Richard Liu, The Founder Of JD.Com

 

Richard Qiangdong Liu is the chief executive officer and the founder of JD.com also known as the JingDong Mall. He is a well-known businessman and entrepreneur in China who is very rich and listed by Forbes as a billionaire whose net worth is $ 5.3 billion. His company is one of the leading e commerce platforms in the world.

He was born in suqian, Jiangsu Province on 10th of march in the year 1973. Richard is an alumnus of Renmin University found in china and graduated from the institution with a bachelor’s degree in Sociology. He later joined China Europe International School where he studied computer programming and graduated with an EMBA.

Richard Liu started his entrepreneurship journey while he was still a student in the college. He used to invest the little cash he got from family loans and some programming which he used to practice in some local firms into a restaurant investment. After some months his restaurant business collapsed. See This Page to learn more.

After completion of his studies, Liu joined a Japanese health product enterprise and worked as the director for computers and business for two years. Later in 1998, he started his business the Jingdong Mall which then used to supply magneto optical products. By 2003 Richard opened twelve other stores across china and this was the beginning of his success in business.

Later in 2003, there emerged the SARS outbreak which had a great impact on Richer Liu’s business. The outbreak forced clients and staff to stay at home and Liu had to think outside the box. Since his business was now thriving and he had to ensure it was still operating despite the outbreak Richard came up with an idea of making his business an online one. He put into practice his computer programming knowledge and in 2004 he launched an online retail website. Later in that year, Liu founded Jingdong Mall.com.

Today Richard Liu is among the top entrepreneurs and richest people in China. His business journey is inspirational to many young people. From him we get to learn to be smart and hardworking for us to succeed.

 

More about JD.com on https://cn.nytimes.com/technology/20180619/google-china-jd-com/Tech%20in%20Asia%20-%20Jingdong%20Tags%20page/

Richard Liu Qiangdong Is Reaching For The Top With JD.com

When it comes to business in China, Jack Alibaba has been the reigning king when it comes to selling online goods and having a large presence throughout the nation. He has also been a major figure throughout television and YouTuve, which has allowed him to become something of a celebrity throughout China. Despite this, there has been someone else in the same field that has managed to become one of the wealthiest men in the entire nation, Richard Liu Qiangdong. Richard has been able to rise tremendously in popularity over the past few years, especially now that he has the largest e-commerce platform in China.

 

Richard Liu Qiangdong coined the term JingDong, which is what JD.com is named after. Richard made this name while he was still working at a former company known as Magneto Optical Parts. This company was another of Richard’s, but it ended up closing down because of the SARS epidemic that swept over China. Richard Liu Qiangdong started this company back in 1998 and it did well all the way up until the epidemic hit. Following these events, Richard collaborated with his employees and through brainstorming, they come up with the idea for an online retail company. By going online, Richard could avoid putting customers and employees at risk during the epidemic.

 

After starting up his new online retail company, JD.com, progress was steady and within the first year, the company was able to double in size. The major reason for this was because Richard Liu Qiangdong kept incorporating new products to the platform for customers to buy. Go Here to learn more.

 

Year after year, JD.com was growing by leaps and bounds and eventually they were approached by one of the largest media platforms in China, WeChant, which is owned by Tencent. Tencent invested more than 200 million dollars into JD.com, putting that at a net worth over 1 billion dollars. Today, JD.com has grown to a net worth of more than 11 million dollars in US currency.

 

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.

 

Learn More: https://jdcorporateblog.com/about-liu-qiangdong/

JD.com Partners With One Of The Finest Names In Fashion

JD.com is the world’s largest retailer, and they complete billions of transactions a year. They supply everything from fresh food to cars. They have the ability to ship most products immediately and they can fulfill millions of deliveries within one day. Their enormous inventory and data storage capabilities mean they can deliver almost anything almost immediately. See This Article to learn more.

 

They have recently added the prestigious Savile Row tailor Gieves & Hawkes to their list of companies they offer products from. They have been a famous name in England for centuries, and they have even dressed royalty. They have a reputation for tailoring some of the finest suits in the world. The combination of such a high end fashion name with the enormous infrastructure JD.com offers will be great news for fashion lovers across China. Gieves & Hawkes is one of several luxury lines belonging to the Hong Kong based company Ruyi’s Trinity Group.

 

Ruyi’s Trinity Group also has D’URBAN and Kent & Curwen as some of their luxury brands. It is one of several international partnerships JD.com has, and it is the perfect marriage of quality and innovation. No company has the resources that JD.com has to deliver products. Now they will be able to add high quality fashion to their list of products. JD.com unveiled their partnership with Ruyi’s Trinity Group with a series of promotional events.

 

It will be more great news for the Chinese who have been more and more interested in luxury international brands. They can now shop from some of the biggest and most respected names in fashion knowing that they will also be getting the prompt and efficient logistics that have made JD.com the premier service in e-commerce and retail. It is just one part of the JD.com empire, and it signals further partnerships with the biggest names in fashion.

 

Visit: http://www.dcvelocity.com/articles/20181018-jd-com-unveils-plans-to-study-underground-urban-fulfillment-network/

Insights From Richard Liu Qiangdong’s Interview With The World Economic Forum

 

If you are an avid entrepreneur, we guess that you have heard of Richard Liu Qiangdong, a renowned entrepreneur in the world’s e-commerce industry. He is the founder of Jingdong, a prominent online store with a projected market valuation of $67 billion.

Jingdong, famously known as JD.com, serves millions of customers based in China, Thailand, and other parts of the world. Recently, the company’s founder hinted at possible expansion into Europe and the United States.

How did Richard Liu rise from his financially weak background to his current status? Ensuing is a comprehensive illustration of his entrepreneurial journey derived from his interview with the World Economic Forum.

In line with the interview, Richard Liu Qiangdong started his entrepreneurial journey in 1998. This was after he completed his sociology degree from the People’s University of China, and a postgraduate from China Europe International Business School. He gained his initial business experience through two years of employment with Japan Life, a company which dealt in the sale of medical products.

He established a computer shop branded as Jingdong with a mission of raising funds for his grandmother’s hospital bills. Despite the modest start, Richard Liu Qiangdong managed to open several branches that supplied computer parts in Beijing.

Unfortunately, in 2004, China faced the SARS outbreak, and people were advised to remain indoors, a move that led to the closure of many brick and mortar businesses. However, the unfortunate event did not kill his entrepreneurial future. Instead, it inspired him to start JD.com.

How did he grow JD.com within a short period? In an interview entitled “An Insight, An Idea with Richard Liu”, at the World Economic Forum interview, Liu Qiangdong shared two primary strategies to expand his online venture.

First, the internet entrepreneur focused on supplying quality-approved genuine products. His company strictly adhered to a zero-tolerance policy on counterfeit products. He bought his stock directly from the manufacturers rather than the less reputable suppliers who sometimes supplied fake products. Visit This Page for additional information.

Besides the genuine products, Richard Liu Qiangdong made sure that his clients received their orders at a reasonable time, and they received the exact products that they ordered. The two tricks helped JD.com to win the hearts of millions of customers.

 

More about Richard Liu Qiangdong on https://www.sentaclinic.com/dr-richard-liu/

The E-commerce Guru Richard Liu Qiangdong

 

Richard Liu Qiangdong is a Chinese internet entrepreneur who is dominant and aggressive. He is the founder, chair, and CEO of one of China’s largest e-commerce platform, JD.com. The platform is worth approximately $57.6 billion while Richard Liu is worth $11 billion. JD.com is the world’s third largest internet companies and has the support of prominent companies such as Walmart and Google. Walmart is among the shareholders of JD.com and has recently increased its stake by 12%. Liu plans to expand the online platform to Europe and Us after he is done with Asia.

 

Richard Liu graduated in 1996 with a degree in sociology from Renmin University of China. As a student, Liu devoted much of his time sharpening his computer programming skills by engaging in freelance coding work. Later, Li earned an EMBA from the China Europe International Business School. After graduating, Liu worked for a health products company, Japan life for two years. He held different positions in the company including the director for computers and director of business.

 

In 1998, Richard Liu ventured in entrepreneurship and opened a shop in Beijing selling magneto-optical products. He named the shop “Jingdong” a combination of the last name of his then-girlfriend and his own. By 2003, Liu’s business had grown exponentially, and he opened 12 more stores. Unfortunately, in the same year, there was a SARS epidemic forcing people- both staff and customers- to remain housebound. This was a blessing in disguise because Liu had to rethink his business model. He switched his operations from physical stores to online and founded JD.com –Jingdong Mall- in 2004. By 2005, Liu had closed down all his physical stores to focus on e-commerce.

 

At JD.com, Richard Liu Qiangdong sold electronics and various quality consumer goods. The company’s revenue hit $37billion and a market capitalization of $44 billion in 2014. In the same year, weChat acquired a 15% stake in JD.com for 215 million, and the e-commerce platform went public in the US. JD.com is among the leading e-commerce businesses in China with Alibaba being it’s a fierce competitor. See This Page for related information.

 

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