Richard Liu Qiangdong And The Secret To Online Retail Success

 

Richard Liu Qiangdong is the owner and CEO of JD.com, the largest online retail company in China. The company serves customers all over the country and has access to customers throughout the country. They deliver even to the most remote places in China.

The successful CEO started out in business at an early age. He worked in his father´s transport business before going on to college. While at college he started a restaurant business that collapsed he went on to start a retail company that had physical shops. Richard Liu was motivated by the fact that he needed to help pay for his mother medical and disinterested in the civil service. Liu had 12 stores that sold computer accessories.

The SARS (Severe Acute Respiratory Syndrome) hit China store owners were greatly affected. The disease is spread through droplets that get into the air when an infected person, sneezes, talks, or coughs and it has no known cure. One of his store managers suggested selling online and that was how JD.com was born. The company’s name is a combination of both his and his wife’s name and he considers family and the relationships formed within as Richard Liu’s greatest achievement.

The online market at the time was filled with retailers that should fake products and inflated prices. Richard Liu Qiangdong sees the fact that he chose to run an honest business as one of the major reasons he made a success of JD.com. They created a new face for online retail. Get Additional Information Here.

JD.com, Richard Liu Qiangdong said during the interview, has a market value but it did not start out that way. The company started with only one item then kept adding until they had everything which took 6 years. The company delivers all over the world and Richard Liu Qiangdong hopes to make it a global retailer.

 

About Richard Liu Qiangdong

Richard Liu Qiangdong is the owner of one of the largest online retail companies in China. He is married with two children. He attended Renmin University of China where he got his sociology degree. He enjoys traveling through the desert and swimming.

 

See related article: https://www.forbes.com/profile/richard-liu/#77b17bbf2677

 

Jingdong Introduces Re-Usable Packages To Promote Sustainable Consumption

 

JD.com, also known as Jingdong Mall has invented re-usable packages that it will use to parcel its customer’s goods. According to the giant e-commerce store, the new packaging program will reinforce its environmental conservation efforts. Also, the green pack will cut down the e-commerce store’s cost of packaging.

Speaking after the announcement, JD.com’s head of planning and development alleged that Jingdong Mall was continuously searching for innovative ways to reduce e-commerce waste. The executive added that their green pack would let them rest assured that their services discharge trivial carbon discharges.

In line with a report issued by JD.com, the new reusable packs will cut down the cost of packaging by RMB 32.5 million per year, if just 10% of their customers’ consent to use the packs. The green packs can be re-used ten times before they wear out.

How does the program work? Jingdong Mall says that it will allow its clients to decide whether they need to use the green box. Willing customers will return the green box to the delivery personnel upon receiving and unpacking their order.

JD.com will reward compliant customers with its Jingdou loyalty points that can be exchanged for free products. The free environmentally friendly pack can parcel all small and medium-size goods like jewelry, cosmetics, and mobile phones. However, it cannot be used to pack fresh food. Visit This Page for additional information.

Already, JD.com has implemented the re-usable packaging program in China’s major business hubs like Shenzhen, Beijing, Shanghai, and Guangzhou. The chief-commerce store says that by the end of 2018, the environmentally friendly program will be serving over 20 cities in Asia.

The green pack is not Jingdong’s first environmental conservation program. In 2017, the store initiated the Green Stream Initiative, a conservancy program that advocated for the use of sustainable packing materials.

In particular, the Green Stream Initiative advocates for the use of recyclable and reusable materials in the world’s e-commerce industry.

The initiative aims to reduce the unfriendly environmental boxes used in the supply chain by 10 billion. Also, the initiative aims to cut down the use of plastic packs by 50% and increase the use of recyclable packs by 80%, by the end of 2020.

 

More about the company on https://corporate.jd.com/home

Richard Liu Leads The Expansion Project Of JD.Com

For a while now, Richard Liu, the Chief Executive Officer of JD.Com as well as the founder of the company has been spearheading the company’s expansion project. Richard has set his heart on dominating the Southeast region of Asia and from there taking over the globe. Jingdong Mall also known as JD.Com is one of the globe’s leading e-commerce platforms which has its base in Beijing, China. Other than expanding to other countries, the company is also set on getting into industries that are yet to embrace the use of e-commerce like the fruit businesses. Visit This Page for more information.

 

JD .Com’s Global Fruit Strategic Alliance

 

This is a project through which Richard intends not only to expand the horizons of the company but to also help boost the development of the fruit industry through embracing e-commerce. JD.Com has come up with contracts outlining the terms of the deal under this project. More than 18 companies like Zespri and Wonderful Citrus have already signed the deal and allowed their products to be sold on JD.Com’s e-commerce platform. The recent signee of this deal is the San Miguel Corporation which is also a dominating citrus company in the Southeast.

 

JD .Com and Central Group form a partnership

 

The Central Group is one of the leading retail companies in Thailand. Together with this industry giant, JD.Com has recently launched their latest platform that goes by the name JD Central. JD CENTRAL is an e-commerce platform that sells a wide variety of products. These products include processed foods and beverages, cosmetics, fashion products and toiletries, kitchen and home appliances, as well as other digital product produced in China and beyond. The company was first launched in June for a trial process that was extremely successful leading to the official launch. The platform is available on all devices with internet especially Chinese made mobile phones.

 

The Central Group is just one of the many companies that JD.Com also known as Jingdonghas partnered with in an attempt at expansion. Another company is Tiki from Indonesia with which the company also launched another platform. There is also B2C of Vietnam among several other companies. The company is reported to have more than 300 million users of its platforms.

 

Related article https://cn.nytimes.com/technology/20180619/google-china-jd-com/