JD.com Unbelievably Rising The Ranks Of Online Retailers

 

With its HQ in Beijing, China, the fast-growing e-commerce platform and company, JD.com, has since its establishment served to boost customer satisfaction. Richard Liu Qiangdong is the man behind its establishment and successes over the years, and he is also its executive chief

Change is Inevitable

The internet and its value which has increased over the years, boosting businesses and enabling companies and corporations to make names for themselves offered a way for JD.com. However, prior to this, it held the name ‘Jingdong,’ or otherwise known in full as Jingdong Century Trade Co. Thanks to digitalization and the marvels of the modern society, it is today known as Jingdong Mall, or otherwise, JD.com.

Modern Technology; the Way Forward for Top Online Retailers

The way forward for any company or corporation would perhaps be having a clear direction of where it’s headed. JD established means of reaching out to clients and prospective customers and offering their services most satisfactorily through online sales. While this boosted its outreach in the market, it also enabled the company to serve its customers best and thus attracting more. This is reflected in the tally which as by 2018, held a record of a whopping 301.8 billion customers and counting.

Does reaching out to clients and prospective customers ever get tough? Well, meet JD.com where every option is exhausted. Wonders of the contemporary society are innumerable, one being the use of drones for deliveries. JD.com takes into account the boost in their business that drones make while delivering purchases to customers in remote and unreachable areas, and therefore makes use of this great invention. Nonetheless, JD.com has recently implemented the use of robotics for deliveries. It is agreeable that being able to reach to customers, wherever they are, and offering them more than average services is one way to not only win their hearts but also those of the people around them. Read This Article for related information.

Shared Greatness

JD.com’s successes since its establishment in 2004 have seen its subsequent rise in ranks among global businesses. Furthermore, it has severally been noted to be one among China’s wealthiest online retailers. The success of JD.com is the success of its clients and all customers who have been served best by the company.

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

The Rise Of Chinese Billionaire Richard Liu Qiangdong

 

When counting the number of dollar billionaires China has to offer, then the name Richard Liu Qiangdong is without a doubt one of the names that will always be included in the conversations. And apart from having a huge net worth of close to $12.7 billion, the JD.com boss has also managed to keep himself very humble.

When he isn’t closing business deals worth billions and spending quality time with his beloved family, Richard Liu Qiangdong is often busy volunteering at Red Cross organized functions. This is attributed to his rather humble background and at the same time having the urge to always make people happy and satisfied

The Bumpy Road to Success

When it comes to having it rough in the entrepreneurship, we can safely agree that billionaire Richard Liu Qiangdong has hit more than his fair share of road bumps on his way up. For starters, the man barely survived the 2003 SARS pandemic that was responsible for wiping off a lot of businesses at the time. Read This Article to learn more.

When he was still a young and ambitious student at Renmin University in China, Richard Liu Qiangdong secured a loan to start a restaurant. Unfortunately for him, his business venture didn’t succeed as much as he had hoped, leaving him in debt. Thankfully, he was able to offset the financial burden working as a retailer dealing with health-related goods.

Once he was done with it, Richard Liu Qiangdong opened yet another business. This time around, he chose to deal exclusively with electronics and computer-related spare parts. By 2004, he founded JD.com, an e-commerce platform that would in 2018 be valued at an impressive $60 billion. He also made it known that the reason for his success was simply because he focuses on giving his esteemed clients what they want.

During his first visit at the recently held World Economic Forum Annual Meeting, the Chinese billionaire emphasized the importance of believing in an idea, in an interview entitled “An Insight, An Idea”. Despite all the drawbacks that he personally encountered, Richard Liu Qiangdong learned the importance of sticking to his initial ideas. This was despite the fact that he had to change his tact a couple of times.

 

More about Richard Liu Qiangdong on https://dentistry.uth.edu/directory/profile.htm?id=6826e3bd-18bb-4e2a-a87a-f3b9c93134d1

 

 

 

Richard Liu Qiangdong Is Eyeing The International Market

 

Richard Liu Qiangdong has an incredible success story. The 44 years old businessman founded JD.com in 2004, which is an industry leader in the e-commerce market of China. The business first started as a brick-and-mortar business called Jingdong in 1998. Richard Liu studied for his sociology degree in Beijing and later pursued an EMBA. He has always had the interest in being an entrepreneur and it is this passion that has helped to build a multi-billion dollar company. The estimates by Forbes show that the company has a value of $ billion and its owner is at $11 billion.

 

Entrepreneurship has not been an easy path for Richard Liu Qiangdong. He once failed in this endeavor when he opened a restaurant while still a student in college. However, this set back did not discourage his from opening Jingdong in 1998. Even though his parents were not very successful in their transport business, they were a source of inspiration for Richard Liu to joining the business world. See This Article for more information.

 

What he started as a shop selling computer part, expanded into other eleven locations. It was a great achievement, but in 2003 it was threatened by SAR outbreak that kept clients in their homes out of fear of getting infected. Richard Liu Qiangdong also had to ask all his workers to go home. The situation demanded him to rethink about the model of the business, and that is when he decided to move into the online business.

 

He changed the name of the business to JD.com and created an online platform that allowed customers to shop for wares online. In 2004, there were other online companies selling IT parts that were in competition with Richard Liu’s company. Liu developed a strategy of gaining a competitive advantage, which was stocking genuine parts at fairly affordable prices. Within no time, the company picked up and he started bringing in other types of products.

 

Richard Liu Qiangdong expresses that the Chinese market is not without competition from other online companies such as Wal-Mart, but JD.com is doing better than them. The goal is not to dominate the Chinese market only but to become the leader in the whole world.

 

View Source: https://www.jonesday.com/rliu/

Reasons Why Jingdong Is The Future Of E-Commerce In Southeast Asia

 

Southeast Asian market is unique in terms of consumer behaviors. Unlike the western world, e-commerce is still in its formative years. However, on the scale of growth, it is the fastest growing commercial niches in this part of the world. The growth has attracted many international e-commerce companies. In the last few years, however, Jingdong has outsmarted the other companies. The entity is without a doubt the best performing entity in this part of the world.

 

The recent JD’s entry to Thailand has revolutionized the commercial space in this country. The partnership with Central Group, which is a Thailand company, they have created JD Central. The new entity has been dubbed as the future of Thailand trading. With just less than sixty days of operation, JD Central has experienced exceptional traffic.

 

It is consistent with the Jingdong tradition of customizing e-commerce through selling goods that are not only high quality but also relevant to the targeted market. A quick scan through the JD Central gives the perfect impression of a one-stop shop. There are all types of goods from different countries and by different manufacturers. There are all types of home appliances, fashion goods, gadgets, electronics, and all fast-moving home goods.

 

The customer relation of JD Central is in line with the international standards. The dynamic and active customer service is also consistent with the Jingdong policy towards the customer’s satisfaction. The platform has a whole subsection dedicated to customer care, and the numbers provided are active. View Related Info Here.

 

Apart from the JD Central initiative, bringing San Miguel on board was not only timely but also futuristic dealings this year. E-commerce platforms rarely have ambition such as San Miguel- JD.com partnership. The primary purpose of this partnership apart from making fruits available to customers is encouraging people to be conscious of what they eat.

 

San Miguel as a company benefits massively from the Jingdong broad market and e-commerce infrastructure. Part of this phenomenal deal was to make San Miguel products available on JD.com e-commerce platforms. On the other hand, Jingdong will give its customers access to one of the best and the biggest fruits dealer in the Southern Hemisphere.

 

See Also: https://www.marketwatch.com/investing/stock/jd

 

Richard Liu Qiangdong: Attention To Detail Is Important

 

Richard Liu Qiangdong recently gave an interview entitled “An Insight, An Idea with Richard Liu” on weforum.org. Richard Liu is the Chinese businessman responsible for JD.com. The online retailer has enjoyed massive success in China netting more than $57 billion. Richard Liu himself is worth a staggering $11 billion. His success has skyrocketed with the company. One of the biggest questions that Richard Liu is asked to answer at the start is where he got JD.com from. He explains that he got this from mashing together his girlfriend’s last name and his last name. It is called Jingdong Mall and has been operating since 2004. Richard Liu also explained that he’s been running businesses since 1998.

JD.com signified a turning point in the Chinese e-commerce market. A lot of businesses that were Internet-based at the time did not offer peace of mind when he came to their products. Many of the products were counterfeit or bad quality. Richard Liu did not want JD.com to become known for such lackluster customer service. His focus became oriented on the customer from the very beginning. He wanted to help set new rules for the online markets. Eventually, he began to expand his computer-based business to all sorts of products. JD.com now offers almost anything that a customer might need. Find Additional Information Here.

Throughout this juncture, one of the biggest things that Richard Liu has learned is that companies need to put in the time and effort necessary to grow a loyal customer base. This is a lesson that he learned very early on in his career while he was still a student. He opened a restaurant with his earnings. Unfortunately, the restaurant did not do well because Richard Liu did not have the time necessary to grow the business properly. He believes that this happened so that he could learn a valuable lesson about business. Quiangdong took that lesson forward with him and began working on JD.com with a better understanding of what it takes to develop relationships with customers. The chaos of the Internet-based business at the time required that he take a different step. He believes that this attitude will be instrumental in the future success of JD.com. He eventually hopes that it is considered one of the top retailers in the world because of this attention to detail.

 

More about Richard Liu on https://dentistry.uth.edu/directory/profile.htm?id=6826e3bd-18bb-4e2a-a87a-f3b9c93134d1