Richard Liu Qiangdong: A Very Humble Beginning

 

Richard Liu Qiangdong is one of Beijing’s biggest businessmen, entrepreneurs, and also one of their most popular philanthropists. Richard Liu Qiangdong owns JD.com which is valued at an estimated amount of $12 billion – making Richard Liu Qiangdong one of the giants in the business of e-commerce. Richard Liu Qiangdong is a self-made business success founded on tenacity, perseverance, hard work and resiliency.

Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

JD.com now has over hundreds of millions of active subscribers that depend on JD.com for their shopping needs. JD.com also makes sure that they are updated with the latest technologies and they also innovate their own technology. Moreover, JD.com is known for their environmental efforts, their sustainability initiatives and having the JD Giving Program which is focused on over 600 charity programs helping millions of people around the world.

Like any other business, JD.com and Richard Liu Qiangdong had very humble beginnings. Richard Liu Qiangdong came from a very small town in Jiangsu, China – and his early life was very traditional and typical for the Chinese family in the region. Richard Liu Qiangdong’s family was business inclined, and so Richard Liu Qiangdong had the business blood running through his veins. Interestingly, Richard Liu Qiangdong did not take a business program initially when he attended the People’s University of China.

After Richard Liu Qiangdong finished his college degree, he then went on to study again and gaining his Executive Master’s in Business Administration in an international school. Whilst all of this was happening, Richard Liu Qiangdong has taken it upon himself to self-learn programming, computer coding and other subjects concerning computer science – because Richard Liu Qiangdong knows that in the future, technology and date will run the world. Read This Article for related information.

Before venturing into the business world after college, Richard Liu Qiangdong affiliated himself with Japan Life and secured his first job there. In Japan Life, Richard Liu Qiangdong will excel in the company until he ends up being Japan Life’s Director of Computers, and he has his self-learning initiatives to thank for his computer skills. After acquiring related knowledge and experience in Japan life, he left the company in order to start his own business – which we will ultimately know as JD.com.

 

Visit: https://www.crunchbase.com/person/qiangdong-liu

Founder Of JD.com, Richard Liu

 

JD.com was invented by Richard Liu, and it is currently among the most popular online retail businesses in China, alongside the famous Alibaba. So far, Richard Liu has been in the retail industry for close to two decades and he has therefore gained a lot of expertise over the years. He has also shown signs of consistency in his business as well as business-related ideas.

 

Richard Liu Qiangdong studied at the Renmin University in China where he was pursuing Sociology. While on campus, he showed a lot of interest in coding and programming during his free time. However, he graduated in 1996 after which he got employed by a Japanese company, where he got the role of being in charge of all the computers of the business which was a company dealing with health matters. Liu Qiangdong felt quite comfortable with his role as he got the chance to exercise his specialty in coding works too. Last year, Richard Liu’s wealth was estimated by Forbes Magazine at $10 billion.

 

Later on, Richard Liu Qiangdong quit his office job as he wanted to join in on the entrepreneurship wave, and he opened a shop that dealt with magneto-optic products. He named his shop after his then-girlfriend as well as himself hence the name Jingdong.

 

Within a few years of operation, the shop had grown and even opened twelve more outlets. The business was also doing tremendously well until 2004 which saw its downfall. That year, there was a disease outbreak which made people stay indoors at their homes for fear of contracting the disease. See This Article to learn more.

 

The shop staff also had to wait at home as they too were scared, and no customers were coming to the shops. Jingdong made so many losses at the time, which gave Richard Liu his wake up call as he came up with the idea of having his shop operate online since he could access his customers easily without having them to come at the shop physically. JD.com was then created and has been in business since 2004, competing with other large online retailers.

 

Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

 

While being interviewed by the We Forum, Richard Liu Qiangdong pointed out that there are high hopes of the stabilization of the Chinese economy since the dependence on white-collar employment has reduced tenfold, and entrepreneurship has become the usual norm.

 

When asked to advise how to keep his business successful even beyond borders, he highlights that one needs reliable partners from outside the home country so that the exposure of the company can be grown. Richard also points out that he never has and he will never have any political ambitions as he is comfortable with his entrepreneurial venture, from which he will only retire after he is 65 years.

 

View source: https://jingdaily.com/tag/liu-qiangdong/

JD.COM Unveils The First Drone Delivery Approved By The Government in Indonesia

 

JD.com, otherwise known as Jingdong Mall has announced another technological breakthrough in Indonesia. It has completed Indonesia’s first drone flight approved by the government for delivery services in Southeast Asia. This marks the beginning of e-commerce revolution in Southern Asia region and Indonesia with commercial drone use subject to possible forthcoming regulatory approvals. Representatives from the Civil Aviation, Ministry of Transportation and Air Navigation of Indonesia were present to witness the flight. The news were announced in the World Economic Forum Annual Meeting.

 

The test flight was conducted on January 8, 2019 in West Java. The flight involved the drone flying from Jagabita Village, through Parung Panjang to MIS Nurul Falah Leles Elementary School. The drone delivered books and backpacks to students in the elementary school. The items delivered were part of the items Jingdong donated to the school. Jingdong Mall has demonstrated its commitment to social responsibility and philanthropy for a long time. Sometimes, it leverages on its diverse technology as well as nationwide logistics to support victims of natural disasters such as earthquakes.

 

JD.com partnered with JV to bring high quality e-commerce to Indonesia. JV is an e-commerce company that launched e-commerce operations in 2016 and grown to serve over 20 million customers across the nation. It leverages an extensive logistic network which includes 10 warehouses in seven islands, cutting across 483 cities as well as 6500 counties. The implementation of regular use of drones for deliveries in Indonesia will help both JD.com and JD.ID to provide efficient as well as reliable services to the citizens. JD.ID has also committed to support humanitarian efforts in the wake of major disasters such as earthquakes.

 

According to JD’s Chief Strategy Officer, Jon Liao, they felt privileged to contribute to the historical moment in Indonesia. The company recognizes the impact of drone deliveries because it has implemented the delivery system in China. Technology can have a big positive impact on people’s lives and JD.com expressed its commitment to work with the Indonesia government as well as WEF closely to harness the power of the technology. Find Related Information Here.

 

JD.com is WEF’s strategic partner as well as WEF’s Centre for the Fourth Industrial Revolution’s partner. WEF and JD have combined efforts to make sure drones succeeds in taking e-commerce to the next level in Indonesia.

 

Visit Jingdong’s page on https://www.joybuy.com/

 

The Success Story Of Richard Liu

 

If we talk about Richard Liu Qiangdong, so he is one most well-known person. Whenever we talk about commerce platform, how can forget Richard Liu? He is the Chief Executive & CEO of JD.com. He is having a platform of almost $57.6 million. Isn’t it incredible?

Liu Qiangdong has won great fame by making two Chinese E-commerce giants. JD.com is at its peak nowadays and is performing its services as the largest retailer in China. We-chat has also agreed to promote this site prominently. He was the one who ignored his failure and tried again. It’s quite often when we try again and again so god don’t regret our spirits and he is one of the most apparent examples of it.

Well, we should move on the latest interview of Richard Liu Qiangdong. Probably he was looking very pleased, and he gave his interview in a very promising way. In his interview, he was looking very delighted. He talked about JD.com there, and he said that he started this company in 2004 and there has been no looking back since then.

It will be very exciting for you to hear that (JD.com) was named after the first girlfriend of Richard Liu. He said that I just combined my first girlfriend & my name altogether and kept the name JD. He answered the questions quite honestly by remembering his failures. His first endeavor was the restaurant business. He told that there was no management in his previous business, that’s why it failed. See This Page for additional information.

After that, he discussed his 2nd business which was a computer accessories store. He had 12 stores, but regarding some issues, it collapsed once again. Richard Liu said I closed my physical stores and started selling my products online in 2004. He said “I realized the e-commerce is the future of trading”.

 

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

JD.com Is A Cutting-Edge Company From China That Has Won Awards

A respected company like JD.com believes in sustainability and using the most state-of-the-art technology to lessen the human footprint on the earth. JD.com is known as one of the top e-commerce firms in mainland China. JD.com works very hard to be a company that upholds things like sustainability.

 

Recently, JD.com won an award in 2018 relating to “SEAL Business Sustainability” for being a great example of a firm that believes in sustainability. JD.com was among some powerful companies who also won the same award like Nike, Apple, Impossible Foods, Seventh Generation Patagonia and Samsung. The head of corporate social responsibility, Libo Ma and his fellow employees at JD.com were happy to receive the award. Leaders like Libo Ma are a crucial reason why JD.com was recognized for sustainability.

 

Jingdong Mall has a CSR team that helps to create a work environment that is focused on making key programs that push sustainable development. JD.com is sure to make every step of the sustainability process count. From producing their items to packaging their products, then selling and delivering their items, JD.com makes it count. Making sure that each step counts according to JD.com’s plan truly matters. JD.com mission to have a good impact on both the environment and China’s society was a very positive, sustainable and enduring one. And the SEAL Award proved it. Find Related Information Here.

 

Matt Harney had some positive things to say about JD.com’s impressive work concerning their ability to recycle items as well as other sustainability initiatives. JD.com also got a very high score as it concerns a direct impact on the environment. Matt Harney is one of the critical judges on that panel was responsible for giving JD.com their SEAL Award. Besides their focus on the environment and sustainability, Jingdong has taken a new approach to areas of medicine as well with blockchain technology.

 

Bitcoin (BTC) and altcoins like Litecoin (LTC and Ethereum (ETH) are related to the blockchain, but JD.com has made the most of it recently with their use of blockchain technology to create the JD Medicine Open Tracing Solution. Blockchain technology provides transparency regarding medical-focused supply chains and pharmaceuticals in native China. JD.com is based in China. And the JD Blockchain Open Platform will address the supply chain issues in China that exist. The authenticity of medicines is one of the issues that JD.com is looking to solve.

 

More on: https://www.gizmochina.com/2018/06/22/googles-550-million-investment-in-jingdong-could-see-its-hardware-products-selling-on-jd-com/

 

JD.com Is Taking Critical Steps To Ensure The Safety Of Medicines In China

 

Customers of China’s retail leader JD.com or Jingdong Mall, recently got another dose of good news as it has been announced that it is unveiling what it calls its “JD Medicine Open Tracing Solution”.

This innovative solution is based on blockchain technology and is being implemented by Jingdong in an effort to give customers a greater amount of transparency in terms of the way the pharmaceutical products are supplied in China.

This new effort was announced during the Big Data Summit that JD.com held in Beijing during 2018. The authentic nature of medicines that consumers are being supplied with has been a major concern for the Chinese consumer base and this new solution is an effort to solve this issue.

The new solution is going to handle the tracing of medications, ranging from production all the way to the transport and storage of the medications. This solution will track these products all the way up to the point of the actual sale of the drug.

The motivation that is driving Jingdong to introduce the Medicine Open Tracing Solution comes from the fact that there have been several incidents in terms of safety that have been linked to medicines that have come into China. Expired vaccines have been one of these issues. The new solution is JD.com’s answer to making sure that these issues do not continue to persist. Go To This Page for additional information.

Jingdong has always maintained a strong record in regard to its supply chain. The company is known for the efficiency of its logistical and supply chain networks. The creation of this new solution comes in with the intent to ensure that Jingdong continues to be able to maintain its outstanding record in this regard. These moves are a part of a larger effort on the part of the retailing giant to continue to improve its already impressive system of supply and logistics.

 

Source: https://www.gizmochina.com/2018/06/22/googles-550-million-investment-in-jingdong-could-see-its-hardware-products-selling-on-jd-com/

 

Richard Liu Qiangdong Has Lofty Goals For JD.com

 

Since Richard Liu Qiangdong started from the bottom of the business food chain, he knew there were things that would make it easier for him to try and help people. He also knew there were a lot of other issues companies had that he would have to overcome. He didn’t want JD.com to be the same as any of the other businesses.

Instead, he wanted people to understand why he pushed to make things better. It was his goal to always let people know why he did things while also coming up with positive opportunities they could use while they were shopping. Richard Liu Qiangdong is so much more than an owner of a store.

Liu created a movement for people and continues pushing to make sure that the movement is the best option for all his customers. He can do more than what other companies can and that’s what allows him to show them the company will succeed.

Richard Liu Qiangdong rose to success with JD.com. Now, the company is the second biggest retail store in the world. It’s only behind the other retail giant Alibaba and not by much. Richard Liu Qiangdong knows he can run the company the right way and push to make sure people get what they’re looking for. By doing this, he’ll make JD.com the best instead of just the second best. It’s his aspiration to make sure the company is the best in the world.

Not only does Richard Liu Qiangdong run the company so he can help people but he also does it so they have a chance to shop for everything they’re looking for in one places. After attracting retail giants like Wal-Mart and Google, Richard Liu knew he made all the right choices.

He has a lot of investors behind the company and that helps him with the connections he needs. He doesn’t worry anymore about where he’s going to get the money to keep running the company from. Instead, he focuses on how he can make even more money to increase his worth and the value of the company. See Related Link for more information.

 

More about Richard Liu Qiangdong on https://www.scripps.org/physicians/18780-richard-liu?tab=overview

JD.com Is Allowing Traditional Book Stores To Experience A Renaissance In Sales

 

With the rise of e-commerce, one of the traditional physical location, brick-and-mortar style business models that have taken a significant hit has been the bookstore industry. Across the entirety of the world, bookstores have seen major declines in all areas of sales due to the fact that online bookstores have become so prevalent and convenient for customers to use.

Traditional bookstores have really struggled to keep up and it has led to mass closings of many locations that still exist in a physical location. This would seem to be an impossible situation for the bookstore industry, but a number of booksellers in China are seeing a huge resurgence in their successes due to partnering with China’s leading e-commerce retailer, JD.com.

JD.com has sold books in its own business model for a number of years but now the retailing powerhouse is working hard to offer solutions to traditional book retailers. Forty-nine book retailers all together have joined forces with JD.com in order to gain access to the retailing power player’s extensive resources in terms of logistics and procurement of books to name just a few.

This August, JD.com announced their new “JD Blockchain Platform”. Enterprise-sized customers can use this platform to build and host their own blockchain apps in a way that is more convenient, transparent, and secure. This technology allows its users to make their operational procedures more efficient and gives their customers more visibility into them. One specific way this is being used it to trace food from where it was grown to throughout the supply chain.

The technology was previously available only to JD.com for use in its business model is now available to these brick-and-mortar retailers and it is making a huge difference for these companies to be able to take advantage of such an advanced supply chain that is the proprietary territory of JD.com.

This entire move to supply aid to these traditional bookstores is all a part of a larger initiative that JD.com has been promoting heavily as of recent. The goal is to offer the extensive resources that JD.com has to a number of countless small and medium range businesses that can benefit from accessing the kind of technology that only JD.com has available to it. This has been making huge differences for the bookseller industry and many more industries as well. See This Page for additional information.

 

Related Article: https://www.chinamoneynetwork.com/2018/10/18/jd-com-opens-up-its-logistics-network-to-users

 

 

 

The Beginning Of JD.com And Expansion Plans According To Richard Liu Qiangdong

Richard Liu Qiangdong attended 2018’s edition of the World Economic Forum Annual Meeting, where he talked about his 20-year journey in the world of retail. Liu is the founder and the Chief Executive Officer of JD.com, one of the largest e-commerce platforms in China, currently worth $60 billion. Liu graduated from Renmin University of China, earning a degree in sociology, and later attended the China Europe International School Business. Prior to opening his own store he owned a restaurant, but it was his venture into retail in 1998 that saw him achieve great heights of success.

 

Liu Quiangdong opened a small 4 square meters store selling computer accessories in 1998. Due to the success of his business he was able in quick fashion to open a total of 12 stores by 2003. However, due to the SARS outbreak in China, both his customers and his staff for forced to remain house-bound, which put his business in jeopardy. By the end of 2004, Richard Liu closed all 12 of his stores and out of necessity, afterwards Richard Liu Qiangdong decided to focus on online retail, which marked the launch of JD.com. Due to a limited budget, the platform initially only sold IT products, but every year new products and categories were added.

 

Nowadays, the company has 167,000 employees and 500 logistics centers. JD.com is able to deliver 57% of their orders within 6 hours and 97% within 10 hours. It takes as little as 3 hours to get a product delivered in Beijing, and 10 to 15 days to deliver to Washington. The platform’s most popular products are consumer goods, fashion, and foods. Read This Article to learn more.

 

When talking about his goals to expand JD.com, Liu Qiangdong notes that expansion will take several steps, the first of which is bringing the best products to China, and then expand to Southeast Asia, the Middle East, Europe, and ultimately America. He also points out that despite the fact that in the past the rhetoric was that American companies have a hard time breaking into the Chinese market, he believes that the roles have reversed and that nowadays it is more difficult for a Chinese company to break into the United States market.

 

More about Richard Liu Qiangdong on https://www.aacsb.edu/about/advocacy-and-awareness/member-challenges/influential-leaders/recipients/richard-qiangdong-liu