Richard Liu Qiangdong and Walmart

Richard Liu Qiangdong has shown that it is possible to use your time wisely and to make a return on your investments. Richard Liu Qiangdong has been able to take JD.com, a company that he started in 1998 to greater heights over the course of these two decades. Richard Liu Qiangdong and JD.com show that with proper investment and the right incentives as well as team members, one can grow quickly.

From what started as a simple retail business that was exclusively offline to what is now a billion dollar company, Richard Liu Qiangdong and JD.com have come quite a long ways.

Let’s take a look at their history and see how they have progressed.

JD.com Recent History

Richard Liu Qiangdong and JD.com saw some major events in the past few years. Over the course of the past few years, they’ve seen investments from powerhouses such as Walmart and JD.com has made investments in smaller startups and companies to bolster its brand and strength in the marketplace. JD.com and Richard Liu Qiangdong have also seen some other activity within the marketplace as well.

2016 and 2017

Walmart increased its stake in JD.com from 5.9% to 10.9%. in 2016. A year later, Walmart would increase its holdings in JD.com 1%. That year would also see JD.com and their investment in Farfetch, a luxury brand. Richard Liu Qiangdong and JD.com would benefit from a luxury marketplace provider such as Farfetch as they would have exposure to the luxury market in a very deep fashion. JD.com invested more $300 million into the company.

A few months later, JD.com would partner with Walmart on a shopping festival. Within that same year, JD.com would help to improve China’s infrastructure. JD.com would do so by investing in China and their parcel delivery system. JD.com invested $101 million to make the lives of merchants of JD.com easier. JD.com would allocate the money to help merchants with their storage and distribution expenses.

JD.com in 2018

The company saw an increase in sales for their Singles Day because of their investments. They set a record for this Singles Day event by netting $19.1 billion within that one day.

Learn More: ieeexplore.ieee.org/document/6305161/metrics#metrics

Richard Liu Qiangdong – The Man behind The Success Of Jingdong

 

The life and career journey of Richard Liu Qiangdong, founder and executive chairman of JD.com, is awe inspiring. He has gone through many ups and downs in his life and yet come out victorious, and is now amongst the wealthiest Chinese in the world with the net worth of more than twelve billion dollars.

Richard Liu Qiangdong founded JD.com in the year 2004 after his physical retail operations suffered massively due to the SARS outbreak in China. The employees were unable to come to work, and the footfall at his chain of stores also fell a lot, making it hard for the business to survive, leave alone thrive. The overhead expenses were eating up the savings of the company and thus, Richard Liu decided to switch to online operations completely.

Richard Liu Qiangdong’s first job was at Japan Life, a health and nutrition supplement company, where he worked as a computer specialist and programmer for a while and even became the director of computers after working for few months at the company. He eventually decided to take his career forward and left his comfortable job to start his entrepreneurial journey. Refer to This Article for additional information.

It is during this time he started a brick and mortar retail store that went on to be hugely successful among the people. The success of his first store propelled the business to start a chain of stores in the time to come. Later on, due to the series of event, Richard Liu was forced to close down the brick and mortar stores and start JD, which has now become one of the most familiar names in the e-commerce industry worldwide.

Even though Richard Liu has set a successful online retail empire, he is always looking for ways to expand it. It is currently competing with the best online stores around the globe. For him, being the second position in China is not sufficient. He now wants to overtake the top online store and create a global impact. He believes that the online competition is quite tough and they always have to be on their toes and fulfill the needs of their customers.

 

More about Richard Liu Qiangdong: https://variety.com/exec/richard-liu/

Jingdong CEO Richard Liu Qiangdong Shares On How He Plans To Take On Alibaba And Become Number One

 

In the world of e-commerce, there are very people who have achieved the kind of success that Richard Liu Qiangdong has achieved. Not only has he founded and taken JD to great heights of success, but Richard Liu Qiangdong has also contributed to transforming the e-commerce world comprehensively.

In a recent interview that he gave in Davos at the World Economic Forum, Richard Liu Qiangdong spoke on various topics starting from how he plans to expand his business worldwide to what he feels about the Chinese and the world economy. Richard Liu Qiangdong also spoke about a trivia as to how the name of his e-commerce portal was decided to be JD. He revealed that the name Jingdong is a combination of his and his then girlfriend’s name.

Richard Liu Qiangdong shared how it was difficult for him when he first started the company, but he kept on trying in spite of setbacks. Liu Qiangdong’s hard work paid off, and today Jingdong is one of the largest and the most profitable e-commerce company not just in China but in the World. After starting its operations in China, JD is going global and already ships products across many different parts of the world. Refer to This Article to learn more.

What sets them apart from other companies is their quick and efficient delivery system. Richard Liu believes that people today do not have time to wait and will order from companies that can deliver their product in the shortest time possible. Using advanced technology in its warehouses, Jingdong has highly efficient warehouses to minimize the amount of time required for the products to be dispatched and delivered to their customers.

Richard Liu Qiangdong plans to take on Walmart and Alibaba to reach the top position. According to him, anyone who is the top one in China will be the best in the world too. China is the largest market for retail products, and with the number of millennial population growing in the country, there is a greater need for Jingdong to improve their offerings to please their customers.

 

Visit https://jingdaily.com/tag/liu-qiangdong/ for more information about Qiangdong.

 

JD.com Takes its Role As Industry Leader Seriously

 

The e-commerce business continues to grow, and companies will need to find new ways to make sure that does not negatively affect the environment. JD.com or Jingdong Mall is leading the way in being environmentally friendly. It is making changes to every aspect of the logistics that it uses. From processing to delivery, there are a variety of ways the company has reduced waste and pollution.

Jingdong has an enormous infrastructure. It processes billions of transactions a year. It serves over 300 million people all across China, and it can deliver to 99% of the country. It is shifting towards e-receipts to lower the amount of paper that it uses. It has also changed the way it delivers packages. To cut down on the amount of boxes that it uses, it is now using biodegradable boxes. The green colored boxes or “Green Boxes” can be used up to ten times. They are free for customers to use. The delivery drivers can collect the boxes. They can also collect returns. Customers do not have to mail them back and use even more carbon.

Along with processing and packaging, Jingdong Mall has also changed the way it delivers. It is aiming to change all of its delivery vehicles. It will reduce the amount of carbon used by millions of tons per year. The use of drones from its fully automated plants means that those deliveries are already carbon neutral. One of the company’s biggest developments is the use of electric driverless vehicles. They are currently in two cities, but that will be expanded during the year. 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 the cities

JD.com is also working with some of the largest companies in the world to be more responsible. Jingdong has partnered with the United Nations Development Program to lower the amount of pollution. JD.com is already the largest e-commerce retailer in the world, and now it will be the leader in environmental issues.

 

See Related Link to learn more.

JD.com Looks To Revolutionize Global Commerce Through Smart Delivery Stations

China’s largest retailer launches two smart delivery stations in Changsha and Hohhot. The launch came days before attending the world’s largest consumer electronics show. The development has increased JD.com’s autonomous logistics capabilities significantly.

 

The stations in the cities are undertaking R&D, testing and personnel training to solve issues surrounding last mile delivery. 30 parcels can be loaded to the robots and they can deliver the parcels within a radius of 5 kilometers. Moreover, the vehicles can avoid obstacles, plan routes as well as recognize routes. The robots use facial recognition technology to identify users and enable them to collect the parcels easily and securely. The robots and couriers work hand-in-hand to achieve up to 2000 package deliveries a day.

 

JD.com inaugurated the smart stations days before attending the first Consumer Electronics Show in Las Vegas, Nevada. The show is the world’s largest event for innovation, creative thinking as well as latest technology.

 

JD is a pioneer in major e-commerce technologies. It showcased drones delivering packages to consumers. Visitors also had an opportunity to see how underground urban logistics makes shopping more convenient. They also showcased the first fully-automated fulfillment center in the world.

 

Apart from the delivery robots and drones, attendees experienced drone flights in virtual reality, as well as JD.com’s augmented reality fitting as well as styling software. They also learned how JD.com is developing Internet of Things technology to enable shoppers to control the smart robots from their cars or even from their homes.

 

The technologies JD comes up with are tailored towards its mission of enabling their customers to buy whatever they want, wherever and whenever they want it. The journey of JD to success in e-commerce commenced in 1998 when it was started by Richard Liu Qiangdong as an offline electronic retailer. The sars outbreak led to the closure of the offline business. Consequently, the entrepreneur started an online platform that would sell the products online. Over 13 years later, the platform has over 300 million active users and has over 1 billion products. Refer to This Article for related information.

 

The company has been named the third largest internet company in the world by revenue. Walmart, Tencent, and Google are among JD.com’s strategic partners who helping to shape the future of e-commerce.

 

See also: https://cointelegraph.com/news/jdcom-opens-institute-for-building-smart-cities-with-blockchain-and-ai

Richard Liu Qiangdong

Richard Liu Qiangdong is the CEO of JD.com. He was born in China in 1973. He is an internet entrepreneur and is the head of Jingdong Mall, which is one of the leading ecommerce websites in China.

 

JD.com has a net worth of $57.6 billion, and it is steadily growing, Richard Liu Qiangdong’s net value is about $11 billion..

 

Jingdong Mall is an international company, with big names such as Walmart holding shares in the company. It is one of the biggest names in ecommerce in China, and it continues to grow daily.

 

Liu Qiangdong changed the business model from exclusively technology to a broader variety of goods to suit the needs of the global economy.

 

One of his more recent investments is in Farfetch. In 2017, it was reported he invested $397 million in the company.

 

Richard Liu Qiangdong graduated with a degree in sociology from the Renmin University of China in 1996. As a student, he studied freelance coding, which later helped him in publishing his online business.

 

Richard Liu Qiangdong attended China Europe International Business School and received an Executive MBA. After graduating, he was hired by Japan Life, a health product company. He spent two years working in the company, including with computers and as a business director. Go Here for additional information.

 

Liu Qiangdong founded Jingdong in Beijing in 1998 after he branched out on his own. The company first sold magneto-optical products. It had expanded to 12 stores by 2003. JD.com was born in 2004 after his brick and mortar stores were forced to close down, and by 2005 he focused on the website as opposed to physical stores.

 

In 2014, WeChat bought shares and advertised Jingdong prominently. This increased revenue and launched Richard Liu Qiangdong to internet superstardom. Liu’s business is known as one of the examples of success in ecommerce.

 

Learn More: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d