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/