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/

Richard Liu Qiangdong And His Innovative Measures To Protect The Revenue Of His Business

 

Richard Liu Qiangdong is one of the online investors who has been renowned for his efforts to improve the services that he offers to his customers through the incorporation of innovative strategies in his work. He is the owner and the founder of the JingDong, currently known as JD.Com is the largest online retail store in China.

Richard Liu Qiangdong established this organization in the year 1998, which was immediately after finishing his undergraduate education. He had graduated with a bachelor’s degree in sociology, but like any other young individual in the country, it was quite difficult for him to snatch employment and so he decided to engage in business.

An interview called “An Insight, An Idea” with webforum.org sat down with Richard Liu to discuss his career and how he has transformed the retail industry.

A restaurant was the first enterprise that Richard Liu Qiangdong established in 1996. This never went as he had planned and he was forced to shut it down due to its poor performance. He later got employed I one of the political firms in the city of Beijing, but he felt that there were some dreams in his life that he could never actualize if he remained employed. He quit the job and began the JingDong Company. This name was derived from that of Richard Liu Qiangdong and his girlfriend. This firm performed very well, and he even decided that he would establish some branch store in various parts of China.

However, the glory of this enterprise started diminishing in 2003 when there was an outbreak of SARS. At that moment, the Chinese government ordered that there would be no movement in and out of town until the epidemic was over. This affected Richard Liu Qiangdong’s business negatively, and his revenue reduced drastically. This challenged him to design some way in which he would protect himself and his company from such losses in case such curfews are ordered again by the government. See Related Link for additional information.

The solution that came to Richard Liu Qiangdong’s head was the transformation of the business so that it would become an online store. This would enable the customers to access the products and services from their homes using the internet connection. This was the best decision that Richard made for the company since JD.Com has never suffered from such occurrences again.

 

See also: https://finance.yahoo.com/news/richard-liu-high-flying-ceo-100429011.html?_fsig=uIMv3xJkNFuLMYw_z6Ocsg–