Richard Liu Qiangdong’s Journey To Success

 

It is true that failures become the steppingstones in achieving success. Living proof of this is Richard Liu Qiangdong. He started his own restaurant business while selling health products, however, the business did not perform well. Instead of pursuing the business further and losing hope, Richard Liu Qiangdong started to think of ideas that will help him to get back on track and earn income. In 1998, he built his own retail business located in Beijing by selling various computer parts. After several months and in a span of 1 year, the business became a hit.

Hard Work and Innovation

Meet the Chief Executive Officer and founder of the top e-commerce company in China that is popularly known as JD.com. Richard Liu Qiangdong built his own company during the start and rise of his career. Today, he owns billions of dollars and Qiangdong is considered as one of the best entrepreneurs that we have today. Richard Liu has established an empire that serves more than a hundred million shoppers that are very active and loyal to his services.

After graduating from college, he studied a different course afterward and engaged in computer programming where he found his true calling. Find Additional Information Here.

Growth and Progress

Last 2004, he decided to operate online than being a physical pop up store. This was where the e-commerce venture began and by the year of 2016, Richard Liu had net revenues of more than 40 billion USD. Through the sales of electronic goods and constant determination and willpower to become successful, Richard Liu Qiangdong is truly an inspiration to all of us.

The expansion and growth of J.D. com have greatly contributed to Richard Liu Qiangdong’s success in the industry. It is proven that he sells high-quality goods and that the site is very easy to use and reliable, which is why hundreds of businesses and big retailers from all over the world also have decided to establish a partnership with Richard Liu and JD.com. China’s top online marketplace shall thrive and flourish as the years go by.

Richard Liu Qiangdong’s skills, passion, and ability continue to innovate cutting edge technology in order to create unique solutions in improving the global economic environment.

JD.com Introducing High Tech Delivery System in Indonesia

 

Online shopping is the modern form of digital marketing which uses online platforms as a medium of conducting a business transaction. A digital e-commerce platform in Asia which is highly reputable is the Jd.com which has its headquarters in HongKong, China.

JD.com is the number one online website in China and the entire Asia region. It was founded in 2016 by a well-known businessperson known as Richard Liu Qiangdong who is a holder of master’s degree in computer science and programming from the University of Europe and China.

Richard Liu founded the company as a physical mall in the year21998 when it was known as 360buy and used to supply and retail magneto-optical products. He later changed his business into an online one in 2003 when the country was faced by the SARS epidemic which forced clients to remain in their houses. Richard Liu officially launched the website in 2004 and named it the JingDong Mall which is abbreviated into Jd.com. He is now the chief executive officer of the company and works hard to ensure that his company remains the number one customer satisfaction by advancing its technology.

On January 8th this year, JD.com launched a drone lift in Indonesia which will be used to improve the delivery system in the country. The launching took place from Jagabita Village where the flight started and landed at Parung Panjang in a school known Mis Nurul Falah Lees Elementary School. The event was attended and monitored by the Indonesian Ministry of transport, air aviation and civil navigation which also approve its function in the country.

Upon its launching, Jd.com gave out donations to the students in the school where the lift landed. The contributions included books and book packs, and this was just but part of the philanthropic activities the company has been conducting. Go To This Page for related information.

JD is well known in China for offering charitable assistance to the community and striving to improve the living standards of the homeland society. Jd.com started extending its operations to Indonesia in the year 2016 when it joined hands with another e-commerce company known as JV.com.

 

Visit: https://www.forbes.com/companies/jd/#62d9b6464f20

 

Richard Liu, Consistently Thinking Of New Ideas For JD.com

A graduate of Renmin University, Liu Qiangdong, otherwise known as Richard Liu has been an inspiration to the e-commerce website industry. JD.com is China’s largest internet retailer. With over 500 warehouses, holding more than 5 million pieces of merchandise, Richard Liu is determined to give customers variety and options at all cost.

 

David Rubenstein, at the World Economic Forum, inquire about the amount of choices offered to shoppers via JD.com. Richard Liu explains quite enthusiastically, that currently the company has over 5 million items to choose from, with an overturn rate of 34 days for the items to sell. Mr. Liu proclaims that their goal is to have even more merchandise available, with an overturn rate of 20 days to sell.

 

During the Davos interview entitled “An Insight, An Idea”, it was made clear to the audience, by Mr. Liu, that the goal of JD.com is to be number one globally. When asked specifically about Amazon, Mr. Liu stated, ‘Better than Amazon’. With the audience laughing and enjoying themselves during the chat with Mr. Rubenstein, it was obvious that, not only was Richard Qiangdong good at business, but he was also good at representing the company and China. See Related Link for additional information.

 

When making an online order, the first thing that comes to mind are the delivery costs. If the cost of delivery is too expensive, that could make a customer purchase less items. Richard Liu understands this very well, which is why he has come up with a strategy called the “JD Drone System”.

 

With this system drones will be responsible for delivering the items, in rural areas. Is this the first innovative idea, by Richard Liu? No. Is it the last? Definitely, not! Wherever there is an area that can work better, Mr. Liu will find it and invest money and valuable time to improve it, making the company that much better for its shoppers.

 

More about Richard Liu on: https://www.evergreendentalcarenh.com/

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