Richard Qiangdong Liu The CEO And Chairperson JD.com Largest Retailer In China

Richard Liu is a prominent entrepreneur known by many words he is also known as Liu Qiangdong. He is a graduate of the Prestigious Renmin University of China where he left in 1996 to enroll in China Europe International Business Scholl to follow his degree in sociology with EMBA.

 

During his leisure time, Richard Liu Qiangdong spent most of his time on the computer enhancing his programming skills; he also got money from writing freelance coding work. Before graduation, Richard Liu had started a restaurant that didn’t work out very well as there was limited time to manage the business. A health product company employed him for Japan Life as he had tones of experience with the computers.

 

IN 1998, Richard Qiangdong Liu launched his own business selling Magneto-optical products based in Beijing. This business had a brand name Jingdong formulated from the last name of Richard Liu and that of his first girlfriend. The firm was a success; he even established 12 stores across the country selling the same products. Both customers and employees were forced to stay at home to avoid being infected with SARS. This condition did not limit Richard Liu Qiangdong to continue being inventive; he launched JD.com company that handled its sales online. The company started a small retail business selling only IT: Digital and mobile products.

 

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.

 

In six years JD.com had introduced over one million variety products in the logistic centers. Richard Qiangdong Liu is mainly concerned with the quality of the products and the services rendered to the clients. In 2014, Richard Qiangdong Liu agreed with WeChat company owner to own a 15% stake in JD.com worth $215 million and return to work tremendously increased the number of active users for JD.com. See This Page to learn more.

 

Currently, JD.com has more than 60 billion market worth and more than 47,000 employees. Richard Liu is determined to expand the reach of the company by forming joint ventures with other local investors and purchasing the best products from different continents. He also works very closely with the employees often holding meetings to come up with new marketing strategies. The meetings are held through email platform for the company.

 

More about Richard Liu Qiangdong on http://usa.chinadaily.com.cn/epaper/2017-03/09/content_28492448.htm

JD.com Attends its First CES

 

JD.com is the world’s largest retailer. It is at the forefront of the green movement, and it is already using recyclable boxes, drones, and other technology as part of its initiatives. It will be attending its first CES events in Las Vegas, Nevada in 2019. JD.com has already been a pioneer in retail and delivery methods. In its next step, JD.com will be unveiling new technical innovations it has recently developed.

In the recent company’s blog “JD Delivery Stations Get Smart ahead of CES Debut”, JD has talked about the launch of two smart delivery stations in Changsha and Hohhot. These stations are currently undergoing further research and development, and the idea is to have delivery vehicles bring packages to consumers without the need for a driver and without the need for environmentally damaging fuel driven transport. Refer to This Article to learn more.

The service robots will be able to travel up to 5 kilometers. They will navigate through traffic, and they will be able to deliver up to 2,000 packages a day. Customers will be able to access their packages using facial recognition software. JD.com will bring their innovations to CES, and it will show how it will change the way retail is conducted throughout the world. People at the convention can see first-hand how JD.com has revolutionized the industry. They will even be able to see the technology JD.com staff wears in order to lift heavy products that need to be delivered.

JD.com does more than deliver packages with its drones. It also sends much needed medical supplies to hard to reach areas in China. In yet another effort to be environmentally conscious, JD.com will show how it is building much of its logistics underground. This will create more room above ground for parks and shops. CES will see how JD.com has developed a fully functional automatic retail center. With so many products available to consumers, it is important to be able to access and deliver products quickly. JD.com often does this within one day to 99% of people in China.

It is all part of the JD’s Boundaryless Retail vision, in which anyone can have anything delivered at any time. JD.com is proud to share their technology with the world at the 2019 CES.

 

More about JD.com on https://finance.yahoo.com/quote/JD/

Richard Qiangdong Liu, The Chinese Billionaire

 

When you talk of online trading in china then the name Richard Liu Qiangdong cannot be omitted. Richard Liu is the founder and the chief executive officer of JD.com also known as the JingDong Mall. JD.com is the leading e-commerce platform in China and in the world at large. This company was founded in 2003. Liu’s entrepreneurship journey is an inspirational one as he started from the bottom and now he is one of the renowned businessmen in China. He is also a billionaire as per Forbes listing 2019 with net worth of $ 5.3 billion.

Richard Liu was born in 1973 in Suqian, China a province known as Jiangsu. He is a holder of bachelor’s degree in sociology which he got it from Renmin University, China. After completion of his undergraduate studies in 1996, he joined China Europe International School and pursued computer programming and later graduated with an EMBA. See This Article for more information.

Richard Liu started practicing his entrepreneurship skills while he was still a university student. He started by venturing into a restaurant business by investing his little cash which he earned from family loans and his side hustles. Unfortunately, his business collapsed after some months. After Richard Liu Qiangdong completed his studies, he worked with one of Japanese health product enterprise as a director of business and computers. After gaining some working experience, Rich launched his own company, Jing dong mall and served as a supplier of magneto optical products, in 1998.

His business was doing well and he had 12 stores countywide by 2003 when he faced a big challenge as a result of the SARS outbreak. This outbreak forced staff and clients to stay at home and at this juncture Richard Liu had to think outside the box. Since Liu was knowledgeable in the field of computer programming, Liu launched his online retail website in 2004 and this ensured his clients were able to access services and products while they are in their houses. It is in the same year when he launched the JD.Com which is now the leading online trading website in china. Today Richard Liu is the leading entrepreneur in China.

 

Related Article: https://www.scripps.org/physicians/18780-richard-liu?tab=overview

Richard Liu Qiangdong Talks About His Future Plans For The Growth Of His Company Jingdong

 

The world of e-commerce has been expanding at a rapid pace in the last few years, and one of the companies that have been contributing majorly to the transformation that has been taking place in the e-commerce space is JD. The company was started by Richard Liu Qiangdong in the year 2004, even though he started selling products through the physical stores much before that. He achieved a lot of success by selling products through the stores, but due to the situation of the country during the SARS outbreak, Richard was left with very little options to continue with his business strategy. He decided that it is time he took some major business decisions and switched from selling offline to shifting the entire business online.

Thus, JD.com was created, which went on to become a full-category online retail store and sold not only consumer electronics but also other consumer goods. The marketing strategy implemented by Richard at the time helped JD in pushing its rank in the e-commerce industry. Richard Liu Qiangdong studied sociology from the famous People’s University of China and then went on to study business from the reputed Chinese institute named China Europe School of Business. Go To This Page for more information.

Richard Liu Qiangdong always wanted to become a businessman and start a business venture of his own, and it is for this reason he always looked out for business opportunities. The first business venture he started was a restaurant, but it went on to be a failure. However, he didn’t give up and continued to exploit his business skills to unearth new opportunities in the financial world. Today, Liu Qiangdong is amongst the wealthiest Chinese on the planet worth over twelve billion dollars and counting.

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.

Richard Liu Qiangdong is of the opinion that JD has the potential to become number one and he is doing everything in his power to achieve that. But, to be successful, he is not only looking to beat the competition with innovation but also take care of the environment. He is introducing a new packaging system that would help the company save on packaging and also offer incentives to consumers for using such packaging.

 

Visit: http://usa.chinadaily.com.cn/epaper/2017-03/09/content_28492448.htm

 

Jingdong Changes Brick And Mortar Book Shopping

Physical bookstores have been facing issues with sales for many years due to a lot of competition, especially online. JD.com is trying to help these book and mortar store despite them technically being their competition. In China, many book retailers are experiencing a sort of revival thank to the efforts of Jingdong.

 

As the biggest retailer in China, JD.com sells a large number of books through their digital platforms. Jingdong is working with 49 different bookstores across China in order to drive business to their stores and get customers in their doors. They are helping them with logistics, technology, and book ordering so they can carry the books that their customers are looking for. They are doing this as part of their “Retail as a Service” (RaaS) strategy. This strategy also includes assistant for other types of shops such as cell phone stores and restaurants.

 

The technology that JD.com has developed for their own supply chain is what is being used to help modernize these businesses that are participating in their “Retail as a Service” (RaaS) strategy. One of the problems that Jingdong found these bookstores were running into is an overcomplicated supply chain. One of the stores had more than 60 suppliers that they had to use before joining the RAAS strategy. With the help of JD.com, this particular retailer was able to grow their sales by 30% within less than a year.

 

One of the other problems that brick and mortar retail bookstores were having is the inability to stock every title that customers wanted from their stores. Unlike JD.com, they just had no way to store all of these titles at their location but they were able to offer a solution. At one of these shops, their customers can simply scan a QR code that will allow them to have the book that they are looking for in their hands within 24 hours. By working together, these bookstores are able to provide an endless selection for their customers to choose from. Jingdong benefits from this arrangement as they keep part of the profits from each sale that is made in this manner.

 

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More about JD.com on https://cointelegraph.com/news/jdcom-opens-institute-for-building-smart-cities-with-blockchain-and-ai

Why JD.com is Interested in Blockchain Technology

 

China has made many advancements when it comes to online retail. JD.com is now the largest retailer in China, online and offline. Adopting the way American’s shop is a big deal, but they now use it for almost everything. Recently, JD.com, along with a few others made an announcement that they are setting up a new blockchain research lab.

The purpose for the lab is for these sites to use them for testing more applications using blockchain technology. This is important due to the increase in the use of cryptocurrency. Although it may not seem as though this is an important aspect of business for an online retailer, it could change dramatically if they intend to accept payments in cryptocurrency.

The main issue for online retailers is privacy and security. Technology continues to change the world we live in, and now it’s changing China. The leader of the lab will be Dr. Jian Pei, the President of JD.com. Working alongside him will be some of the finest experts in computers and technology.

The timing is right, as JD.com wanted to be the pioneer of using blockchain technology for online retailers. The goal is to invest as much as they can into the system, and from there they will be able to determine what the next steps are. The primary way that these leaders in technology work together is with partnerships.

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. Refer to This Article for related information.

Each individual is an expert in their own sector of technology. They each bring their unique skills and talents, and with that in mind, they are going to seek out the most innovative technology available today to make it work. It’s building the ecosystem that is the most challenging of all.

As of today, JD has more than 3 million customers. The role that blockchain technology plays in this game is going to give more peace of mind to those who prefer online shopping, and it will continue to evolve as more services are offered online in the future.

 

Learn More: https://finance.yahoo.com/quote/JD/