Richard Liu Qiangdong And His Business Empire

 

People who shop on JD.com know how big the company is. They know that they can find high-quality products through the website and that it has a lot of traffic. It is estimated that the company is worth more than $12 billion, and that millions of customers shop every day. What these customers may not know is the story behind the multi-billion-dollar business empire, and its chief executive officer, Richard Liu. His story is one that surprises and inspires budding entrepreneurs in equal measures. Liu Qiangdong’s ability to transform a small business operating in a small shop into a worldwide brand still amazes many people.

 

The childhood story of Liu

As a child growing in the province of Jiangsu in China, Richard Liu Qiangdong had a lot of motivation. He had lived with his parents who were working in coal and knew the importance of hard work in life. In addition to that, the parents never missed an opportunity to remind him the importance of working hard in school. Therefore, he put in his best performance and got a place in the Peoples University of China. This would be the beginning of good things in his life because after graduation, he was still hungry for more education and so, he studied computer science. View More Information Here.

 

How he was employed and how he started his business

When Richard Liu Qiangdong graduated from University, he chose an employment opportunity at Japan Life. The company was involved in the distribution of natural supplements, and Liu was happy to get a chance to contribute to its growth. Later, he was appointed to be the director of computers, but he only worked there for a short time because his mind was fixed on starting a business. Therefore, he left to start selling magneto-optical products in a shop that he rented in a local town.

 

Liu was not contended by the few local customers that the business attracted, and therefore, he created an ecommerce platform to reach out to more clients. This saw a rapid growth in sales and caught the attention of many other companies. They asked Richard Liu Qiangdong for a chance to sell their products on his platform, and so, JD.com was transformed into a multi-billion-dollar company with worldwide customers.

 

Visit: http://www.liuqiangdongjd.com/

 

 

 

JD.COM: THE TRENDSETTERS SHAPING THE FUTURE OF SHOPPING GLOBALLY

 

Having been established in 1998, JD.Com has made a remarkable growth as far as the e-commerce sector is concerned. It is still growing fast with over 300 million subscribers.

JD.Com is having an outstanding reputation for being the leading worldwide company to venture in the e-commerce sector through breathtaking technologies. Their plan is based entirely on making life more comfortable and with the use of underground urban logistics, it will see to it that cities are fully utilized to do shopping, not a nuisance, but an activity one can enjoy.

JD.Com has hit the headlines yet again with amazing inventions by changing the narrative on the retail sphere. In the recent company’s blog “JD Delivery Stations Get Smart Ahead Of CES Debut”, JD has talked about the launch of two smart delivery stations, strengthening the e-commerce giant’s autonomous logistics capabilities.

This time the company has invested in making the retail experience bigger, better and convenient for its consumers. Hohhot and Changsha are evidently on the rise since these two cities in China have debut the first use of delivery stations to up the retail game. The stations have an autonomous logistic ability to make deliveries by use or robots that can carry as many parcels as possible. There is also the use of vehicles that are smart; they can avoid traffic as well as be able to make it on time as per the scheduled delivery.

The feature that stands out is the facial recognition capability, in that a user is to be identified by a robot and delivery can be complete. It is JD’s incredible use of innovative technology to make retail convenient ad sustainable that has landed them at the Consumer Electronics Show in Las Vegas.

CES is global and focuses on local consumptions at large. The show will allow for real demos, and JD.Com will be able to make a practical sense of the delivery using their inventions. JD.Com’s officer in Charge of Technology sees that the company is indeed and will change the shopping experience in a big way since they have invested in research and technology. Get More Information Here.

China is already the trendsetter, and the pioneer in this business and the world will soon borrow a leaf from its incredible operations to change the future of shopping. All these efforts are aiming at improving consumer behavior and creating a massive lead for products and retail shopping.

 

See also: https://www.amazon.com/JD-com-Story-commerce-Phenomenon/dp/1910649716

Richard Liu Qiangdong Commits Himself To Make JD.com the World’s Largest E-Commerce Platform

Liu Qiangdong, otherwise known as Richard Liu embarked on an entrepreneurship journey in 1998 when he established an offline electronic retail business. Qiangdong ventured into electric business amidst financial challenges which saw him not go abroad for further studies. His grandmother was also unwell but she couldn’t get medical care because of lack of funds.

 

The business picked up pretty quickly and expanded into 12 shops in Beijing. Sars outbreak brought Richard Liu’s business to a standstill. Amidst the misfortunes, Richard Liu started selling items online. At the time, e-commerce was not doing so well because it was made up of rogue business platforms which offered counterfeit products. Richard Liu Qiangdong vowed to sell authenticated goods as well as issue invoices in his platform. In 2004, JD.com was launched with IT equipment, mobile phones and digital electronics on the “shelves”.

 

Richard Liu worked hard to bring more products to the platform. By 2010, the platform had everything shoppers could ever need. Currently, JD.com prides itself on over 1 billion products. It is worth about $57 billion and Richard Liu was listed by Forbes as among China’s richest individuals with a net worth of $11 billion.

 

JD.com grew in every aspect to become one of the largest e-commerce platforms in China. It has built a infrastructural network that has enabled it to make deliveries in just 3 hours in Beijing and 6 hours everywhere else in China. JD.com has increased its presence in China significantly and even worldwide. It has been ranked third largest internet company in the world. Mr. Richard Liu Qiangdong looks to make the company the world’s largest e-commerce platform in the world in a few years.

 

Richard Liu looks to bring the world’s best products to China through Jingdong. With over 300 million active users, JD.com has mastered its art and developed technologies to aid in parcel deliveries. It has improved its autonomous delivery capabilities immensely. Currently, the company is working to expand outside China to the Middle East and Southern Asia.

 

Mr. Qiangdong is the CEO and founder of the company whose directors won’t form a quorum without him. He values his family so much that he considers it his greatest achievement. He is always trying to be a better husband, father, son and brother. Read This Article for more information.

 

See Also: https://www.forbes.com/profile/richard-liu/#77b17bbf2677

Richard Liu,The First Founder Of Online Shopping In China

 

Richard Liu Qiangdong is a renowned entrepreneur, the owner and founder of JD.com. He founded the company in the year 2004 and initially it was a mall known as JingDong Mall. JD is  one of the leading online trading platforms in the world.

JD.com is the first online website ever to be found in Asia, and he formed it by himself using his knowledge and skills. Richard Liu is a graduate from the University of China with a degree in sociology in the undergraduate studies. He also holds a masters degree in computer science from the international school of China and Europe. Such a knowledgeable person plays a crucial role in the field of digital marketing.

How did Richard Liu come up with the idea of establishing JD.com?

When he was still a student in the university, Richard used to work as a computer programmer for some local organizations in, and he could use the little cash he got from his job and family savings to venture into restaurant investment. Unfortunately, the venture collapsed after some years. Later he joined a Japanese health product company and worked with them as the director of business and computers.

After working for the enterprise for some years, Richard Liu decided to leave the company and started his own business. He opened the JingDong Mall and used to supply Magneto-optical products which for real did well. By the year 2012, the mall had other seven stores across the country. Go To This Page for more information.

Later in 2003, China experienced the SARS outbreak which affected Richard Liu’s business significantly. Staffs and clients could not come out from their homes, and as an entrepreneur Richard Liu had to switch his business into an online one. Since he was skilled and knowledgeable with computer programming, he launched his website where his clients could see and buy their products from home.

Later in 2004, he officially launched the site and named it JD.Com. Today JD.com is among the leading online business platforms in Asia and the world at large. Richard Qiangdong Liu is also referred to as the pioneer of online shopping.

 

Learn More: https://www.foodnavigator-asia.com/Article/2018/10/01/Over-the-moon-JD.com-garners-more-than-60-of-online-mooncake-sales

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.

 

More on: http://www.ftvcapital.com/team-member/richard-liu/

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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