Richard Liu Qiangdong’s empire, according to Forbes, was worth over an estimated $12 billion US dollars as of early 2018. Richard Liu is a self-styled and brilliant entrepreneur who is undoubtedly cleverer than most of his peers as well. Richard Liu graduated with a degree in sociology from the prestigious Renmin University of China in 1996. In addition, he has made himself a name in business circles thanks to his ability to incorporate talent into his educational pursuits, unlike most ordinary common folk.
Richard Liu received his EMBA from the China Europe International Business School and upon graduation, he was employed by Japan Life where he spent two years using the computer programming skills he cultivated at home through freelance coding work to fill the position of director for computers and director for business.
Richard Liu’s second degree was in business and it came a long way in engraving his name in modern folklore. Liu is without a doubt truly legendary. Afterward, however, Richard Liu Qiangdong started his own venture at a shop where he sold magneto-optical products in Beijing. It was called “Jingdong”. This name is a fusion of two names. The first part is the last character of his then girlfriend’s name and the second part the last character of his own name.
By 2003, Jingdong had expanded to 12 stores. However, that year’s SARS outbreak forced both staff and customers to remain house-bound threating the future of this new business. In the fallout though Richard Liu Qiangdong was forced to reconsider his brick-and-mortar business marking the beginning of JD.com. This being the year 2004. Go To This Page for additional information.
Richard Liu’s new idea was very successful. The WeChat owner Tencent obtained a 15 percent stake in JD.com for $215 million. Richard Liu went public in the US two months later in one of the biggest Nasdaq floats of the year 2014. The change from a chain of physical stores to an online one is the testimony to his business savvy, intuition, and flexibility. This space has probably not been as skillfully maneuvered up until now but with the success story of Richard Liu Qiangdong, the pace has been set.
More information can be found in his page on http://richardliuofficial.com/
JD.com is one of the biggest e-commerce markets you will ever find. JD.com tries to use the newest technology to advance their already profitable business. JD.com started out as a small store that quickly grew into a large merchandiser. They have started to branch out and provide products to other parts of the world as well. JD.com is still trying to grow.
JD.com recently struck a deal with a company in Japan called Rakuten. This company produces drones and robots that will help with deliveries. Having this type of technology to help with deliveries is going to allow for faster and easier deliveries. With JD.com growing as fast as they are, deliveries by drones and robots are going to help business run efficiently.
JD launched some of these delivery techniques. They have saw nothing but success from these types of delivery services. JD.com has high hopes to expand their business now that they have more efficient ways of delivering products. Rakuten is really helping to advance the development of JD.com They hope to help benefit people from all over the world. Since beginning to use drones and other new ways of delivering JD.com has used almost 500,000 minutes of air time deliveries.
JD.com and Rakuten is changing the way of e-commerce and delivery options. With all of the success that they have already seen, they are very excited to see what the future holds. They hope to keep branching out and be able to supply products for many other countries.
JD.com is not going to stop growing, they are going to continue to see success for a very long time. Rakuten has started something new for JD.com and there is no telling where this is going to take them. JD.com has an exciting future ahead of them and they cannot wait to see where it takes them. Refer to This Article to learn more.
JD.com, also known as Jingdong Mall is one of the most successful e-commerce brands and online shopping platforms in China. JD.com is also recognized as the largest retailing business in China. What sets Jingdong Mall apart from other businesses is that they always evolve with the times and they are never stagnant, even with the huge success that the company already has. JD.com never settles and always finds opportunities to better their platform and reach more people.
JD.com has recently partnered up with the British Fashion Council and they have a three-year partnership that will help on-schedule designers for London Fashion Week and London Fashion Week Men’s. JD.com is also London Fashion Week’s official and only Chinese retailer partner. The partnership of JD.com and the British Fashion Council wants to create a platform where designers, global brands and top names in the fashion industry can connect and make a beneficial relationship for both ends.
The partnership also wants to introduce British and international brands to the very volatile and complicated Chinese market – as well as increasing the visibility of Chinese brands to the international fashion scene through partnerships with the top names in the fashion industry. Find More Information Here.
In 2018, Jingdong Mall collaborated with three fashion designers from the British Fashion Council and the Vogue Designer Fashion Fund and they put up a big fashion show in Shanghai to introduce these designers to a wide audience of buyers, media and influencers. These designers were Le Kilt, Rejina Pyo and Huishan Zhang. Later in the year, JD.com also partnered up with these designers and supported them in their catwalk shows in London Fashion Week.
Jingdong Mall wants to bridge the gap between the Chinese Fashion Culture and the International Fashion Culture. They want to connect China into the world, even more than it is from today. JD.com’s Fashion and Lifestyle President, Victor Hu, wants to make fashion as an international language through this partnership with the British Fashion Council.
JD.com’s 300 million user count in China will benefit from this partnership – but more importantly, the designers, clients, brands and fashion businesses around the world can also tap into the wide user audience of JD.com.
Visit their channel on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA
The work of Richard Liu Qiangdong is well known in China, but he has only recently started to gain notoriety on the global stage. He is the man behind the development of JD.com, a very popular retail site in mainland China. The company is set to rival some of the Western retail sites that dominate the global market such as Walmart.com and Amazon.com.
Before Richard Liu felt as though he was confident to take on these big entities, JD.com was struggling against the retail market of the online community in 2005 when they began. 2005 was a difficult year for Jingdong Mall, the founding company behind JD.com, because of the significant SARS outbreak in that part of China. People were hesitant to come out and purchase things and Jingdong Mall was an electronics store. Is this was not a priority for people at the time. Go To This Page for more information.
Richard Liu shared in an interview with Weforum entitled “An Insight, An Idea”, about how growth in those early days became a strategy game. If they wanted to succeed, they needed to find a way to beat out their competitors.
One of the biggest things that Richard Liu Qiangdong discovered about his competitors is that they were offering counterfeit goods. A lot of times, these companies would look for ways to cut costs. One of the ways that they would do this is by selling goods that were substandard or completely counterfeit. Customers would get their items and they were not at all what they ordered. Richard Liu Qiangdong did not want JD.com to earn that type of reputation.
Today, JD.com can deliver packages in as little as an hour to customers in large cities. The items that they offer are authentic and of good quality. Customers have the option of perusing a variety of items in a variety of categories. JD.com expanded from their original business model of electronics. For the founder Richard Liu, he believes that JD.com is more than ready to move into the next step of the retail market. The current state of JD.com is very supportive of growth in these communities. Adaptation has been a major part of the company’s mantra since the very beginning.
One of the biggest online retailers in the world is JD.com. JD.com is one of the 500 biggest companies in the world with their headquarters being in Beijing. They have many promotions that they are introducing to their customers. This year, they are celebrating the holidays by selling merchandise that is related to the iconic character Hello Kitty. This character was created in Japan many years ago.
However, the cute cartoon cat has become loved around the world. The amount of Hello Kitty merchandise that has been created is astonishing. Now JD.com, otherwise known as Jingdong, will be releasing a special plush version of Hello Kitty. There will also be a plush version of Joy, the dog mascot of Jingdong. Both of them will be wearing special holiday clothing. These will be exclusive to JD.com customers.
There are more than 300 million people in China who shop on the site on a regular basis. The customer loyalty comes from the fact that JD has a massive selection at very reasonable prices. This is not the first time that the site has released a special promotion featuring famous characters that are known around the world. One year ago, Jingdong released special figures of each member of the Justice League. This promotion was at the same time as the release of the “Justice League” movie in theaters throughout China. The promotion was a huge success.
The website produced a beautiful and heartwarming holiday video featuring both Hello Kitty and Joy. The video uses computer animation and shows both characters decorating a Christmas tree before a very surprised little girl comes into the room. The video has been very well received on platforms like YouTube. It is a great way to get the word out about the promotion.
There have been rumors about future promotions that Jingdong is going to do with Hello Kitty. However, nothing has been confirmed as of yet. JD.com usually keeps all of their big promotions top secret until they are ready to launch. It looks like that will be the case for all future Hello Kitty promotions on the site. Read This Article for more information.
Jd.com, also known to many as Jingdong Mall is a Chinese national e-commerce and retail company, founded in 2004 by Richard Liu Qiangdong. Initially, it dealt with electronic and computer accessories, however, over time it has diversified to have a portfolio of products in its offline stores. It strong position in the economy has threatened many small and equal businesses who are also seeking ways of survival.
Tangning Books is a bookstore that has had to face stiff competition from Jingdong which also sells online books. This store is based in Guangzhou and is a well know book supplier. Nevertheless, the sales volume is diminishing with this new wake of information and technology while the state deteriorates thanks to Jingdong.
On the 15th of May, 2017, Jd.com and Tangning signed a treaty of working together. This pact will oversee book supply being done on a whole new level taking advantage of replenishing supply chain services at Jingdong. delay in supply will to utter done away with. Books sales in the same year increased by 30% while profits registered a 17 % increase. Tangning has been able to understand customer consumption behavior and book assortment become a reality.
Jingdong has made physical transportation of the books to the customer possible and done without much delay or wait. As a matter of fact, Tangning allows customer to scan the QR codes for the particular book they are looking for. Should it be missing at the stores, it is delivered in 24 hours thanks to the well advanced and reliable inventory management network at Jingdong. the company’s Founder, Ningxin Lu views this partnership as one that opens Tangning Book to other opportunities and prospect that they will be able to shield competition.
JD.com or Jingdong Mall is an e-commerce platform that had incorporated offline stores spread across the country to help in faster movement of goods from the seller to the recipient or customers at their place of convenience.
It was founded by Richard Liu Qiangdong after a series of other entrepreneurial ventures that closed down. Nonetheless, he is an internet celebrity with a booming business to his name, that is about to venture into other nations in Middle East. He is an alumnus of Renmin University in China. Click Here for more information.
JD.com, also known as Jingdong, is able to fulfill its promise to deliver 90 percent of all the orders it ships through same- or next-day service better today than ever. Jingdong have now partnered with HNA Group’s Tianjin Air Cargo in order to ship their products six times a week on round trip flights between Tianjin and Guangzhou. These flights are wholly dedicated to shipping packages for businesses and consumers.
Jingdong has a national logistics business that can get a package delivered to a business or consumer anywhere in China at amazingly fast speeds. The Tianjin Air Cargo airplane used by JD.com has the JD Logistics logo on its side and is a Boeing 737. As it is a plane that only transports packages it does not need to follow commercial airline schedules. They can speed the plane up when necessary due to this fact.
They will be monitoring how these flights go and could expand the routes to other airports in both Southern and Northern China. Head of Express Business Unit Hui Wang of JD Logistics stated that this dedicated airplane will grow his company’s logistics network even larger than it already was. He was certain that both business clients and individual consumers would enjoy their new expedited delivery speeds.
Hui Wang added that this partnership with Tianjin Air Cargo created a new industry milestone. Between Jingdong’s supply chain expertise and the amount of experience Tianjin Air Cargo has delivering freight they could outpace the delivery speed of all of their competitors. It would help cement JD.com as the largest Chinese retailer and help their firm’s development going forward.
The overall strategy that Jingdong is pursuing is what they call “Retail as a Service”. They want to be closer to the immediacy of buying goods in a retail store and so have worked hard to see to it that the large majority of their orders get to customers with next-day delivery max. It is because of the speed and convenience of ordering from JD.com that millions use their online platform each day. Most consumers order using their mobile app with 80 percent of their orders being placed this way. Go To This Page to learn more.
The Interview with Richard Liu Qiangdong
Richard Liu Qiangdong is the CEO of JD.com, and Liu recently did an interview with Weforum.org. This is a site that does interviews with entrepreneurs and innovators. In this interview, Liu spoke about how he rose to success and became on of the richest men in China.
How Liu Got His Start
Liu was raised by two hard-working parents who owned their own business. From his parents, Liu Qiangdong
was able to attain a good work ethic and an understanding of business. Liu went to college to study sociology, but he did not believe that he was going to have a good financial future in this field.
On the side, Liu studied computer programming. After graduating college, Liu embarked upon his first venture as a businessman. He invested his funds in a restaurant, but the restaurant was not successful. Liu did not let that stop him, he continued to try new business ideas until one worked out.
How JD.com Got Its Start
Liu Quiangdong decided to start a distributing business that met with much success. After a few years, Liu’s business was able to open 12 different stores throughout China. Unfortunately, there was a SARS outbreak in 2003 that threatened the livelihood of Liu’s business. In order to stop his stores from closing, Liu decided to start selling his products online. That idea was so successful that Liu was able to later expand to sell more items through his e-commerce shop. Read This Article for additional information.
Soon, Liu was able to close all of his stores, and sell all of the items online. That is how JD.com got its start. Liu had no idea that his idea to close down his stores would lead him to incredible success. Liu is now on his way to be one of the most successful businessmen in the world.
From the time Richard Liu Qiangdong ; founder and CEO of JD.com, started operating a small shop in the city that was selling electronics and other components to now when he is operating one of the largest e-commerce organization in China, he is fully aware that there a significant number of challenges that face the market. However, some of the challenges, such as SARS outbreak, could only affect brick and motor businesses while modern businesses have their own share of problems.
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. AACSB.edu considered Richard Liu Quiangdong as one of the Most Influential Leaders.
Richard Liu notes that one of the challenges facing the modern fashion industry is the growing number of people in the middle income bracket. In as much as the number of people with huge income is beneficial to the company, there are other problems that these people bring to the company. One of the challenges is that they are very demanding and enforce their rules and regulations. Fashion organizations are no longer in charge of the industry but the middle class individuals decide what to be sold. See This Page for more information.
The second challenge that is affecting the online companies, especially those selling fashion products is that there only a few number of individuals who have adopted online platform as their buying places. As companies invest heavily on the e-commerce platform, the number of those individuals buying goods through these platforms is not increasing. People in the villages don’t buy their products through the e-commerce platforms because of trust issues. Some of them don’t even know about the e-commerce retail outlets due to low technical knowledge.
Richard Liu Qiangdong notes that the other challenge is that brick and motor retail outlets remain to influential shopping areas for a large number of individuals in the country. There are many people who always want to buy their products in the traditional shops where they can see and touch the products they are buying. There is always a perceive notion that brick and motor retail outlets are trusted than online retail outlets.
Lastly, Richard Liu notes that a large number of people have significantly changed their consumption habits to the extent that they are demanding customized products. This is making it hard for organizations to keep in touch with the changing consumption habits.
Source article: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d