Richard Liu Qiangdong Talks JD.com

 

Last year, Richard Liu Qiangdong visited Dallas, Texas for an interview with Davos-Klosters. In the interview, Liu Qiangdong talked about starting his company and building it from the ground up. He also revealed some personal facts that helped shape JD.com into what it is today.

Visiting Dallas wasn’t just about giving an interviewing. Richard Liu Qiangdong loves meeting people from around the world and hearing what they have to say. No business can grow internationally if its leadership isn’t listening to global opinion. In Liu Qiangdong’s words, he values times when he gets to hear from new people.

People also like hearing from Richard Liu Qiangdong. Liu Qiangdong’s story of success is inspiring to many people around the world. He built one of China’s most successful online companies out of nothing. Every entrepreneurial venture he took before 1998 failed, including a restaurant that went completely belly up.

His family was poor throughout his childhood, and his first degree was in sociology. After moving to the big city, he wanted to go into politics but quickly learned none of the jobs offered much money. Sadly, his grandmother fell sick, and he needed money to help pay for her treatment. See This Page for additional information.

With no money coming in, he learned computer programming and started taking freelance coding jobs. Eventually, he started making good money and put himself through business school. With an EMBA, he took a job at Japan Life, a health product company. He worked there for two years, playing various roles in the company until he wanted to give entrepreneurship another shot.

In 1998, Liu opened a magneto-optical product store in Beijing. He named the little four-square-meter store Jingdong. By 2003, he operated 12 Jingdong stores in the region. Unfortunately, 2003 was the same year of the SARS outbreak, which made face-to-face contact hazardous.

In 2004, he moved his business online, and by 2005, Liu Qiangdong had closed all of his brick-and-mortar stores. The newly branded JD.com soon attracted international attention and became one of the biggest Nasdaq floats after the company went public.

 

See Also: https://www.thecasecentre.org/students/products/view?id=148717

JD.com is Making The Convenience Store Even More Convenient

 

Now that the holidays are over, many Americans are reviewing their shopping successes and failures during the holiday season. In China, JD.com is trying to find ways to make shopping easier for their customers. This has been done by making deals with Beijing Capital International Airport and East Mongolia’s Hohhot East Railway Station.

JD.com is well established in the online shopping market, but it is progressing with its technology to open small physical locations with high foot traffic. These locations in China has some of the highest foot traffic in the world, and JD.com is capturing sales in these locations without having a single employee at the store.

Operating a store that is only 100-square-meters in a high-rent area such as an airport or a rail station saves JD’s a significant amount of money on rent. Their software has also tracked their customers purchases for years to know exactly what to stock these small transportation-centered locations with in terms of stock. Click Here to learn more.

Purchasing is being taken to a brand new level at this point as well. Customers can be recognized using facial recognition software to complete their purchases. JD’s typically focuses on convenience items for travelers such as clothing, beauty products and electronics used for travel in these locations. The key in their marketing strategy is to provide the right product at the right time, to the right customer. Customers will even be able to use an ordering option that will deliver the product to their next destination.

People flow through the walkways of China’s airports and railways hustling to get from one location to another. Now it is possible for passengers to truly purchase products “on the go”, by having the store process their purchase transaction by the time the door to the product’s case is closed. This convenience is bound to spread as the convenience it provides meets the needs of both frequent as well as occasional travelers. China is likely to be just the beginning for potential locations as JD.com once again stays on top of modern shopping trends.

 

More about JD.com on https://www.amazon.com/JD-com-Story-commerce-Phenomenon/dp/1910649716

Richard Liu Qiangdong Talks About The Future Of JD.com At A Global Platform

 

Richard Liu Qiangdong is amongst the most popular business figures in China and the global e-commerce world. As the founder of JD.com, he has been able to transform the e-commerce space completely by bringing in innovative retail solutions for the customers. Richard Liu Qiangdong started his career by working as a seller of health products for a company named Japan Life. After he completed his EMBA from the China Europe International Business School and sociology from the famous Renmin University, he started a store selling magneto-optical products.

 

However, during the SARS outbreak in China, the company witnessed a massive loss. It made Richard Liu rethink his business strategy, and it is how he came to the conclusion that he should shift his business online. It is how JD.com came into existence. It has now become one of the largest retailers of consumer products online, and it continues to be the leading seller of electronic products. Get Additional Information Here.

 

The sales of the company have been soaring year after year, and Richard Liu Qiangdong has ensured that it continues to go up, even after tough competition from the leading retailers like Alibaba. Some other companies that have a stake in JD.com are Walmart and Tencent. Richard Liu aims to make JD.com the number one e-commerce company in China but does not want to limit themselves to just one country. They want to increase the efficiency of their delivery system and are working towards improving it continuously.

 

In a recent interview, Richard Liu Qiangdong talked about the basic idea behind JD.com. He believes that his company treats everyone equally and it is essential for the company to deliver products in the shortest period. In China, most of the customers receive their products within 6-20 hours. Globally, it takes around 10-15 days for them to deliver the products. The company does not stock any fake products and all the products they sell are checked for their quality. His aim for the next few years is to bring down the time for global delivery to less than seven days. For that, Liu has been conducting research and wants to grow using different strategies depending on the country they are targeting.

 

See also: https://www.prnewswire.com/news-releases/jdcom-green-planet-sustainable-week-300733604.html?tc=eml_cleartime

 

Richard Liu Qiangdong: Number One In China Today, Number One In The World Tomorrow

 

Jingdong Mall, or JD.com, is a cutting-edge company that seems to always have an answer to the next big thing in e-commerce. They have been at the top of their field since they were first introduced to the online world in 2003. This is partly because they provide such an honest service to their customers but primarily driven by the efforts of founder Richard Liu Qiangdong.

Richard Liu has been such an influential member of the Chinese economy that Weforum.org wanted to get his take on his success in the business world. It takes a lot to succeed and Richard Liu seems to have the recipe down pat these days.

Jingdong Mall was a business that Richard Liu Qiangdong started in 1998 to help his family survive. Already in debt from a failed business, Richard Liu did not have the luxury of feeling again. In his interview with  Weforum.com, titled: “An Insight, An Idea” Richard Liu to shared that some of the work that he does with JD.com is a direct result of the lessons he learned at this previous business.

Jingdong Mall was meant to be an electronic hub for people who had technology needs. The company was extremely successful as a physical entity, but Richard Liu wanted to move it online. SARS had been growing in the media and become quite scary.

In 2004, the company became primarily focused on e-commerce. Richard Liu Qiangdong tells the crowd that the landscape for e-commerce was very concerning. There were a lot of companies online that were offering shady services and products. He did not want JD.com to become a company that provided their customers with such abhorrent service. It became a priority for him to move the company in a positive manner.

Today, the company can deliver most packages within a 20-hour window with many individuals receiving their packages in less than three. They have developed their own network of drivers and transportation hubs. This is just one step towards a future global goal that Richard Liu touched on in the interview. He has been very vocal about the fact that he wants to grow JD.com even further. It may be one of China’s top websites today, but he talks about the world tomorrow. Find More Information Here.

 

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