Category: E-Commerce


The Success Of Richard Liu Qiangdong


 

 

Richard Liu Qiangdong has built a successful career in the world of business. Qiangdong is the founder, and CEO of one of China’s leading companies – JD.com. Qiangdong has built a very successful company and as a result has an estimated net worth of more than twelve billion dollars.

 

Richard Liu has built a reputation as being an entrepreneurial genius who is savvy and intuitive. Today his company serves more than one hundred million people. They are one of the world’s leaders in utilizing new technology.

 

Liu Qiangdong grew up in China’s Jiangsu province. From a young age he watched his parent model the values of hard work and education. He soon found himself studying at the Peoples’ University of China. He would soon go on to earn his degree in sociology. Richard Liu Qiangdong realized that he need a variety of skills to be successful in business world. He went on to teach himself coding and computer science. These skill would be very important to him in the near future.

 

Liu Qiangdong’s first job was working with Japan’s Life. This company is one of the world’s leading suppliers in naturals supplements. Richard showcased his computer skills within the company and soon worked his way up to Director of Computers. Despite this success Qiangdong felt called to begin his own business.

 

He established 360Buy, his own small business in Beijing. The company became known as China’s Technology Hub. The company prided itself on providing excellent customer service along with utilizing technology to help businesses. In just a short time the company became very successful, opening twelve different brick and mortar locations.

 

Things soon changed after a SARS outbreak impact the area.

 

In 2003 a SARS outbreak changed life in China. Liu was forced to change his business approach. Overtime he closed all of his store location and move to an online model. Qiangdong was able to survive the change and continue his success. Today the company is known as JD.com.

 

JD.com is one of the most successful online companies on the planet. JD.com even provides same day delivery with the world’s largest fleet of drones.

 

Liu Qiangdong has also been recognized by the “Business of Fashion Top Performing Businessmen of 2018”. An award that is very well deserved by Richard Liu Qiangdong. It is a reflection of his consistency and excellence in his business.

 

 

Richard Liu Secret To Creating A Multi-Million Dollar Company


 

Richard Liu created JD.com, where he also functions as the CEO. Richard Liu Qiangdong grew up in China where his parents worked hard to provide him with an education and instill values during his early life. After completion of school, he wanted to elevate his career and think beyond boundaries. The first place he got hired was at Japan Life which was a health-related company. There, he served different roles for two years as director of business and computers. Following which he chose to concentrate on computer sciences and teach himself how to code. Liu realized the market was getting competitive, so he had to learn more skills to march with other candidates in his field of interest.

 

In 1998, Richard Liu Qiangdong followed another cause. He decided to create his own company, as mentioned earlier. It is interesting to note that the name of the company was inspired by the girlfriend. It was a small retail shop which would eventually grow into a multi-million dollar company. Read This Article for more information.

 

JD.com specialized in selling computer parts. Richard Liu saw the importance of setting himself apart from his competitors. Therefore, he sold to his clients only authorized products. This method enabled him to earn respect and from his clients and potential customers. The quality of his products and services was not matched with other companies. This is how Richard Liu saw a gap in the market and sort to take advantage and benefit himself and others. He has continued to form partnerships with other companies which share the same goals.

 

As a business owner, Richard Liu Qiangdong utilized the power of the online world to reach more clients. He was able to switch from physical to online stores. Clients who purchase from his online store are able to find what they want because of the easy to use interface. The site receives a billion visits monthly. His company, JD.com utilizes technology to solve problems such as shipping problems. Despite the company’s success, he still remains present in the daily operations and technology production. JD.com rapid growth has been ranked with one of the world finest, Alibaba.

 

Visit his online store on www.joybuy.com/liu-qiangdong-jd-ceo-about

Pay Attention To Jd.com


 

JD.com is certainly a company that individuals should get to know. JD went public in 2014 and saw share prices that ranged around $20. The stock has continued to rise over the years, seeing dips every now and then and has bounced back up.

The stock has witnessed significant dips over the course of its lifetime but one of the most significant was that of the most recent one where it dipped below its initial price of launch a couple of years back. Investors will also want to know that JD.com was able to bounce back in a strong manner and has come back from $20.00 in December to $31.24 in April. Suffice it to say, JD.com was seeing a gradual downturn over the course of 2018, as such, one should know that the market was bearish on Jd.com over the course of last year.

It seems that sentiment has changed, investors such as Blackrock and others are increasing their shares in JDcom and others are changing their views on the stock from a neutral to a buy rating.

Here a few things that is going on with the stock as of today.

 

Jd.com Recent Updates

 

Ecommerce is expected to continue over the next few years and companies such as JD.com is expected to be key stakeholders in ecommerce and technology as a whole. Reports state that ecommerce will continue to climb as more people come online and that ecommerce sales in the United States has exceeded that of $400 billion over the course of 2018. Ecommerce is expected to rise at least 10% on yearly basis as well. The industry has grown so much that it is more than 8% of the total retail market. Go Here for additional information.

As such, it is important for individuals to pay close attention to this technology giant as it grows and contributes to higher quality of life.

 

View their profile on https://www.linkedin.com/company/jd.com/

JD.com And Their Work On Drone Services


 

Jingdong, also known as JD.com, is a China-based firm that has brought economic growth in China through retail business. Jindong is the largest retail firm in China that provides both online and offline services. JD.com offers a wide range of services in China. The firm ensures the delivery of products in China on the same or next day.

 

JD has made delivery services more comfortable and faster through the use of delivery robots and drones. The drones deliver goods to remote and mountainous regions. Jingdong uses delivery robots to deliver products in urban areas. In China, these robots are seen in Universities, parks and many other places. Jingdong has also opened up two smart delivery station in China to fasten delivery of products especially food in the area.

 

JD.com began working on drones back in 2015, and by 2016 they had launched their first ever drone in the area. JD now have drone operation in several states. The first government-approved drone was recently launched in Indonesia with the help of Jingdong. The launch will ensure the expansion of drone use in South East Asia. The president of JD.com’s logistics innovation lab, Jun Xiao believes that through the use of delivery robots and drones the logistics sector will grow.

 

They will also be able to make the logistics sector effective and transparent. Jingdong has been using the technologies for two years since they launched. According to Jun Xiao, drones and delivery robots be beneficial to plenty of individuals across the globe. JD.com is currently partnering up with Rakuten Inc, an e-commerce center based in Japan. The corporation will allow Rakuten Inc to use JD.com’s drones and delivery drones and delivery robots. Rakuten will utilize the technologies in Unmanned Delivery Solutions.

 

JD.com will combine its expertise in the development of drone and robots with Rakuten’s expertise in delivering services to provide a wide range of products and service in the area. Rakuten s delighted to be working with Jingdong. The Group Managing Executive Officer of Rakuten is hoping that with the use of delivery drones and robots the logistics sector in Japan will develop. The Managing Officer is looking forward to the development of a society that will offer more to citizens. Click Here to visit their channel on YouTube.

 

Visit them on https://www.nasdaq.com/symbol/jd/real-time

 

The Career Of JD.com Founder Richard Liu Qiangdong


 

Liu Qiangdong is the founder of the largest retail company in China known as JD.com. Since founding the company, Liu Qiangdong has used innovation to help build the company into a multibillion dollar business. Along with using innovation, Liu has used savvy and flexibility to help establish JD.com as among the most successful companies in the retail sector. As of today, JD.com continues to serve millions of customers worldwide along with using innovation to remain as one of the most prosperous retail companies in the entire world.

 

Before starting his career, Richard Liu learned the value of hard work from his parents. While growing up, his parents taught him about establishing a good work ethic in order to succeed in any endeavor he engaged in. When Liu Qiangdong finished his compulsory education, he moved on to attend the People’s University of China. While he attended the university, he studied sociology where he completed a degree. During his college years, Richard studied computer science in order to expand his knowledge and skills. This additional education would allow him to pursue lucrative employment opportunities once he finished college.

 

After graduating from college, Liu Qiangdong accepted an employment opportunity at a company called Japan Life. While working at Japan Life, Richard Liu worked in the technology department as a programmer. He would eventually become the Director of Computers. While he was serving as the Director of Computers at Japan Life, Liu would decide to eventually leave the company and become an entrepreneur. See This Page for additional information.

 

The first entrepreneurial venture that Liu Qiangdong started with was founding a small company specializing in magneto optics products. This business was quite successful and became a multimillion dollar company. However, the business shut down after a SARS outbreak. Since the company was forced to shut down, Richard Liu Qiangdong realized that he needed to make a company that was able to meet the needs of customers through ecommerce. After this business, Richard went on to found JD.com.

 

Once founding JD.com, Richard Liu helped establish the company as among the top companies in China. Over the next several years, JD.com would become one of the most innovative and efficient companies in the retail industry.

 

Learn more about Liu Qiangdong on http://www.jdwl.com/richard-liu-jd-ceo-about

 

 

 

Richard Liu, The Man Behind The Success Of JD.Com


 

Richard Liu is the will behind JD.Com the leading e-commerce firm in China. Read on to get the insight story behind the business and its founder and president.

 

Biography

 

Richard Liu also called Liu Qiangdong was born and raised from a middle-class family in China. The only boy among the three children born to his parent went to the typical school. He later went to Renmin University in China with a degree in sociology. He spent most of his leisure time sharpening the computer programming skills as a freelance coding worker.

He is married to his best, and first girlfriend and the couple has two children, the last-born girl is about two by now. Despite his success, Liu Qiangdong is still obedient to his parents and a loving and responsible husband and father to his family. His two sisters are also very successful. One of them taught him language, and the other one is studying abroad. Go Here for more information.

 

 The genesis and development of JD.Com

 

Liu began doing business while he was still in college, he recounts that the first restaurant was established owing to the financial demand at home. His grandmother was very sick and needed money for medication.

The sad news is that the business later failed because Liu Qiangdong had no time to run the restaurant. He was very busy with his studies in the third year of college. Richard Liu later ventured in the sale of computer accessories and had mannage4df to open up to 12 stalls before the SARS hit the entire region.

To avert the adverse effects of the SARS, he operated the business from his office. He was later advised by the then manager, now a billionaire to start an online store. Liu heeded to the advice and started the business in 2004 by combining his first name and his wife’s last name to come up with JD.com.

The online sales were higher, and the cost was meager compared to the offline transactions. JD.Com, therefore, started severe online operations. It is currently the leading online mall in China that deals with genuine consumer goods and electronics. Currently, the business is thriving and has branches and partners in other parts of the world especially in the Asian countries.

Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.

 

Additional reference: http://corporate.jd.com/richard-liu-jd-ceo-about

 

 

 

How the Decision To Change The Business Model Made Richard Liu Qiangdong A Successful Entrepreneur


 

Richard Liu Qiangdong transformed a four square meter shop into a $60 billion dollar online retail business. He is now the CEO of this company JD.com which initially began under the brick can mortar model but changed to electronic commerce in 2003. He studied sociology in college and he has also completed an EMBA. Richard Liu Qiangdong even explored the entrepreneurship world as a young man at the university but he could not manage to run the restaurant successfully because he had limited time to spare from class work.

 

He had different dreams from other young people because as they were chasing government jobs, Richard Liu knew he wanted to be a businessman. Going abroad in this time was too costly for his parents to afford. Therefore, after college, he was employed for two years in the IT department of a company dealing in health products. In 1998, Richard Liu used his savings to open a computer accessories outlet. He planned to use the proceeds of his business to afford proper care for his sickly grandmother.

 

The business picked and Liu began expanding to neighboring areas, and by 2003, he was managing 12 outlets and had employed a significant number of employees. The pandemic of SARS in 2003 affected the normal business operations because people had to avoid contracting the virus. Customers stayed in their houses and the existing model of the businesses has no way of resolving this problem of declining sales.

 

In this time, there were online businesses in China, therefore, one of Richard Liu Qiangdong’s managers suggested they could try running it as an online shop to reach the customers. It was a promising venture and therefore he started JD.com slowly, and up to the end of 2004, they were operating on and off. Richard Liu did an analysis of the two models and realized that online platform offered him more benefits that the physical stores in terms of customer satisfaction, costs, and efficiency. Go Here for more information.

 

When the online business was in its early stages, Richard Liu Qiangdong stocked IT products, digital items, and phones, and each year, more products were added. He believes that the business shall continue growing and is hoping to make JD.com the most valuable company in China.

 

Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.

 

More about Richard Liu on https://jdcorporateblog.com/about-richard-liu-jd-com-founder/

JD.com Strict Adherence To Quality Standards


 

JD.com is one of the leading internet company in China. It is also the largest e-commerce company in the country. JD.com has predetermined standards through its commitment to providing quality products, authenticity, and a wide range of products covering everything from food products, electronics, and cosmetics. It has no close rivals and therefore it provides it with a wide market of more than 1 billion customers. The company is also able to supply standardized goods which are delivered the next day after the order is made.

 

JD.com clients in China appreciates the fact that the firm brand guarantees the delivery of quality goods and services. JD embraces zero tolerance to counterfeit goods so as to ensure that only the highest quality and original goods reach their clients. The firm also combines the model of direct sales and online selling in the whole supply chain so that it can strictly monitor the quality of the products they sell.

 

Recently, JD.com established a partnership with Paramount Pictures and Hasbro Entertainment company to celebrate the release of Chinese new Transformers movie called Bumblebee. The Bumblebee has been on the run on since the year 1987 but finally, he finds refuge in a Californian beach where he settles in a junkyard. An 18-year-old teenager by name Charlie in his efforts to find his place in the world discovers the Bumblebee. The Bumblebee is a little bit scared and broken and when Charlie helps him, she quickly realizes that that was not an ordinary yellow VW bug. Find Additional Information Here.

 

In 2017, JD.com first entered into a partnership with Hasbro and Transformers franchise in the launching of a Mission Red mini short that featured Optimus and Red Knight who were fighting to protect the safeguard fuel source. The year’s celebration will be accompanied by a series of mini shorts that will feature the Chinese menswear brand and Panasonic in which the red knight fights to defend the energon. The Red Knight is also being brought to life by D and Hasbro where they create action figures of the Transformers bot. This movie was released on 29th Dec 2018 and this action figure can only be viewed on JD.com.

 

Related article: https://jdcorporateblog.com/jd-delivery-stations-get-smart-ahead-of-ces-debut/

 

Richard Liu Qiangdong’s Stance On Wealth


 

With more than 167,000 employees and 500 logistics centers throughout the country, JD.com is unquestionably China’s largest e-commerce retailer. Launched in 2004 by the Founder, Chairman, and Chief Executive Officer, Richard Liu Qiangdong, JD.com is estimated to be valued at $60 billion, delivering products throughout the whole of China, as well as all major first-world countries, including the United Kingdom and the United States.

 

Launched in 2004, the name JD.com, or Jingdong, derives from the combination of Richard Liu’s last name and the last name of a former girlfriend. Before becoming one of China’s foremost entrepreneurs, Richard Liu Qiangdong attended the Renmin University of China, and later, the China Europe International School of Business, earning degrees in sociology. After college, Liu Qiangdong worked for the health company, Japan Life, but eventually decided to launch his own company, doing so in 1998.

 

Unlike several of Richard Liu Qiangdong’s previous ventures, his electronics company was an immediate success, and he quickly grew the operations into a twelve-location business. 2003 proved to be a groundbreaking year for Richard Liu, as the SARS epidemic swept through the country, limiting the ability for personal interaction. This could have been a tremendous damper on his brick-and-mortar retail company, but, heeding the suggestion of a former manager, Liu Qiangdong decided to take his company online. After a thorough evaluation of the figures, he quickly realized that his e-commerce business would outperform his traditional brick-and-mortar locations, and by 2005, Jingdong was solely an online entity.

 

As China’s largest e-commerce retailer, JD.com competes directly with other retail juggernauts such as Wal-Mart, Amazon, and Tencent, yet, Richard Liu Qiangdong still views himself as his stiffest competition. With plans of expanding, JD.com has thrived in regards to its efficiency and consistency, with an average delivery time of six hours from the time of order placement. See This Page for related information.

 

Today, Richard Liu’s net worth is valued at around $11 billion, yet, despite the considerable change in his economic status, he doesn’t consider it to be a hindrance or an asset, instead, viewing wealth as a responsibility to improve society as a whole.

 

Visit: https://www.businessoffashion.com/community/people/richard-liu

A look At How JD.com Has Been Transforming Lives Through Charity


 

 

Apart from its success, JD.com, one of the most renowned e-commerce platforms in all of Asia is also famed for its community empowerment and environment conservation efforts. The company has always gone the extra mile in bettering the lives of the members of the community and this is proved by the various charity activities it has had a hand in. One of its most recent efforts in doing so came after it joined hands with some of the top brands that are part of its e-commerce community in an aim to raise money for kids who hail from disadvantaged backgrounds. Visit This Page for more information.

 

Season of giving

 

JD.com partnered with a charitable foundation known as Wardrobe of love, to facilitate the fundraising event which it named Season of giving. All brands which were part of the partnership gave off a certain percentage of the sales they made on JD.com to the charity event.

 

On the other hand, JD.com used the money to deliver clothes and other needed items such as school necessities to children who come from needy backgrounds. JD.com worked with over 1500 brands to facilitate the success of the charity affair including famed brands like Mentholatum and Zippo. The event was a success as it saw over 30,000 items get delivered to remote areas such as Xinjiang Uygur, Yunnan and Hebei among many others.

 

Committed to giving

 

To boost its ability to give back to the community, JD.com launched the “Aixin Dongdong” technological function which allows brands to conveniently allocate a certain amount of their revenue towards charity without having to bear with hectic processes they would have otherwise handled. As of today, JD.com has been able to make over 12 million charity deliveries through this function. The Season of giving charity event was carried out using this function as well.

 

Besides making charity deliveries, JD.com is also committed to empowering the youth by offering them an opportunity to better their lives by offering academic scholarships through the JD Foundation.

 

About JD.com

 

As mentioned earlier, JD.com is one of the most successful e-commerce brands in Asia. It competes arm in arm with companies such as Ali Baba and is fast making its way to the international lane of e-commerce. The company is based in Beijing and was established in 2004.

 

More about JD.com on https://www.marketwatch.com/investing/stock/jd



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