A Man As A Legend: Richard Liu Qiangdong

 

Richard Liu Qiangdong reached a 7-billion-dollar-net worth as if he was destined to. He started with just a small business to his name, and it’s now the largest of its kind in China. Jingdong is growing and its leaders are leading it into a global market. Liu Qiangdong is now equipped with the resources to further JD’s growth.

In an article with Seeking Alpha entitled “JD.com: Will Richard Liu Deliver In 2019?”, it indicated that the positive vibes manifested by the management during the 3Q 2018 earnings conference call bodes well for a brighter 2019.

Where Jingdong stands today sets a new standard.

Richard Liu Qiangdong has turned his focus to the U.S. consumer. His hopes for the U.S. market stem from a belief that he holds—deep within himself. He sees Jingdong as now equipped to serve the planet. What Liu achieved in China hasn’t been done in any other part of the world. His work is redefining e-commerce and how products are delivered worldwide.

What Made Richard’s Jingdong Possible

The behemoth brand, which Richard Liu built as his-online retailer, grew only after he had held onto his own originality. He never took from successful brands or had to put a twist on what they were doing. The growth of Jingdong, from just 12-physical stores, is a clear display of Richard’s genius. Here are a few factors that raised Liu’s work above and beyond.

Online Retail

The difference between physical stores and those found online is a difference in inventory and overhead. The cost of operating online became little for Jingdong. With digital, there are less employees to keep and more consumers to find. The people who buy online are also likely to buy more; these, they don’t have to leave their beds when making a purchase.

Delivery

Managing his own deliveries helped Richard Liu Qiangdong to avoid the use of contracts and multiple locations. A central warehouse, which automated orders as they came in, was pivotal in getting packages out on time and to their final destinations. Ownership then enabled Richard Liu to perfect how deliveries were made, for his agency oversaw the entire process.

Promotions

Rewards were eventually given to Richard’s most loyal customers, and doing so encouraged his buyers to spend even more.

 

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JD.Com Continues Its Mission Of Sustainability With WWF

 

As Earth Hour nears again this year, the World Wildlife Fund (WWF) is announcing its partners in the business community to spread a message about sustainability and energy consumption worldwide. JD.Com is working with them again, and they’ve announced a few initiatives they hope will have a positive impact on the environment.

As the largest retailer in China, JD.com has access to a logistics network that serves more than 300,000 million customers. Those data points allowed them to identify businesses and universities willing to participate in a clothes recycling drive. Customers can bring unwanted items there to be redistributed to the needy.

A similar charity drive was conducted last year and collected 200,000 clothing items from 47 cities in China.

JD is also getting help from other businesses. Baby formula brands Mead Johnson Nutrition and Wyeth Nutrition is working with JD.com to recycle cans of their formula to make school supplies for children in need.

In being such a large retailer, JD.com is also concerned about their impact on the environment. The Green Stream Initiative, a project that pushes sustainability, is changing the kinds of packing materials they use for shipping. This opens options on select purchases to customers in Beijing, Shanghai, and Guangzhou to receive reusable packaging.

WWF China’s Chief Operating Officer, Lunyan Lu, said in a recent statement that JD is an special partner in the push for sustainability. With such a vast logistics network, they have access to data that’s necessary to talk about sustainability in China. Lu went on to say that since they’re the largest retailer in the country, any move they make towards a more sustainable business model is likely to influence partners and competitors in the country.

Head of International Affairs for JD.Com, Christine Wong, said that a sustainable model if the goal for the company. Earth Hour is another chance to meet with partners that’ll help Chinese businesses adapt for the environmental challenges of tomorrow. Click Here to visit their channel on YouTube.

WWF started Earth Hour since 2007. Starting in Australia, businesses and private individuals turned off their lights to send a message about energy consumption. Now it’s a global event that takes place in 187 countries and territories.

 

Find more information on http://jdcorporateblog.com/

 

JD.com Looks To Provide Unmanned Deliveries in Japan

JD.com and another company known as Rakuten Inc. have recently completed an agreement to improve its delivery process. The two companies will use drones to complete deliveries to consumers in Japan. Under the terms of the agreement, JD.com will use both of its drones and Rakuten’s drone delivery service operations in Japan to more efficiently complete these types of deliveries. Rakuten will use its shopping apps in Japan to help with the drone delivery process. Both of the two companies will work together to use the unmanned delivery services along with a series of applications.

In 2016, Rakuten launched its drone delivery service which has given the company experience in providing delivery services. The company has used its drone delivery services to assist both corporations and local governments. Two years later in 2018, Rakuten completed the world’s first delivery trial using both drones and robots to complete deliveries. This has greatly improved the logistics of commerce in Japan. Members of Rakuten’s management have expressed their satisfaction with collaborating with JD.com to make unmanned deliveries. This will provide a lot of convenience for all consumers in both China and Japan according to what the executives of both companies have said.

JD.com have developed its drone program one year before Rakuten in 2015. It launched the world’s first every commercial drone deliveries in rural China a year later in 2016. As of today, JD.com and Jingdong operate drones in the provinces of Jiangsu and Shaanxi. Since 2015, the drones of JD.com and Jingdong have logged more than 400,000 minutes of flight time in China. This past January, JD.com announced that it succeeded in completing an approved drone test flight in Indonesia. This will likely set the tone for more commercial drone deliveries in Indonesia and Southeast Asia. Along with drones in rural areas, JD.com and Jingdong are using delivery robots in urban areas.

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 of Changsha and Hohhot, strengthening the e-commerce giant’s autonomous logistics capabilities.

The development of these drones and delivery robots will have a significant impact on commerce in the near future. These technological resources will prove to provide more convenient delivery options for consumers. They will also allow JD and Rakuten to more efficiently carry out deliveries at any time during the year. With the development of drones and robots, both companies will be in position to remain more competitive in the retail sector. Click Here to learn more.

 

Visit: https://www.jd.ru/

Richard Liu Qiangdong: An Exquisite Story Of Success

 

Every success is backed with a Hardwork, trials and challenges. Success is sweeter when the road going there is rougher and more challenging – and one excellent success story is the story of Richard Liu Qiangdong.

Richard Liu Qiangdong is currently the owner and Chief Executive Officer of JD.com. JD.com is one of China’s biggest e-commerce platforms, and is the direct competitor of Alibaba.com which is owned by Jack Ma. The erection and establishment of JD.com is probably one of the most interesting stories in businesses.

Richard Liu Qiangdong was not born with a silver spoon, but Liu was born with tenacity, resilience, adaptability and was born as a natural genius. Richard Liu Qiangdong studied Sociology in his college years and received an Executive Master’s in Business Administration – and during all these years he was spending his down time in teaching himself basic programming – not knowing that he will be using this in the near future when he builds JD.com.

After college, he went into building a business that involved selling magneto-optic products in physical brick and mortar stores around Beijing. Richard Liu had a stable flow of business, managing around 12 physical stores. But then, everything changed when the SARS epidemic hit China, which meant that Richard Liu had to shut down his physical operations in order to keep everyone safe from the disease. But this also meant that business was stopped, and Richard Liu was at the brink of bankruptcy, and the epidemic has left him without a source of income. But this is the time where his resiliency will be put to the test – he gathers his managers and dependable team members, and they resulted into venturing into e-commerce and online shopping to continue their operations during the epidemic, and this resulted to what we know now as JD.com. Get More Information Here.

JD.com is now one of the best performing online shops and they are off to even greater heights. Richard Liu Qiangdong makes sure that JD.com stays relevant to the changing times and makes efforts towards sustainability and environmental sensitivity, and he also makes sure that he is of active help to his community.

 

See also: https://www.forbes.com/profile/richard-liu/#138384a22677

 

 

 

Richard Liu Qiangdong Insight On Business Ideas

 

Richard Liu started his company from scratch in 1998; he did not have enough resources by then to finance his business. Richard Liu Established Jingdong company which was a combination of his name and his first girlfriend name. He decided to start the company as his family was having a financial crisis they could not afford money to pay for the bills for his aunt this he needed money. At that time, it was challenging to go abroad to study; hence Richard Liu had to start his own business to earn money. The company distributed magneto-optical products serving a wide range of customers in Beijing. A few years later, Richard Liu has established twelve stores across the country selling computer parts.

Richard Liu Qiangdong has a degree in Sociology and EMBA. While at the university Richard Liu had started a restaurant that did not do well at that time as he was unable to manage the business and class work. Richard Liu decided to spend his leisure time working through freelance coding. Liu was able to enhance the programming skills that earned him a job at Japan Healthcare Center. Richard Liu Qiangdong served as a director for the computers, the business and logistics for two years. Later he started Jingdong company.

In 2003, there was an outbreak of SARS, Richard Liu did not want his employees to be hit hence he gave them water and other supplies to use at home. By the end of 2004, one of the managers who is currently a billionaire advised Richard Liu to venture into e-commerce to reach the customers at their homes. They launched JD.com which is the largest Retailer in China today. The company has a net worth of more than US$60 billion and more than 167,000 employees. The number of employees changes each day increasing the number with more than 30,000 employees per year.

JD.com delivers ordered goods in London, US, Europe, China among other areas. They have adopted modern technology to ensure products reach the client on time. For those in Beijing and China goods are delivered within three hours and in other areas approximately 20 hours. Get More Information Here.

Due to his hard work throughout the years, Mr. Qiangdong has managed to accrue a few important accolades over the years. One of these incredibly amazing awards was the “2017 Variety500 Honoree” in the variety honors. JD.com is currently well over $44 billion in worth which is looking to continue growing upwards with time.

 

See also: https://www.forbes.com/profile/richard-liu/#138384a22677

J.D. Com And The Drone Delivery System

 

In the current world, many people, as well as companies, have turned their focus to online marketing. This is because it is a faster way of selling and buying of products. People can buy and sell different products such as electronics, cars, cosmetics, food groceries, cosmetics, clothes, shoes, and many other products.

 

Another advantage is that many online marketing platforms offer delivery services to their customers, therefore, customers can buy goods at the comfort of their homes and relax as they wait for the goods to be delivered at their door post. Online marketing has made many businesses to thrive and because of this, the e-commerce business has become very popular across the world.

 

When speaking of online marketing companies, it is hard not to mention J.D. Com or popularly known as Jingdong. JD is a popular e-commerce company which has managed to scale to greater heights and has been branded as the largest online retail company in the world. The company was founded about 20 years ago by Liu Qiangdong and has its headquarters located in Beijing in China.

 

The company was fast started as a small online retail company and soon started to become popular in China. Jingdong started selling electronics such as; mobile phones, computers and many more. At this time, the company was rising and started forming partnerships with other companies such as Tencent which provided the company with a brand that promoted J.D. Com’s online marketing. Get More Information Here.

 

The wonderful strategies that the online retail company such as ensuring customer satisfaction enabled it to become popular not only in China but also the rest of the world. JD.com is a company that greatly values technology and innovation. Because of this, the company incorporated technology and innovation in offering delivery services to the customers.

 

JD incorporated drones, robots and autonomous technology to do the delivery. The services were fast and proved to be very effective. This is made J.D.Com to be branded to have the largest drone delivery system and infrastructure in the world. the company has been successful in constructing drone delivery airports which will make the delivery services even better.

 

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 of Changsha and Hohhot, strengthening the e-commerce giant’s autonomous logistics capabilities.

 

See also: https://www.amazon.com/JD-com-Story-commerce-Phenomenon/dp/1910649716

Richard Liu Qiangdong: Rebuilding JD.com

 

Every company faces tremendous odds at some point in its history. What is a CEO to do when a natural disaster destroys his or her facilities or public behavior changes the way people interact? The simple answer is that the above-suggested CEO adapts and overcomes the challenges.

In reality, overcoming nationwide trouble isn’t as easy as coming up with brilliant marketing or reinventing the company. Sometimes, owners must completely abandon their original idea and build something entirely from scratch. That’s what Richard Liu Qiangdong did after the 2003 SARS outbreak that ravaged China’s people and its economy.

Richard Liu Qiangdong is Founder and CEO of JD.com, one of China’s most successful online companies. JD.com began as a little brick-and-mortar store in Beijing. At the time, Liu Qiangdong never thought his small store would become a $50 billion company. He imagined a successful but humble life for himself and his family.

Growing up, Liu Qiangdong’s family was poor; they owned their own business, but the business was small and didn’t have many clients. His parents owned a shipping company that only transported coal in one direction: north to south. When he moved to the city, Liu Qiangdong wanted to pursue a career in politics; he even earned a sociology degree from Renmin University.

Soon after earning his degree, he found out that political professionals don’t make much money in China. Instead, he learned computer programming and worked as a freelance coder. Using that money, he put himself through business school, earning an EMBA and landing an excellent job at Japan Life. He held many positions at Japan Life but still wanted to pursue a career as an entrepreneur. He tried to open a restaurant while in school, but it went belly up due to lack of dedication. Refer to This Article to learn more.

In 1998, he opened Jingdong, a little store in Beijing. Jingdong sold magneto-optical products. By 2003, Liu Qiangdong opened 12 Jingdong stores, which were all closed after the 2003 SARS outbreak. So, Richard Liu Qiangdong moved his company online, and JD.com was born.

 

More about Richard Liu Qiangdong on https://www.wealthx.com/dossier/qiangdong-liu/

New Investment Of Jingdong

 

Jingdong opened new showrooms filled with new innovative items at Beijing Capital International Airport as well as Hohhot Railway station located in Inner Mongolia. The investment is working on extending China’s biggest retailer’s “Boundaryless Retail Strategy” that enables customers to get access to whatever they want at any time of the day.

The stores contain JD.com’s new retail technology to facilitate and make it fun for the travelers to make purchases under one roof. Jingdong is working closely with numerous enterprises, like supermarkets, partnering with major hotels, and joining hands with both airports and railway stations.

The new venture exists at the departure lounge of Terminal 3 at BCIA and is operating successfully for the past over three months. The new store has at the customer’s exposure essential travel items, such as clothing, mobile accessories, dairy requirements, beauty products, and bags and suitcases. At JD.com, we determine the customers need by the use of JD’s smart store technology that shows how the customers interact with our items and on which products to make much investment.

Also, we have JD Zu Chongzhi application to manage the flow of the customers inside the store to minimize confusion and make the operation smooth. We use heat maps to assist the customers on products selection and inventory monitoring to ensure customers’ satisfaction. Click Here for more information.

Beijing Capital International Airport management and family are grateful to be the primary hosts of JD’s newly opened store. The travelers will have the privilege to experience the feeling of the future shopping within the beauty of BCIA. At the Hohhot East Railway Station, JD.com and China Railway Express are working hand in hand to bring up a 100-square-meter unoccupied convenience store. Also, CRE brings another innovation where the customers can make their payment through facial recognition and smart vending machine. The vending machine can process the payment of products upon selection and closing the door of the device.

JD.com is working on a new operating system referred as Mini Program WeChat where customers can make purchases online and have the products delivered at their convenient places. This feature will encourage the customers to make more purchases due to efficiency.

 

More about JD.com on https://www.digitalcommerce360.com/2018/08/29/jd-turns-to-google-walmart-to-build-global-e-commerce-empire/