The Story Of Richard Liu Qiangdong

One of the leading ecommerce websites in China, JD.com, is the brainchild of Richard Liu Qiangdong. The company is estimated to be worth $12 billion and serves more than 100 million customers spread across the globe. However, the company did not start as big as it is today.

In fact, you will be surprised to find out that there was a time when it was not known outside a small town in China. JD’s growth is one of the biggest entrepreneurship stories of all times, thanks to the Chief Executive Officer, Richard Liu.

How he rose through education

When growing up in the province of Jiangsu in China, Richard Liu Qiangdong was encouraged by his parents who were coal workers to go after his dreams. They wanted him to be hard working in hos academics as well as in things outside the academic circles. He took their advice and therefore, after going through school, he was enrolled at the prestigious People’s University of China. He continued with his hard work while there and upon graduation, his determination saw him seek courses in Computer science and computer coding. He was laying the foundation for a career that would see him own one of the biggest companies in China.

How he transitioned from employment to entrepreneurship

Richard Liu did not go straight to business when he graduated from university. He chose to go into employment by working for Japan Life, a company that was selling natural supplements on a large scale basis. It is through this company that he gained skills after being promoted to head the computers department.

Liu Qiangdong’s passion to go into business could not allow him to keep working anymore and therefore, he moved to start his own company that was selling magneto-optical products. This company was neither online based nor multi-billion because it operated from an office in a local town.

Things changed for the better when Richard Liu Qiangdong was approached by several leading companies who wanted to be associated with him after noting the rapid growth of his company after taking it online. He got contracts to list more products and that is how he created his business empire named JD.com. See This Page for related information.

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 about him on https://www.therichest.com/celebnetworth/celebrity-business/men/liu-qiangdong-net-worth/

 

JD.com Unveils its New Technology

 

JD.com has unveiled a series of new developments over the last year. It showcased many of them when it attended the CES in Las Vegas, NV. The company has introduced a wide variety of new technologies along with many developments to make the company more environmentally friendly. JD.com is the world’s largest retailer, and it delivers billions of packages to over 300 million people in China.

Most of the products are delivered within one or two days. It is part of the company’s initiative to allow customers to buy whatever they want, whenever they want, and wherever they want. That promise requires a huge infrastructure. JD.com is using drones and robot cars to make some of those deliveries. Drones can leave from the plants and deliver to hard to reach areas of China. While the drones are impressive, the new driverless robot cars are the real cutting edge technology that JD.com is already using. Find More Information Here.

In the recent company’s blog “JD Delivery Stations Get Smart Ahead Of CES Debut”, JD has talked about the launch of two smart delivery stations, strengthening the e-commerce giant’s autonomous logistics capabilities.

The program is being used in two cities, Changsha and Hohhot, but JD.com will be expanding it over the next few months. The vehicles can deliver within 5km from their electric charging stations. They can navigate through traffic while avoiding obstacles and following traffic laws. Each vehicle can hold 30 packages, and in a day they can deliver up to 2,000 packages. The drones, the robot vehicles and the hydrogen trucks that JD.com uses are all part of the ‘last mile’ initiative that is moving the company towards a carbon neutral delivery system.

JD is also actively finding new ways to be environmentally conscious and reduce waste and pollution. It is using new biodegradable boxes that can be used ten times. The company has also reduced the amount of tape it uses on packages. The company has made a pledge to work with other companies that are showing they can be environmentally friendly. The new technology and the environmental work are all part of JD.com’s mission to be a leader in the world of e-commerce.

 

Visit: https://www.jd.ru/

 

 

JD.com Focus On How They Can Help Others

 

JD.com is the leading online and offline retailer in China and one of the largest e-commerce companies in the world. JD.com provides the best online services by providing quality and authentic products at a low price. It offers products such as electronics, fresh food, cosmetics, and clothing. Their HQ is in Beijing, China. It was established in July 1998 by Liu Qiangdong. It has more than 300 million customers. The Forbes listed JD.com as one of the Fortune 500 global companies.

The company spends a lot of time figuring out the best way to cater to their customers and that’s what makes them among the best in the industry. They know what people need and they aren’t afraid to help their customers get what they’re looking for.

It’s important for JD.com to keep offering positive experiences to all their customers so they can make sure they’re giving them everything they looked for on the market. It’s also important for the business to focus on how they can change and what they need to do to make those changes. As long as JD.com knows what they’re offering their customers, they can help their customers get the best experience possible.

In the recent company’s blog “JD Delivery Stations Get Smart Ahead Of CES Debut”, JD has talked about the launch of two smart delivery stations in the cities of Changsha and Hohhot, strengthening the e-commerce giant’s autonomous logistics capabilities.

It can be complicated for people to see what they need to do when it comes to online shopping, but JD.com handles those issues. They are dedicated to customer service and they know a lot about what they can do to help the customer service industry. It is difficult for companies to always focus on what they can do to help customers, but JD.com doesn’t struggle with that. Instead, they always try to give customers what they’re looking for first. From there, they built the rest of their business around that. They wanted to make sure the business had customers at the center and that’s why they pushed to make sure they were doing everything in the best way possible. Click Here watch their video on YouTube.

Between their work in the industry and the way they handled the situations they dealt with for their customers, they knew they were making the most out of all the options they had. It was important for JD.com to show people how things would change and how they could make a big difference no matter what they ran into. It helped JD.com show people they were getting more out of these situations and they would be able to succeed no matter what issues they had. Thanks to this, they know what they can do to give people positive experiences in different situations.

 

Check them out on https://www.forbes.com/companies/jd/#62d9b6464f20

 

Richard Liu Qiangdong: Successful Entrepreneur Making It Big In E-commerce

Every entrepreneur has a story to tell, and Liu Qiangdong is no different. He started from humble beginnings and through hard work emerged to be one of the most prominent entrepreneurs of his time. He is the founder of JD.com, the largest e-commerce retail store in China.

 

Richard Liu Qiangdong has always had the entrepreneurial spirit. He started by opening a restaurant business. However, the company did not do well, but he continued to push on. He has also worked for Japan Life selling healthcare products. He later decided to open a business after completing his studies the business grew and was doing so well.

 

Even though he went to study sociology, Liu Qiangdong decided to follow his passion for computer programming. He later decided to go out on his own by opening up a shop dealing with magneto-optical products. The business expanded to 12 stores. However, things did not go well for Jingdong, when a SARs outbreak hit the country. Both customers’ staff had to remain at home due to the outbreak.

 

Richard Liu Qiangdong closed down all his stores and put more focus on the e-commerce store. He started by selling electronics and consumer goods. It was at this time that the idea to start JD.com came to mind in 2004.

 

Due to the company’s massive growth, it has attracted interest from the big players such as Wal-Mart. Walmart has a 12 percent stake in the company. See This Page for additional information.

 

JD.com also went into partnership with We Chat in 2014. The deal was for We Chat to promote JD.com services on its social network. The efforts paid off because JD.com went public in the US in the same year. Currently, the company has a net worth of $7.6 billion, and he invested in the Farfetch Company, the partnership will see the companies have massive reach in China. Jing-dong spent $397 million in the company.

 

Richard Liu’s aggressiveness has seen the company grow to be recognized as the largest online retail store. The company’s board cannot hold any meeting without Liu being present. There is no doubt that Liu has become an internet celebrity in his country.

 

Source: https://seekingalpha.com/article/4226658-jd-com-will-richard-liu-deliver-2019

Progress In JD.com Medicinal Products Delivery

 

In the efforts of creating smooth and open supply chain services, JD.com in China launched an advanced technology program known as “Medicine Open Tracing Solution”. This program was first announced in Beijing during the 2018 JD`s Big Data Summit. The pharmaceutical Open Tracing Solution program is designed in a way it easy to use and has a leverage IoT solutions to simplify data collection process.

This program is found in JD.com website in an Open Platform, and its primary purpose is to assess the quality of medicines from suppliers to consumers by providing significant tracing information. Pharmaceutical tracing program covers all the process from the production, medical usage, transportation, storage and marketing of drugs. Refer to This Article for additional information.

The formation of this program was triggered by the recent pharmaceutical incidences in China which entails the sub-standards medical products more, so vaccines products, which have been found expired or below standards in the past. The substandard products have increased concern on the safety, and sources of medicine consumers are using.

JD.com is also teaming up with various bodies to strengthen their capabilities and enhance quick achievement of this project. The partnering industries include smart hardware manufacturers, medical software providers, and industry associations entitled to oversee the whole development of “Internet of Things” ecosystem devices which will promote medical traceability, improve standards and promote transparency across the firm.

According to Jian Pei, the tracing solution would enhance transparency and accountability to every party involved in the pharmaceutical industry. Some of the parties include; company’s consumers, businesses and governments. Jian Pei is the head of JD.com Big Data and Smart Supply Chain company.

At the beginning of the year 2018, JD.com launched its Blockchain Open Platform aiming at providing blockchain capabilities to a variety of industries. JD.com is leveraging its ability in various sectors including technology, the supply chain, logistics and other related sectors empowering its partners with its initiative programs. China Pacific Insurance Company was the first company to employ open blockchain platform where it used it to develop a convenient traceable system for all invoices sent online also known as ‟fapiao,” which are the official receipts for business required in China.

 

More about JD.com on https://boards.greenhouse.io/jdcom

The Secret to Richard Liu Qiangdong’s Success

 

When Richard Liu Qiangdong was growing up, he used to work in his parents transport business on the canals moving coal from north China to south China. This business was not a very profitable one and his parents still work in transport, but Mr. Liu decided to strike out on his own while he was still in college. Richard decided to open own restaurant, but because he was still in college trying to finish his last two years, Richard Liu’s restaurant did not stay open. Liu learned a valuable lesson that money alone will not build a successful business, you also need time to devote to any enterprise.

After graduation in 1996, Richard Liu had two choices: continue college abroad (as was the fashion then) or pay to enter a government position. Richard decided to not do either of those things and instead opened what would be the beginning of the business he still runs today. Jingdong sold authorized parts and tech equipment, which was a rarity when the market at that time was flooded with counterfeit parts. Mr. Liu eventually had 12 physical shops by 2003. A large part of his livelihood depended on face to face interactions, so when the SARS epidemic hit in 2004, Richard along with his managers decided to close the physical stores and try to fulfill orders online instead. Click Here for more information.

JD.com has grown into one of the biggest e-commerce sites in China. Richard Liu Qiangdong’s company has mastered the art of authentic products with good customer service and as quick as a 4 hour turn around in some areas of China, making it possible for JD.com to branch out into many other categories of products such as grocery shopping and delivery. For the future, Mr. Richard Liu would like to see more world commerce. JD.com could become a major contender against the giant online services such as Amazon or Ebay.

 

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