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.

 

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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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