![]() They are less likely to have formal bank loans or other lines of credit because they tend to be young, informal and operate in unfamiliar business sectors which discourage the conventional financial institution from serving them ( Bruton et al., 2014). However, according to World Bank Research and Policy Report ( Abraham and Schmukler, 2017), despite MSMEs significant contributions to the economy, access to financing and funding are relatively limited compared to large enterprises. Micro, small and medium enterprises (MSMEs) are the main contributors to employment worldwide and are considered the backbone of economic activity. ![]() The full terms of this licence may be seen at Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. ![]() This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Published in Asia Pacific Journal of Innovation and Entrepreneurship. Jingdong expects its net revenues for the fourth quarter of 2014 to be between RMB32 billion and RMB33 billion, representing a growth rate between 59% and 64% YoY.Copyright © 2018, Zaiyu Huang, Candy Lim Chiu, Sha Mo and Rob Marjerison. JD.com had approximately 50,000 merchants on its online marketplace as of Septemand a total of 62,051 full-time employees as of September 30, 2014.The Company’s 211 same-day and next-day delivery program covered 130 and 815 counties and districts, respectively, as of September 30, 2014, rising from 111 and 622 counties and districts, respectively, as of June 30, 2014. Jingdong delivery network covered 1,855 counties and districts as of September 30, 2014. As of September 30, 2014, JD.com operated 118 warehouses with an aggregate gross floor area of approximately 2.3 million square meters, 2,045 delivery stations and 1,045 pickup stations.During the third quarter of 2014, JD.com significantly enhanced its advertising platform’s mobile capabilities through its collaboration with Tencent’s advertising platform which improves the ability of JD.com vendors to target relevant audiences, particularly on Wechat and Mobile QQ, and to boost mobile traffic.The initial phase of the warehouse, comprising total floor area of 100,000 square meters with capacity to sort up to 16,000 packages per hour, has expanded JD.com’s fulfillmentability to support its future growth In October, JD.com launched the initial phase of “Asia No.1” warehouse in Shanghai as part of an initiative to strengthen its nationwide fulfillment infrastructure.Six high-speed trains travelling daily between Beijing, Shanghai and Guangzhou are used to deliver JD.com’s orders, which has reduced shipping time and enhanced JD.com’s customer experience. ![]() In August, JD.com became the first e-commerce company in China to leverage high-speed train for shipping.Concurrently, JD.com also unveiled several crowdfunding projects focused on the smart hardware and popular culture industries In July, JD Finance launched crowdfunding platform “ Coufenzi” to provide funding for creative business concepts.Related: Alibaba’s Performance in Q3 2014 Jingdong’s Business Developments in Q3 2014 ![]()
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