Richard Liu Qiangdong Talks Business And Entrepreneurship

 

Richard Liu Qiangdong is more than just a Chinese internet star and e-commerce billionaire. He also happens to be a business guru who has a long experience with trial and error as well as making things work. He was born sometime in 1973 to coal shippers and from an early age, he always wanted to be a politician. But the guru, who is also a Red Cross volunteer, decided to make a shift and become an entrepreneur. Liu begun trying his hand in business while he was still a student at Renmin University in China but it wasn’t easy. Thankfully, he learned from both his mistakes as well as misfortunes and prevailed.

 

Founding JD.com

As soon as the SARS epidemic struck China and destroyed a lot of businesses, Richard Liu was quick to evolve. He turned his business online where interested clients could easily make a purchase online and have their items delivered within record time. But since Richard Liu Qiangdong had limited monetary resources, he only had to deal in a handful of electronic items. But by 2010, he was in a position to offer just about everything his clients wanted. Richard Liu also had the ability to provide nothing but original goods which was something that most e-commerce platforms at the time pretty much needed. Today, JD.com has an estimated worth of close to $60 billion with well over 167,000 employees worldwide

 

The Relationship Between Business and Service

While still talking on the world economic forum annual meeting, Richard Liu Qiangdong was quick to assure everyone that JD.com is one of the best  e-commerce platforms in the world. And this was simply because they are dedicated to giving their esteemed clients nothing but the very best of service. Richard Liu Qiangdong was quick to acknowledge the fact that a lot of e-commerce platforms don’t listen to customers. For starters, he was keen to improve on the delivery time from a couple of weeks to just under 20 hours. And this was irrespective of where the clients were. He also stated that they only deal with original goods, which was another problem that most e-commerce platforms at the time were clearly struggling with. Get More Information Here.

 

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Richard Liu Qiangdong Discloses How He Built His E-Commerce Retailer

 

Richard Liu Qiangdong is the intellect behind JD.com, an e-commerce giant which serves China, Vietnam, Thailand, and other parts of the world. The e-commerce boasts of a large selection of consumer goods ranging from high-end apparel to fresh foodstuffs.

Jingdong started as a small shop based in Beijing. It sold computer parts. Within five years, Richard Liu Qiangdong extended the shop’s boundaries to 12 different locations. According to his interview with the World Economic Forum, Mr. Liu said that he worked hard to raise funds for his ailing grandma’s medical bills.

Richard Liu Qiangdong decided to convert his brick and mortar stores to an e-commerce store in 2004 when the SARS outbreak hit China. During that period, people were advised to remain indoors, as a way to avoid the deadly respiratory disease.

Mr. Richard Liu Qiangdong shifted from selling computer parts to selling almost all sorts of consumer goods. The online store supplied electronics, furnishings, groceries, foodstuffs, furniture, and clothing. Unlike his rivals, Qiangdong made sure that his store provided quality products.

Besides supplying quality goods, JD.com invested heavily in logistics to let its customers receive their merchandise within the shortest time possible. Richard Liu acknowledged that the quick logistics was one of the schemes that navigated his e-commerce to the industry’s top position. See Related Link for more information.

Today, JD.com has grown to be one of the most successful e-commerce in Asia. It has a valuation of $67 billion. It employs over 162,000 people, and it is on the verge of extending its boundaries to the global market.

Richard Liu also disclosed that JD.com intends to partner with more European retailers as part of the initial steps towards its European expansion. By doing so, Jingdong will allow leading brands to access the Chinese market through its online platform. On the other hand, JD will also promote leading Chinese brands in the European markets through its online platform.

During the World Economic Forum interview entitled “An Insight, An Idea”, Richard Liu Qiangdong disclosed that his e-commerce had started partnering with foreign brands as a plan to woo international customers. “Our e-commerce store is eying the United States and Europe markets in its first phase of expanding into the global market,” added Richard Liu.

 

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JD.com Awarded For Efforts In Sustainable Environmental Measures

China’s Jingdong corporation announces the SEAL Awards organization is presenting its 2018 Business Sustainability Award to the corporation. Jingdong, or JD.com, is the nation’s most extensive, technologically-advanced online and retail shopping platform.

 

The SEAL Awards organization recognizes and supports business and media environmental protection efforts, particularly those combating climate change. The SEAL organization offers three primary awards, one for businesses’ sustainability practices, one for environmental journalism, and one monetary grant program.

 

The SEAL Awards recognizes companies that implement sustainability measures through leadership initiatives to protect the environment. And Jingdong Mall won the 2018 SEAL Business Sustainability Award.

 

Lido Ma is head of JD.com’s “Corporate Social Responsibility (CSR)” team. Ma explains that his team is honored because they champion corporate sustainability for the long term. Since 2013, Ma’s CSR team has created and implemented programs to reduce the company’s environmental footprint. The company designs its product manufacturing, packaging, sales, and delivery methods to have as little effect on the environment as possible.

 

The CSR team has developed a multi-faceted platform for comprehensive, continuing environmental and social improvement. Ma describes his team as committed to protecting the environment, elevating citizens out of poverty through innovative social programs, and improving education services. He states that JD.com leaders believe they have a responsibility to remain mindful of ways to give back and improve society. Protecting the environment through use of sustainable products and consumables, thus reducing pollution and waste are two important factors.

 

The awards organization’s founder, Matt Harney, remarked that Jingdong’s most notable efforts lie in the corporation’s recycling initiative. The judging panel assigned the highest mark possible for environmental impact as the panelists reviewed the results; the program, covering 47 cities throughout China, has recycled more than 1 million clothing articles and more than 400,000 toys.

 

Harney praised Jingdong for using its widespread customer base and innovative logistics network to create a system for delivering immediate and meaningful social and environmental improvement efforts. As China’s largest retailer, Jingdong can reach 99 percent of China’s population, allowing it to assist with social, environmental, and disaster relief efforts. Read This Article to learn more.

 

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