Richard Liu Qiangdong Interview During the World Economic Annual Meeting

Richard Liu Qiangdong is the founding father and CEO of JD.com. This firm is one of the largest online shops that sell products like IT, digital and mobile phones. It took JD.com about six years for it to establish itself internationally. According to Richard Liu, the firm is currently worth $60 billion.

Richard Liu studied at the Renmin University of China where he graduated with a degree in sociology. During his free time, he spent the majority of his time doing a self-training program in computer programming through freelance coding work.

When Richard Liu was in his third year, he opened a restaurant though it could not work for him as he didn’t give it enough time. He was not able to multitask between his education and the business. Later that year his mother got sick and he needed money to help her meet the medical expenses. This prompted Richard Liu Qiangdong to open another store that started by selling computer accessories. He named it Jingdong which came from the last name of his girlfriend name and his name.

After a period of six years, Jingdong had expanded by 12 more outlets. In the year 2003, there was an outbreak of SAR which forced both his staff and his customers to remain indoors. However, Richard Liu Qiangdong together with his managers decided not to go back home but instead, they stayed put where they came up with a new strategy that would eventually see them survive the year. It is during this time that one of his managers came with the idea of selling products online which they fully embraced.

By 2005, Richard Liu had closed all his stores so that he can concentrate on his online business which he named JD.com. This was after he noticed that e-commerce was more effective and efficient when compared to offline business. Online business presented a better business opportunity for him as it was cost-effective and it ensured greater customer satisfaction. Currently, JD.com is one of the largest online retailer shops which guarantee its customers great and genuine products.

About JD.com: www.cnbc.com/quotes/?symbol=JD

Richard Liu Qiangdong: The Desires Of A Savvy Consumer

 

There is a lot of different ways that people can gain success, but retail can be quite a difficult mistress. Richard Liu Qiangdong has proven his ability to flourish in an ever-changing field. Often referred to by the shortened version of his name Richard Liu, has put his company on the market and place them in a position where they will soon be launched onto a more international marketplace.

The company was originally known as Jingdong Mall but in 2005 they moved to the more readily recognized moniker JD.com when they became an exclusively online retailer. The decision to move into an online marketplace was not an easy one for Richard Liu Qiangdong. The SARS epidemic had been a major concern for many Chinese business professionals and moving his store online seem to be a sensible way to continue being productive. View More Information Here.

The company has done well in this market. In fact, Richard Liu Qiangdong sat down for an interview with Weforum where their interviewer David Rubenstein questioned him about his success. JD.com originally started with electronics and their components but moved into other categories. Richard Liu said that this was a slow-going process because he wanted to be sure that these categories gave customers what they needed. He did not want to throw in merchandise for the sake of offering it. Many companies at the time were selling counterfeit merchandise and he did not want to add to the problem. This is one of the major reasons why he believes that JD.com is so trusted today.

In addition to their expansive stock, Richard Liu talks about their fast delivery times. He explains that in major Chinese cities JD.com is able to deliver products in as little as a few hours. They have their own delivery service so that customers can get their products right away. This commitment to their customers is major for the next step in Richard Liu Qiangdong’s plan.

He hopes that he can spread JD.com over to other markets. Liu believes that it offers a unique perspective to retail that will be very important in the coming retail market. For Richard Liu, consumers will want more out of their shopping experience and JD.com will be there to fulfill those needs.

 

More about Richard Liu Qiangdong on https://www.forbes.com/profile/liu-qiangdong/#711217232c0d

JD.com Has A Few More Big Surprises For Customers During The End Of 2018

 

Many people this holiday season might have seen a festive holiday video that was put out by JD.com and featured Hello Kitty. This was, in fact, the promotional video to announce the partnership between Sanrio and Sanrio for this holiday season as the two companies work together to bring customers an outstanding Hello Kitty promotion.

 

There will be a wide range of merchandise with a Hello Kitty theme to it that will be on offer through the extensive platform of JD.com. These Hello Kitty products will come from a range of different categories including electronics, food and many, many more. JD.com is also proud to offer Hello Kitty themed gift boxes for this exciting 2018 holiday season.

 

“Boundaryless Retail” has been the major theme that JD.com has been promoting recently and the bottom line with the promotion is that it allows customers to buy what when are where they want to buy items. The Hello Kitty promotion is certainly no different at all. This promotion is also coming off of the JD.com online platform and setting up shop offline at Wangfujing APM, a popular shopping center in Beijing. At this location, customers will be able to get photos with Hello Kitty characters. View More Information Here.

 

This has been a big year in general for JD.com in terms of releasing promotions that involve beloved characters. Earlier promotions included the Justice League. This big promotion went side by side with the release of the Justice League film to the public of China. Being able to offer these great promotions allows JD.com a great way to reach even more customers by offering them the characters that they have come to love.

 

These promotions come at the end of a big year in general for JD.com. There have been a great many strides made toward offering customers Boundaryless Retail options and JD.com has also made consistent upgrades and improvements to its amazing, proprietary technology that facilitates its supply chain and its vast network of logistics that allow the company some of the fastest turnaround time in the entire worldwide retain industry. The company plans to continue with even more big surprises in the coming year of 2019.

 

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

Richard Liu Qiangdong Talks About His Expansion Plans For Jingdong

 

The online retail business has been flourishing at a massive pace in the last few years, and one of the companies that have been contributing to the e-commerce space is JD.com, earlier known as 360buy.com.

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.

The company was founded by Richard Liu Qiangdong who has years of experience in the retail space and even started his career by selling health products for an international firm named Japan Life. However, he always wanted to start his own business, and it is why he started a store that sold magneto-optical products. Later on, he started a total of 12 stores across the country, but during the SARS outbreak, he suffered from huge losses. But he did not let it bring him down.

It is when Richard Liu Qiangdong decided that he should switch to online retail business and thus, started the online retail journey of JD.com. There are tons of companies that have been active in the online retail industry, but the leadership of Richard Liu Qiangdong has helped the company to grow at an exponential pace. Richard Liu Qiangdong is a highly qualified individual and has studied sociology from the Renmin University and EMBA from the China Europe International Business School.

After completing his studies, Richard Liu Qiangdong worked many odd jobs but eventually landed in the retail business that he dominates today. The success that he has achieved has been nothing short of phenomenal and has inspired many young entrepreneurs as well. See Related Link for more information.

Richard Liu Qiangdong was recently asked about his plans for JD.com, and he said that he wants it to become number one. He believes that if a company becomes number one in China, it will be number one in the world. For him, the biggest competitor is Walmart, but they are better than them because they have a greater number of options compared to them. Liu Quiangdong aims to provide the broadest range of options to its customers so that their customers do not have to go anywhere else. Richard Liu Qiangdong also wants to keep working till he is 65 but wants to raise his two kids like normal children so that they can work for their success as he did.

 

More about Liu Quiangdong on https://www.forbes.com/profile/liu-qiangdong/#711217232c0d

 

Richard Liu- Founder, The Visionary CEO, And Chairman Of JD.com

 

Richard Liu Qiangdong is the founder and Chief Executive Officer of JD.com, one of the largest e-commerce platforms in China. Since its establishment, the e-commerce retailer has seen an impressive growth. The growth has attracted notable partners into the creative and lucrative business idea.

 

For instance, in March 2014, Tencent, the WeChat owner acquired a 15 percent stake in JD.com for $215 million, and as part of the agreement, WeChat promoted JD.com on its social network. Two months into the deal, JD.com went public as one of the biggest NASDAQ floats of the year, with a net worth of almost $60 billion.

 

Richard Liu started JD.com in 2004, after a SARS outbreak, that rendered his physical shops almost useless. Before that, the sociology graduate from the Renmin University of China has spent some time growing his computer skills. After graduation, Richard Liu worked for Japan Life as a Director of Computers and Director of business. He attempted to venture into the restaurant business but failed, and in 1998, he opened a computer shop.

 

The business experienced a robust and swift growth. Liu operated a total of 12 stores before the SARS epidemic broke out and rendered his business redundant. The outbreak forced Richard Liu to rethink his business strategy, and between 2004 until 2005, Richard Liu transformed the business to an online platform. Initially, the business only sold computer parts, before moving to digital products, and eventually, almost everything.

 

According to Mr. Qiangdong, the success of his business can partly be attributed to his desire to provide quality services for his consumers. He chose not to sell counterfeit products, and instead, go a step ahead to produce genuine receipts for the clients. Operating online was also cheaper and efficient for customers compared to physical stores. See This Article to learn more about Richard Liu.

 

Today, JD.com is one of the largest employers. It provides employment for over 167,000 people, and is one of the biggest publicly traded internet-based companies. Currently, JD.com delivers its products globally. In China, 57percent of the deliveries are done in 6 hours, and 90 percent in 10hours. Notable investments by JD.com include the 2017 $397 million investment in Farfetch, a luxury online retail platform, which operates over 700 boutiques and brands across the world.

 

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