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.