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

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