The Path Of Richard Liu Qiangdong To Success in the World Of Retail Business

 

Richard Liu Qiangdong is a successful Chinese businessman with an estimated worth of $12 billion. He is the founder and CEO of one of the largest e-commerce companies in China, JD.COM. He navigated the world of retail business to build a big name in the industry. Richard Liu’s intuition, business savvy, and flexibility came in handy every step of the way. JD.COM now has more than one billion products and it boasts over 100 million active shoppers.

 

Richard Liu Qiangdong was born and raised up in Suqian, Jiangsu province of China. He hails from a family who values hard work. His coal-shipping parents encouraged him to work hard and excel in all endeavors. He graduated with an undergraduate degree in sociology from The Peoples’ University of China. Richard Liu recognized the importance of expanding his horizons and started teaching himself programming and other disciplines related to computer science.

 

Mr. Richard Liu graduated from university and Japan Life hired him. Qiangdong leveraged his extensive skills to work his way up to become the company’s Director of Computers. In 1998, the successful entrepreneur quit job to pursue his dream of owning a business. He started a magneto-optical products business in a rented retail space in Beijing, popular as China’s technology hub. At that age, Qiangdong streamlined the business by focusing on transforming ease of transaction, utilization of technology and customer service. His business offered authenticated and genuine products only. The business grew into twelve brick-and-mortar magneto-optical products within five years.

 

The business was doing exceptionally well until SARS outbreak made the entrepreneur to close down his brick-and-mortar stores. Pondering on the next move, an idea of venturing into e-commerce came along as a result of him being technology savvy. He started providing the magneto-optical products online. The new online business was renamed into 360Buy Jingdong.

 

In 2004, Richard Liu launched JD.COM, an e-commerce platform which offered digital electronics, IT equipment and mobile phones at first. With time, Liu Qiangdong earned the trust of vendors and partners and the products in the platform increased significantly. Today, the platform has over one billion products. Worth about $60 billion, JD.COM has become one of the largest e-commerce platforms with presence all over China and abroad.

 

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A Deeper Look At Jingdong

 

As an e-commerce company in the People’s Republic of China, JD.com has a lot to strive for. It is not easy to be a company in the competitive technology landscape that is present in China. As such, it is surprising that JD.com has made it thus far even if they were a tad bit later to the technology industry. Refer to This Article to learn more.

Let us take a look at JD and its prospects.

 

The Jingdong Century Breakdown

JD.com is present within two main segments. The first component of the company is that of the JD Mall, and the second key segment that is present for Jingdong is that of the expansion businesses.

 

JD is known to sell everything from electronics to other sorts of home goods and devices. The company will even sell items that are used for fashion, for autos and other segments of life. The company is now in the food business as well and will sell individuals their groceries as well.

 

Suffice it to say JD.com is everywhere. But the fact of the matter is that Jingdong or Jd.com wasn’t everywhere all of the time.

 

See, the company started out in 1997 in an offline manner, JD then progressed and diversified very slowly over time.

 

When we say it progressed very slowly, we mean very slowly. See, the company started out with the basics and focused on selling one item in its early years. It started offline and stayed offline for a couple of years. Then, due to a variety of factors and reasons, including the SARS epidemic, JD.com was pushed forward into the digital age.

 

The company has looked back since, it continues to not only stay in the present in a digital manner, the company continues to take lead and stay highly competitive in the quickly moving technology sector.

 

View source: https://jdcorporateblog.com/delivering-the-future-of-shopping-jd-com-at-ces-2019/

 

The Full Story Of Richard Liu Qiangdong

 

Richard Liu Qiangdong grew up like a lot of people but has extraordinary success in business. He is the current Chief Executive Officer (and founder) of JD.com: an e-commerce website that sells millions of products with lightning speed across China. Being born in the Jiangsu province closer to Shanghai, Richard Liu Qiangdong was born into a hard-working family of coal shippers.

His grandmother could not afford her medication, and this all presumably gave him some big reasons to work extra hard and become successful. So he left for college about ten hours away in the big city of Beijing and got his degree in Sociology while learning how to code on computers. Once he graduated he then applied and was accepted into the China Europe International Business School, where he got his Master’s Degree and moved onto his first job. See This Article for more information.

Richard Liu Qiangdong’s first job was at Japan Life: a natural supplement store. There, he learned the ropes of the business world and progressed his coding skills to become promoted within the company as the Director of Computers. But in 1998 he outgrew the company and left. Richard Liu followed his passion and dreams in the world of entrepreneurialism. Moving back to Beijing and remembering the massive opportunity that existed in this technological hub of China, Liu Qiangdong opened his first shop selling “magneto-optical” parts, which are similar to the components in a hard drive. .

And because of Liu Qiangdong’s innate understanding of the customers’ desire to have conflict-free transactions that were quick and friendly, he gained a reputation for himself amongst a sea of people selling knock-off products. Distancing himself as much as possible from that, he naturally rose to the top in the business world and sold multiple products in more than ten locations across Beijing.

Things were looking great for Richard Liu, but then when SARS hit he and his team were faced with a massive decision: close the shops and halt business completely until things cooled down, or try selling online so that none of his employees nor customers had to risk contracting the deadly virus. Having gone online was the best decision that his company ever made, and the proof of this was in his name change to “360buy Jingdong”. This new name reflected the ability of all buyers to buy anytime, from anywhere, and still get the quality service he provided at his physical locations. Carrying on this tradition even today, JD.com is now worth in excess of $30 billion dollars.

 

Visit his page on https://jdcorporateblog.com/about-liu-qiangdong/

 

How Richard Liu Qiangdong Dug Deep To Save Jingdong

 

There are many qualities that make great leaders. Showing courage and remaining optimistic while facing tragedy, more often than not, distinguishes great leaders from ordinary leaders.

Richard Liu Qiangdong, founder and CEO of China’s largest retailer, JD.com, is one of the bespoke executives in China and also all over the globe. Liu Qiangdong is exceptionally optimistic, futuristic, ambitious and highly driven. For Richard Liu Qiangdong, every day is day one; another opportunity to make a positive difference in society and also in the business world. Jingdong is the culmination of Richard Liu’s years of hard work and persistence.

As Richard Liu Qiangdong said in an interview at the World Economic Forum, JD.com is massively successful today because of the inceptive sweat capital he put into the company. As Richard Liu says, he may have started Jingdong if only to afford his grandmother’s medication, but as his venture snowballed and took shape, he recognized the potential of his then 12-store business. He started one store in 1998 in which he sold computer parts and magneto-optical products before growing his venture to 12 stores based in the city of Beijing.

Richard Liu was doing decent business, until a SARS outbreak would, in 2003, threaten to bring his empire down. Upon the outbreak of the lethargic virus, Liu Qiangdong was forced to close his 12 stores because it was impossible for employees and customers to interact without being at risk of catching the virus.

This was Liu’s watershed moment, and he was faced with the ugly possibility of having to wind up his business or think of something counter-intuitive. As many great leaders do in a time of crisis, Liu Qiangdong, summoned his managers to find a way around the challenge at hand. The meeting was largely productive, and the result was the birth of an idea that would make Richard Liu a billionaire in the future. The idea of taking the premise fully online and selling the items via the internet. View Related Info Here.

Richard Liu Qiangdong ran with the idea, and the by-product of the idea is a $ 57 billion e-commerce empire, JD.com. This has not only made Liu Qiangdong one of the richest persons in China with a net worth of $11 billion, but also an influential figure in China’s modern-day business.

 

Source: https://www.crunchbase.com/person/qiagdong-liu

 

 

JD.com Opens Largest Plant Factory

“JD.com”, also known as Jingdong Mall is China’s largest retailer and has collaborated with “Mitsubishi Chemical”, a Japanese chemical company, to unfold the largest “Plant Factory” in China. The factory is a part of the calculated alliance between the two famous companies to invent the most developed technology in agriculture.

The factory spreads around 11,040 square meters and integrated a hydroponic system which uses solar light and a seedling production environment with the help of artificial means of light. This technology is producing a number of vegetables that include spinach, coriander, green lettuce, and many other vegetables. The peerless quality and the fresh vegetables will provide Jingdong’s customers with safest, healthiest yet ecological friendly vegetables which will be available online as well as at JD’s supermarkets.

All the vegetables produced are under supervision from the time the seed is soiled to the end result, where they are ready to be delivered. It’s the best way to provide the consumers with the concept of safe food which is actually one of the main concerns of the people of China, whereas a number of factors have affected the soil problems that includes overuse of fertilizers and rapid population growth and much more that affects the safety of food in a traditional means of growth. Get More Information Here.

In the new installation center, the environment is controlled in order to get the standard production of vegetables. Different factors like temperature, humidity, and light are controlled by the management system that succeeds to achieve more nutritious food.

This installation has been able to achieve growth in overall yield production of vegetables as compared to the traditional means of growth. The resources used in a greenhouse are much less than as used in a traditional way. The factory is installed with a cold chain of delivery so that the products can be transported to the consumers the very day they are chopped, that provides consumers with freshness as well.

The President of Food businesses (JD) said that the “JD Plant Factory” has been able to deliver and guarantees that the fresh goods the company sells have been handled with care.

 

Source Link: https://www.wsj.com/articles/chinese-retailer-jd-com-turning-its-logistics-network-into-broader-delivery-service-1539833400

A Call To Sustainability Answered By Richard Liu Qiangdong

Richard Liu Qiangdong is undoubtedly one of the most successful businessmen in the game right now. Richard Liu Qiangdong is the type of of businessman that is the epitome of being a modern, progressive businessman – Richard Liu Qiangdong is a representation of excellency, consistency, tenacity, resilience, efficiency, adaptability, social relevance and public responsibility.

 

Richard Liu Qiangdong has displayed his level of excellency and resiliency in running a business and keeping it at the top of its game as much as possible – during the SARS crisis where the epidemic has directly hit his business, JD.com, he displayed intensive tenacity and has bounced back on another approach on business. The viral nature of SARS has discouraged human interaction to prevent the spread of the virus – which meant he needed to close down his brick and mortar stores to safe keep the health and welfare of both his employees and his clients. And then Liu used this opportunity to open an online platform to be able to sell his products – which became a huge success as we all know of now.

 

Richard Liu Qiangdong is not only one of the paramount businessmen in the industry right now – but Richard Liu QIandong has also proven that he is meek and humble by steadily and actively helping the community with the influence and position of power that he is in. He has recently responded to the environmental struggle that the world is facing right now – a problem with plastics. And JD.com under his leadership has directly responded to the society’s call and ultimately JD.com has undergone extreme transitions to be able to answer to this.

 

JD.com under Richard Liu Qiangdong’s direct command and order has ditched their plastic packaging and has transitioned into using reusable materials in their product’s packaging. This extreme shift in their business did take its toll financially but it has ultimately helped the company gain a better image and get more support from its consumers – it has also attracted those who are enthusiastic about the environment. Their quick response to calls like this is a direct manifestation of how good a leader Richard Liu is. Refer to This Article for more information.

 

Visit: https://www.sentaclinic.com/dr-richard-liu/

The Holistic Excellence Of Richard Liu Qiangdong

 

One of the biggest and best performing e-commerce and online shopping platforms in Beijing now is JD.com owned and ran by Richard Liu Qiangdong. The building of JD.com and Richard Liu Qiangdong’s story is one of the most notable stories in business and it is a history of perseverance, resilience, excellency and tenacity. It is a story that can be referenced in books of business because there are a lot of lessons and valuable knowledge that can be picked up in Richard Liu Qiangdong’s story.

 

Richard Liu Qiangdong is a hard worker and a strategist and he knew that he needed to study a lot of things and a lot of areas of knowledge to be successful in business – which is why when he was studying his tertiary on sociology and his executive master’s in business, he also studies programming on the side. Which ultimately gave him an edge in the future when he launches his online shopping platform.

 

Richard Liu Qiangdong started JD.com as a brick and mortar based store that sells magneto-optical products – and being a physical store they knew the hardships of having to rely on human traffic and human interaction to sell your products. When the SARS crisis hit Beijing, he had to cut off all of his physical stores and he knew that was the perfect time to sell his products through online means thus 360buy.com to which we know now as JD.com. Visit This Page for related information.

 

JD.com and Richard Liu Qiangdong is not only a very successful business but they are excellent members of their respective communities – they have recently open their doors to physical store based businesses, like bookstores, to join their online shopping platform in order for their products to have a wider reach. Richard Liu has also given them the chance to access their technology in order to improve the efficacy of their inventory tracking methods which ultimately help in the productivity and sales performance of the company.

 

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.

 

Richard Liu Qiangdong has also ventured into sustainability projects to be able to make the world a better place to live in. Richard Liu Qiangdong is the epitome of being a holistic businessman. Richard Liu Qiangdong: A business man, innovator, public servant and environmentalist.

 

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

JD.com Continues To Add Impressive Fashion Lines To Its Fashion And Lifestyle Division

In the world of men’s fashion, Gieves and Hawkes is truly what can be accurately described as a brand of distinction. The legendary British menswear brand is a member of the Trinity Group family of brands and the company recently released a huge announcement in regard to entering the Chinese market. Gieves and Hawkes is now going to open its own flagship store in the top retail outlet in China. Visit This Page for more information.

 

This is none other than world-renowned retailer JD.com, Gieves and Hawkes is undeniably one of the most iconic brands in men’s tailored fashion and the company has had some impressive customers over the years that include members of the British Royal Family. Now that Gieves and Hawkes has debuted on e-commerce leader JD.com, Chinese customers will be able to have access to some of the finest tailored menswear available in the world today. The fact that Gieves and Hawkes will be provided through the legendary JD.com delivery system is a huge plus.

 

Ruyi’s Trinity Group is one of the world’s top menswear conglomerates and is based out of the Chinese city of Hong Kong. JD.com has recently begun a lucrative business agreement with Ruyi Trinity Group that is proving to be mutually beneficial for both firms. Victor Hu is the head of JD.com’s Fashion and Lifestyle Division and he has expressed how happy the firm is to be able to work with a fashion line as renowned as Gieves and Hawkes. The Trinity family of brands is known for being the home to some of the top fashion lines in the world today.

 

Gieves and Hawkes is not the only Trinity brand that is now working with JD.com. Other brands that are operating their own stores with the e-commerce giant include Cerruti 1881, Kent and Curwen and D’URBAN among others. The 19th of October witnessed an outstanding brand day that was promoted through JD.com. With moves like this, JD.com continues to prove that it is one of the world’s best companies at marketing famous international brands.

 

More about JD.com on https://www.marketwatch.com/investing/stock/jd

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