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

How JD.com Is Redefining Sustainability Debate

Sustainability is arguably one of the most discussed topics in the commercial world, especially concerning the future of the financial world. Some of the principal talking points of the sustainability debate include responsiveness to alternative inventions and more importantly environmental protection.

 

JD.com is currently the most visible company as far as the three pillars of sustainability are concerned. Due to this responsiveness and consistency in this sustainability discourse, the company was recently named the global leader in suitability. Through the company’s official communication, the recognition cements the company’s philosophy as far as sustainability is concerned.

 

It is important to note that the recognition of JD.com reflects the work they have put in the last five years. According to the company’s management, each of their single project, the impact of the people and their environment is always a major consideration.

 

In every investment JD.com has funded before, there is always a connection to the suitability course, and this consistency affirms why the company is not only a fast-growing entity but has a clear blueprint on their future. Some of the areas that they have made huge investments on sustainability include their packaging, selling procedures, and more recently, their delivery options. Visit This Page to learn more.

 

According to the SEAL Awards team, the most astonishing aspect of JD.com on the sustainability debate is their new venture in recycling. Matt Harney, the founder SEAL acknowledges JD.com’s impact on all the cities the company operates is visible and operational and more importantly, the process of recycling is already in progress. In just three years, the company has been able to recycle more toys than any other company in this part of the world has. Although the process is profitable, JD.com has successfully incorporated locals of these cities and finally redefined the sustainability in the corporate world.

 

JD is also expanding the sustainability debate to be more than just business and cleaning the environment. Empowering the locals in these cities according to JD.com is an expansion of the company’s social responsibility. Millions of Chinese have interacted with the company as an online retailer and in empowerment programs

 

More about JD.com on https://finance.yahoo.com/quote/JD/

JD.com Sells Record Amount Of Products During This Year’s Singles Day Shoppers Festival

 

JD.com pulled out all the stops to make this year’s Singles Day Shopping Festival a record-level success. This festival took place between November 1st and November 11th. The range of products that people were buying was very wide and deep with almost every category doing very well.

JD.com’s parent company, Jingdong, stated that this was the first year that they had partnered with offline retailers, over 600,000 of them. That was a large part of the success. Buyers also were more concerned with purchasing high-quality products instead of focusing more on the price of goods. They were especially interested in imported brands such as Apple, Pampers, Dyston, Olay, SK-II, and Dell.

Jingdong was especially happy with how well their “Fast-Moving Consumer Goods” and Food Business Group performed. In total the sold over 29,500 tons of food including meat, fruits, vegetables, dairy, and seafood. The sold 2 million cups of yogurt, over 2,800 tons of sheep, beef, and pork, and moved 12 tons of live lobsters from Canada.

They doubled the number of coffee makers they sold last year. JD.com quadrupled the number of robotic vacuum cleaners, massage chairs, and smart big screen refrigerators sold to consumers. 90 percent of the products sold were sent with same- or next-day delivery.

On Singles Day, Jingdong opened the biggest 7FRESH store they have established so far. This store opened in Langfang, Hebei Province and within just a single hour over 10,000 customers came into the store. This is Jingdong’s offline fresh good grocery store and it has proven to be very popular with consumers. Other JD.com offline stores like their automated convenience stores also had very strong growth during the Singles Day Shopping Festival as they ran popular promotions. Get Additional Information Here.

JD.com’s partners were also very successful during this year’s Singles Day festivities. Over 200,000 of their offline partners ran promotions that took advantage of JD.com’s technology and infrastructure. JD.com helped them in other ways such as releasing a step-counting game where users got bonus steps by going into their partner’s stores. The points could then be used to acquire products in the stores or on the JD.com website.

 

Source Link: http://www.globaltimes.cn/content/1119371.shtml