The Rise Of Richard Liu Qiangdong

 

Richard Liu Qiangdong was a successful businessman long before he went digital. In fact, he owned a string of brick-and-mortar retail establishments that sold optical products. He called the franchise Jingdong and was doing pretty well when the SARS outbreak occurred. It was here that Richard Liu found his true calling. He took his company digital and in 2005 JD.com was born.

Richard Liu was born himself in the province of Jiangsu. His parents were coal-shippers. In 1995, while attending Renmin University where he would get a bachelor’s in sociology, Liu began playing around with computers. Computers were still the new kid on the block and most people dismissed them as a sensation. Not Liu. He spent extra time learning how to code and by the time he graduated and went to China Europe International Business school for an EMBA, Richard Liu Qiangdong knew how to code. During the SARS outbreak Richard Liu used that skill to enter the fresh new world of e-commerce. Visit This Page for related information.

Today Richard Liu is the owner, operator of China’s top e-commerce retailer. His company does business all throughout Asia. Additionally, Richard Liu Qiangdong is also a pioneer for the future. JD.com is also known for its use of AI, automated systems, and commercial drone piloting. Liu has been an advocate for commercial drones for years, and China is the first country that has fully allowed their usage. Commercial drones are part of trend that seeks to fundamentally change traditional business. A factor many have already witnessed in face to face sales, personal marketing, success of start-ups, and the fall of great retail giants.

Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

JD.com sells all manner of retail items and connects buyers to sellers. The company is headquartered in Beijing and has satellite offices everywhere. Stateside companies like Wal-Mart own percentages of JD’s stock. Chinese giant Tencent is also an investor. The company is valued at $56 billion and Richard Liu himself is held at $11 billion in total net worth. .

 

See also: https://www.therichest.com/celebnetworth/celebrity-business/men/liu-qiangdong-net-worth/

 

JD.Com: Revolutionizing Logistics Using Drones And Autonomous Delivery Robots

 

JD.com is the largest retailer in China both in both general and e-commerce. It is also part of the Fortune 500 Global companies. JD has the largest revenue of all internet companies in China. By use of mobile applications and a detailed website, Jingdong provides broad categories of products that are affordable.

The platforms are user-friendly and deliveries are fast and dependable. JD.com also offers great customer service experience and expedient online as well as personal payment options. These among others makes the platform favorable and attractive to many users in China.

JD.com is known for developing autonomous delivery robots and drones. This aspect has led to its recent partnership with Rakuten Inc., a top international e-commerce innovation company. This collaboration between the two companies will lead to the utilization of Jingdong’s autonomous robots and drones in Japan. This will be through the unmanned distribution solutions offered by Rakuten.

This partnership will hence combine the art of developing the autonomous robots and drones by JD.com with the use of drone delivery services in Japan by Rakuten. Rakuten uses the drone delivery services in most of its devoted shopping applications. It started this service in 2016. This partnership will then increase the speed of innovation in the logistics sector of Japan that then transforms into a more convenient society.

Juan Xiao, the president of Jingdong’s innovation lab known as JD-X believes that delivery services should be effective in terms of cost, reliable and easily accessible. This is the reason the company turned to the use of the autonomous robots and drones around China. Japan’s mountainous topography and distant islands provides a great opportunity to deliveries by use of drones. Go To This Page to learn more.

Jingdong currently operates the use of drones in several provinces in China such as Shaanxi and Jiangsu. They are said to have saved flight time of about 400,000 minutes. Autonomous delivery has a broad number of uses from humanitarian to e-commerce. JD.com and Rakuten are determined to work hand in hand towards increasing the improvement and commercialization of unmanned delivery service in Japan by Rakuten and create an innovative and convenient society.

 

Visit their YouTube channel on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA

 

Liu Qiangdong And His E-commerce Ventures

 

Liu Qiangdong is the current CEO and founder of JD.com; a leading e-commerce company in China. His self-made success story has catapulted this business mind into a true entrepreneurial genius. However, it has not been by sheer luck that he got to this point.

Liu Qiangdong credits his flexibility, intuition and a business savvy mind to the success she has achieved thus far. His business started from a humble beginning but has grown to the current status where it actively serves well over 100 million shoppers. His business has thrived thanks to its continuous use and application of cutting edge technology to spur innovation that matches with the modern global economic environment.

Liu Qiangdong was born in Jiangsu province of China and his early life was simply typical of his other peers in the community. He is lucky to have had parents who saw the need to instill the spirit of hard work and education. After his primary and secondary schooling, Liu Qiangdong went to the People’s University of China where he enrolled in a sociology program and earned a Bachelor’s degree on the same.

As much as he had laid emphasis on his major, Liu Qiangdong saw the need to stay ahead of the pack in order to increase his competitiveness in the job market. As such, he taught himself the art of computer coding and other courses related to computer science. Get Additional Information Here.

After his graduation, Liu Qiangdong was employed by Japan Life; a major natural supplement provider. Here, he put to use his earlier learned skill in computers programs and went on to become the director of computers at the company.

It was not until 1998 that Liu Qiangdong decided to venture into the business environment by opening a shop that dealt with magneto-optical products. By 2003, the business had expanded exponentially to 12 stores, but a SARS outbreak soon after got him rethinking about the viability of a brick-and-mortar business. He started JD.com in 2004, and since then, he has never looked back. Liu took e e-commerce to a whole new level by leveraging on the power of the internet.

 

See also: www.joybuy.com/liu-qiangdong-jd-ceo-about

Richard Liu Qiangdong; How I Became The King Of E-Commerce

Richard Liu Qiangdong is one man who knows how to keep his head up while faced with adversity. Not only did Richard Liu build JD.com, one of the largest retail companies in China, he was also smart enough to shift his strategies to survive a lethargic SARS outbreak. While speaking at the World Economic Forum, Richard Liu recounted the events leading up to his success, much to the delight of a buoyant audience.

 

According to the founder and CEO of Jingdong, much of his motivation to build JD.com was inspired by his ailing grandmother. With his parents not in a position to afford medication for his grandmother, Richard Liu had to step up and bear the responsibility. It is this kind of strong love for family that drives Richard Liu, and the philosophy is heavily embedded in JD.com‘s culture and operations.

 

Richard Liu Qiangdong was introduced into entrepreneurship at an early age. His parents ran a struggling transport company which, nevertheless, taught him great lessons about entrepreneurship. The future billionaire would start his first business while he was still a student at the university. Richard Liu did not, however, invest enough time into his business, which was a restaurant, and this forced him to close it down shortly afterward. Liu, at the time, was pursuing a Sociology degree at the prestigious Renmin University of China.

 

He graduated in 1996 but would soon find out that the profession would never pay him the big bucks. This pushed him to study programming and he took up several coding jobs, which enabled him to pursue his EMBA at the China Europe International Business School. After his graduation, Richard Liu would find employment at Japan Life, a popular health product company. He worked with Japan Life for two years as the head of computers and also the director for computers before he left to start his own venture. See This Article for additional information.

 

Subsequently, Richard Liu Qiangdong opened a magneto-optical shop in Beijing and named it Jingdong. This was in 1998 and by the year 2003, he had opened 12 shops in Beijing. However, Liu Qiangdong’s success was short-lived because a SARS outbreak would force him to close down all his shops. Richard Liu, in quick response, came up with the idea to take his business online, and that was the birth of JD.com.

 

In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership.

 

See Also: https://www.thecasecentre.org/students/products/view?id=148717

Knowing Richard Liu Qiangdong

 

Richard Liu Qiangdong is the founder of JD.com (coined from his last name and his wife’s first name) in which he started in 2004 although the company began in 1998 as a computer accessories shop. He turned the entity into an online retail store when one of his managers suggested the option of starting an e-commerce business. The suggestion was made during a meeting that entailed discussing ways to improve the company’s financial performance after it encountered the SARS epidemic in 2004. Richard Liu is also the chairman as well as the chief executive officer of the company.

 

Currently, Richard Liu Qiangdong is estimated to be worth around $11 billion having developed a business empire that is about $60 billion in assets. During Richard Liu’s interview at the World Economic Forum in January 2018, entitled “An Insight, An Idea”, he indicated that his wealth is only on papers. He has donated a significant share of his riches to various initiatives. Many successful people in business indicate that they failed before experiencing success and Richard Liu is not any different.

 

When he was in college, he had started a restaurant business because he wanted to improve the financial situation of his family, since his parents’ transportation business was not doing well. However, the venture failed tremendously due to various reasons. For instance, he only had two hours a week to properly focus on it. However, this setback did not discourage him from starting another business. He knew that getting a government job was not an option for him. Find More Information Here.

 

From a business perspective, Richard Liu Qiangdong is still working hard to make JD.com the best online retail company both in China and the world. Liu wants to saturate China with high-quality products and then expand into South East Asia before penetrating the Middle East and then the western countries such as the United States.

 

However, even though Liu upholds his company highly, Richard Liu believes that his ambition is to be the best in the various aspects of his life. He wants to be the best son to his parents, husband to his wife, father to his two children, and boss to his employees. He also finds swimming and taking trips in the desert relaxing.

 

Visit: https://vivo.brown.edu/display/rl11

Conquering E-Commerce Markets With Richard Liu Qiangdong

 

Richard Liu Qiangdong is an entrepreneur who has made significant milestones in business.

Liu Qiangdong’s prowess and successes have made him get called to speak and attend significant conferences around the world. Richard Liu has expressed on numerous platforms including the annual World Economic Forum. In these kinds of forums, he always spoke of how he got started in business and how he has managed to conquer new markets.

Richard Liu attends the World Economic Forum

During the recent World Economic Forum, Richard Liu spoke about his journey from the time he operated supply stores to his current achievement. In the meeting, he reminisced about how he started out having a few members of staff to the current 167,000 pool of workers.

Richard Liu Qiangdong told other professionals that his business hires people weekly and uses cutting-edge technology to serve its customers promptly. He also spoke about their vast clientele scattered across China and the United States. According to Richard Liu, his company intends to conquer more clients worldwide.

About Richard Liu

Richard Liu is an experienced businessman and founder of JD.com, Inc. also known as Jingdong. This professional is a seasoned entrepreneur as the CEO of the company. Richard Liu is an alma mater of the Renmin University of China. He has also schooled at the China Europe International Business School. Given his vast experience in the business world, he has acquired immense wealth and has a net worth of $12.7 billion.

Richard Liu has always has had a passion for technology. His first job was in programming. After graduating from college, he took up a position at Japan Life to build up his skills. Two years later, he launched a supply business which grew significantly throughout six years. Under his leadership, the magneto-optical distribution chain managed to establish over 12 stores across China.

When the SARS epidemic hit China, Richard Liu began to think of a more efficient way to deliver goods to his clients. With this idea in mind, he decided to establish JD.com, an internet company. This venture utilizes the latest technology and has since become the biggest conglomerate in China competing against veterans such as Alibaba. Refer to This Article for additional information.

 

Learn More: https://www.crunchbase.com/person/qiangdong-liu