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.
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.