 21, 2016, JD.com announced that it had entered into a series of in-depth strategic cooperation with Wal-Mart, according to which Wal-Mart will receive 144,952,250 newly issued Class A ordinary shares of JD.com, representing approximately 5% of JD.com's total issued share capital. JD.com will wholly acquire No.1 Store and own all assets including the brand, website, and APP of "No.1 Store".
At present, the No.1 store sells more than 8 million kinds of products online, including food and beverages, alcohol, fresh food, imported food, imported milk, beauty and makeup, personal care, clothing and shoes, kitchen and bathroom cleaning, maternal and child products, mobile phone digital, home textiles, household appliances, health care products, bags and jewelry, sports goods and gift cards.
Based on "integrity", the No. 1 store is strictly controlled by professionals in the aspects of supplier selection, commodity quality management and commodity warehousing, the introduction of settled merchants and daily operation supervision, etc., to ensure the high quality of goods and services, and strictly abide by the national laws and regulations on "three guarantees", so that customers can buy with confidence.
Compared with traditional retail, No. 1 store has obvious cost advantages, and at the same time, through the establishment of an efficient and optimized supply chain, it can save the cost of procurement, warehousing, distribution, after-sales service and other links and give back to customers, and through scientific price management, the price of No. 1 store is guaranteed.
No.1 Store has established operation centers in Beijing, Shanghai, Guangzhou, Wuhan, Chengdu and Quanzhou, and has established a self-distribution logistics system in more than 40 cities across the country. Door-to-door delivery, fast delivery, and provide on-time, on-time delivery and other services to meet the needs of customers for fast receipt. The No.1 store provides logistics inquiry, cash on delivery and formal invoices, while guaranteeing hassle-free returns.
At present, No.1 Store has more than 100 million registered users and nearly 50 million mobile registered users. Store 1's website traffic has reached nearly 20 million per day.
Choose the No. 1 store, choose the quality of life.
