ShanghaiAnd January 11 2022 /PRNewswire/ – China’s Influential Platform for Young Leaders – The Global Youth Innovation Conference (GYIC) has successfully concluded its fifth annual conference in Beijing. In recognition of JIQI’s efforts to provide merchants and suppliers with a comprehensive, end-to-end solution to increase their revenue and improve their operations through the company’s JIQI Marketplace and the patented GoodsRank algorithm, JIQI was awarded as one of the “Innovative Companies with Greatest Potential in 2021.”
A few days before that, JIQI also received the “Innovative Product with Most Potential” award by the Insights to 2022 China Enterprise Service Annual Conference and the “Best Prospect Award” from the 2021 China Venture Capital Summit.
How does JIQI continue to shine in the spotlight even in this new era of rapidly evolving technology, business models and thought? What does this mean for the new economy in China?
JIQI built a An algorithm-based, web-based, scalable platform matches New sellers looking to differentiate themselves with meticulously designed merchandise selected from hundreds of millions on the platform by applying its innovative technology that quickly calculates the right fit between multiple product categories, sellers and platforms.
By utilizing the patented GoodsRank algorithm, JIQI helps sellers improve their information matching rate and reach a unique value proposition, unique product niche, and unique usage scenarios, avoiding ineffective competition based on homogeneous characteristics and giving sellers more room for price based on Unique value.
On the service innovation side, JIQI offers a comprehensive JIQI Market solution that includes services such as product selection, content, racking, merchandising, packaging, inventory management and customer services, putting small sellers on a par with big brands in terms of professional support and ease of life.
The team of JIQI founders are experienced serial entrepreneurs, which is one of the main reasons why venture capitalists see JIQI as a leader in the industry. The experienced founding team means that JIQI knows how to navigate a rapidly changing startup environment and has a replicable formula for success. This gives founders the luxury of asking deeper questions that can bring fundamental changes to the market.
Being loved in the capital markets, JIQI has demonstrated the ability to organize and manage brands and the entire supply chain in a very efficient manner. The company has leveraged its rich professional experience in areas such as algorithm, e-commerce, product, supply chain, brand marketing, and organizational management to extend the leadership of its management team on rapid and efficient execution.
Another reason is JIQI’s ability to enable online merchants to access exponential growth. JIQI’s comprehensive technical research allows the company to accurately match new and unique products with online merchants; The company helps various partners develop their online and digital presence and provides the JIQI Market end-to-end solution that includes services such as product selection, content, racking, merchandising, packaging, inventory management, and customer services. The GoodsRank algorithm helps suppliers easily create and produce their own unique small-brand products, achieving increased revenue and optimized operations.
Also, JIQI insists on co-creation and sharing with upstream and downstream company partners. The company’s business model of enabling merchants and suppliers to gradually increase revenue and improve efficiency is showing its strategic advantage: With the ongoing COVID pandemic, many merchants are having trouble choosing a product and even more difficult to liquidate their inventory. JIQI provides superior quality products that are better suited to their individual operations and better suited to these times of consumer change Behavior. This helps Sellers sell more and earn more without inventory pressure.
For suppliers, GoodsRank helps factories turn more innovative products into hot goods and into the hands of more sellers. This creates a virtuous cycle that allows suppliers to build the micro-branding matrix and achieve resource sharing at key nodes up and down the supply chain, as well as build a new e-commerce ecosystem.
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