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/

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.

 

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

The Full Scoop On Richard Liu Qiangdong And JD.com

 

Richard Liu is the successful 44 year old CEO of JD.com, largest e-commerce platform in China. Richard started business in 1998 and really started becoming successful in 2004 after the SARS epidemic forced him to sell online instead of in person. Currently including the value of the publicly traded stock, JD is worth over 57 billion dollars in aggregate. Richard Liu himself is worth about 11 billion dollars. As a matter of fact, Walmart is a 12% shareholder of JD’s stock. This is particularly interesting because in an interview recently, Richard Liu was quoted as saying that he wanted to model Walmart’s business model (despite having a product selection in the buildings compared to Walmart’s millions).

 

Richard Liu Quiangdong started out life with a degree in sociology from the venerable Renmin University in Beijing. However, he was more interested in computer programming and so attended the China Europe International Business School to attain his MBA. From his degrees he was able to obtain a job with the company called Japan Life, where he utilized his computer skills. View Additional Info Here.

 

He later branched out and formed his own company selling magneto-optical products, and his business was called “JingDong”: hence the name JD.com. Then the SARS hit in 2004, and the rest was history. Most recently, the founder of the billion-users-per-month platform WeChat invested 215 million dollars for a 15% stake in the company, thus valuing the company at over one billion dollars. This is when things started to get interesting for Richard Liu, where WeChat started aggressively promoting JD as part of the deal. 2 months from the start of this deal, JD then went public on the United States Nasdaq exchange and was one of the hottest IPO’s at the time. Currently, JD is now fighting for the number one spot in China against Alibaba and Jack Ma.

 

Visit: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d

JD.com Continues Its Expansion By Partnering Up With San Miguel And Central Group

 

JD.com recently announced the further expansion into Southeast Asia with the partnership with Central Group (the leading retail conglomerate in Thailand), which resulted in the launch of the e-commerce platform JD CENTRAL. The new platform went live in late September of this year and is another step in JD’s expansion in the region, after the launch of an e-commerce platform in Indonesia, and an investment in Tiki, which is the leading B2C e-commerce business in Vietnam.

 

JD.com’s new platform became available for test operations in June, offering direct sales as well as marketplace models. Since June, sales have exceeded expectations, and products from Chinese companies proved to be popular among customers, the leading brands including OnePlus, Lenovo, Xiaomi, and Huawei. The platform offers everything from electronics, to digital products, to home appliances, fashion, cosmetics, and more. 80% of shoppers have accessed the platform through their cell phones, and among the top selling categories were mobile devices, fashion, and fast-moving consumer goods. Refer to This Article for more information.

 

The Chief Executive Officer of JD CENTRAL, Vincent Yang stated that with the launch of the platform, the company is delighted to be taking a step forward in JD’s journey to save customers in Southeast Asia. Their partnership with Central Group will provide Thai shoppers with a world-class e-commerce experience as well as 100% product authenticity, noted Yang. He also declared that this move will unlock boundless consumer potential of the country’s large population, and will transform the local market, the ultimate goal being to become the most trusted brand in Thailand.

 

It was also reported that San Miguel, a leading citrus company in the Southern Hemisphere, joined the e-commerce platform, offering fresh produce through the JD.com portal. The Chinese company announced in Honk Kong the initiative entitled “Global Fruit Strategic Alliance”, which intends to boost the vegetable and fruit market activity in the country. Besides San Miguel, 18 more fruit producers signed up, such as Wonderful Citrus and Zespri. The alliance recognizes San Miguel to be among the leading companies in the industry, and also boosts the business development via e-commerce. In addition, the initiative allows the company to expand its presence.

 

See also https://cointelegraph.com/news/jdcom-opens-institute-for-building-smart-cities-with-blockchain-and-ai

 

 

 

JD.com Providing What The Asian World Wants And Need Fast And Efficiently

Jingdong, also known as JD.com, began its online marketplace in 2010. JD.com has become China’s leading e-commerce platform and an established e-commerce presence in Indonesia. Now, it has expanded into Thailand by introducing a new e-commerce platform called “JD Central”. The new platform started the 28th of September.

Jingdong offers a wide range of products through direct sales and market place models.

 

Customers have a choice of electronics, digital products, fashion, home appliances, books and music. Many,Fast-moving consumer goods (FMCG) are available. Cosmetics, toiletries, beverages and processed foods are just some of the items sold in this category. The top selling items have been fast-moving consumer goods, fashion and mobile devices. Popular Chinese brands that sale are Xiaomi, Huawei, One Plus and Lenovo. If there is an equivalent for the “Amazon of China”, Jingdong Mall is the best candidate.

 

Jingdong is now partnering with San Miguel, a citrus company. They will work together on a project called the “Global Fruit Strategic Alliance”. The announcement of this initiative was made in Hong Kong, by JD.com. Eighteen other well known fruit producers will participate. Zespri and Wonderful Citrus are two of the 18 companies. One of the goals of the initiative is to increase fruit and vegetable activity within the country. It will also allow San Miguel to introduce its produce globally.

 

JD.com not only wants to provide Asian consumers with a variety of online products, but it wants the process to be efficient and fast. Ninety percent of all orders are delivered the same or next day. Jingdong has its own automated fulfillment system and uses its own employees in its delivery network. JD.com offers its customers the convenience of paying for orders online or in person.

 

In 2016, JD.com had 226.6 million active customer accounts and filled 1.6 billion orders. Today, it is one of China’s leading e-commerce platforms, has over 300 million active customers, nearly 7,000 delivery stations and 500 warehouses. Go Here for related Information.

 

 

Visit: http://www.jd.hk/