Richard Liu Qiangdong: Entrepreneur And Business Magnate

 

The advent of technology has brought with it immeasurable benefits. One of the greatest of such benefits is E-Commerce; a phenomenon that has revolutionized trade globally. One such person that has utilized technology is Richard Liu Qiangdong. Through his joint effort, Richard Liu has built a giant E-Commerce company, JD.com which has grown to become the largest E-commerce company in China. More about this astute entrepreneur is found in this article.

Background and Educational Achievements

It was Richard Liu’s upbringing and education that played a pivotal role in shaping him into who he is today. Form an early age, his parents, who were coal merchants instilled values in him that have made him the strong personality he is today. Richard Liu was born in Suqian town, Jiangsu province of China. Liu Qiangdong’s parents were the ones who made sure that he got a good education, one that would make him a respectable member of society.

 

Richard Liu Qiangdong earned his Bachelor’s Degree in Sociology at The People’s University of China. Although he appreciated his degree and his stint at the university, he saw it fit that he would have access to numerous opportunities by broadening his skills. In so doing, Liu Qiangdong wanted to increase his chance of landing an excellent job in the employment sector; not necessarily in his field of sociology. Therefore, he learned computer coding and excelled at it. Find More Information Here.

Employment and Entrepreneurial Journey

Richard Liu was able to secure a job at Japan Life; a leading provider of natural supplements in Asia. Subsequently, Richard Liu utilized his skills in computer coding as well as other interpersonal skills to rise to the position of the Director of computers. Such an achievement indicates that Liu Qiangdong was dedicated to not only improving his personal life but also the fortunes of Japan Life where he worked.

After that, Liu Qiangdong realized that there was an even more significant opportunity in the world of business. He left his job at Japan Life and started his own retail business of selling magneto-optical goods where efficient customer service and provision of high-quality goods were at the top of his priority list. His retail business later grew in size and birthed JD.com, an e-commerce company that is now valued at $12 billion.

Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

In summary, Richard Liu Qiangdong is a depiction of an individual who took risks and delved into the risky world of business and excelled at it. The success that he has accumulated over the years is a reflection of his dedication and hard work. Indeed, he is a personality who should be emulated by upcoming entrepreneurs.

 

More about Richard Liu Qiangdong: https://www.forbes.com/profile/richard-liu/#138384a22677

 

Information About JD.com As A Retail In China

 

JD.com or Jingdong Mall is one of the largest retailers that is based in China. There are many of the corporate social responsibility that has issued with regards to the role that is playing on the matters of the commitment as far as global sustainability is concerned. The retail has also made its move in the mission of giving back to the community.

The report as per the CSR shows the accomplishment that it had in the year 2013 on the issues of the innovation, sustainability and also the empowerment on the operations of the company. The report also entails the issues of the description of the company. Many things have made JD.com to be at the position that it occupies at the moment. For instance, the excellent leadership that has been set in place. Furthermore, the management of the company has insisted on the specialization among the staffs to make the process of its operation flow smoothly.

Some of the projects that are run by Jingdong Mall, which includes the “Green Stream Initiative” and “Recycling Program” has enabled the company to foster the mission of waste reduction in the environment.

JD.com has also invested in the field of technology in pushing for many programs within the company. The platform that has been created by the firm has made the organization be one of the self-inventory on the matters of the speedy supply and the donations. Some of the projects have also made the stakeholders and the many suppliers to believe in the processes and the transaction of the JD. Additionally, it has boosted the level of transparency within the company and increased the level of efficiency. Find More Information Here.

Most of the people and different organizations have supported the work and the efforts that have been set in position by the company. As the most significant retail in China, it has also approved the drone flight. This was one of the best technology to be integrated into the system with an effort of opening up commercial purposes in Asia.

JD has managed to achieve a lot in the field of business and environmental sustainability through the application of technology.

 

Watch their video on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA

 

Drones Take Flight in Indonesia Thanks To JD.Com

 

The government of Indonesia has approved drone delivery for the first time in the country’s history, thanks to a successful lobbying effort by Chinese retailer JD.com.

On January 8, JD.com’s drone took off from Jagabita Village in West Java carrying backpacks and text books to the MIS Nurul Falah Leles Elementary School. JD.com donated the school supplies to these students, part of their philanthropic commitment to education.

JD.com has been a big player in expanding Indonesia’s e-commerce. Since starting operations in 2016, JD.ID has serviced more than 20 million customers in 483 cities. This is an infrastructure and data network that JD.com has committed to assisting humanitarian endeavors.

Jon Liao, JD.com’s Chief Strategy Officer, extended his thanks to the Indonesia’s government to be part of the country’s history with this drone flight. Liao commented on his experience with drone delivery in China, the convenience it brings to customers, and the implementation of top-tier technology to further the service. Working with the World Economic Fund is and Indonesia’s government is sure to be part of JD.com’s future as they look to expand what the company can do for their e-commerce.

JD.com has long partnered with the World Economic Fund and has been a partner of their Centre for the Fourth Industrial Revolution. This part of JD.com’s work has been involved in forging partnerships to help frame policy, increase collaboration between stakeholders, and advance the science and technology that helps the business sector. Indonesia provides an opportunity for these parties to meet one of their top priorities, improving drone technology to deliver supplies to remote areas.

Head of Drones and Tomorrow’s Airspace at the World Economic Forum, Timothy Reuter sees the trial run in Indonesia is a bright sign for the country and the future of the technology tested there. By aligning itself with commercial trends in China, Indonesia could become a business leader for Southeast Asia by using drone delivery to expand medical and humanitarian missions where commercial good can now be accessed.

Though there are regulations left to hammer out before drone deliver is the norm, the formal announcement was made at the World Economic Forum at Davos this January. Members of the Ministry of Transportation, Civil Aviation and Air Navigation of Indonesia were present for the inaugural flight. Find More Information Here.

 

See also:  https://www.jdsports.co.uk/

 

JD.com Strengthens Its Autonomous Logistics Capabilities With Launch Of Smart Delivery Stations

A few days before one of the largest e-commerce platforms in China making a debut in the largest consumer electronics show in the world, JD.com launched two smart deliveries in Hohhot and Changsha. This move has strengthened the China’s largest retailer’s autonomous logistics capabilities.

 

JD.com is striving to solve problems associated with last mile delivery. Currently, it is undertaking R&D, testing as well as personnel training in the stations. The JD’s robots can deliver up to 30 parcels autonomously within a radius of 5 kilometers. The robots are designed to plan routes, avoid obstacles and even recognize security lights. The use of facial recognition enables the vehicle to authenticate the customer and allow them to collect the parcels. The stations have been enabled to run full capacity and both robots as well as couriers are responsible for achieving the target of 2,000 package deliveries a day.

 

The launch of the stations came at a time when JD was preparing to attend the first Consumer Electronics Show in Las Vegas, Nevada. The show is one of a kind in the world for innovation, latest technology as well as critical thinking.

 

JD.com planned to showcase the cutting edge technology that is transforming how items are being delivered in China. JD has been known for developing advanced technologies for e-commerce across the world. Attendees of the event also witnessed the first fully-automated fulfillment center as well as how underground urban logistics is transforming how shopping is done as well as how cities work. Find Additional Information Here.

 

Aside from the drones and robots, attendees at the event also enjoyed drone flights in virtual reality, and JD’s augmented reality fitting as well as styling software. Visitors of the event also got to know how JD is developing “Internet of Things” to the benefit of e-commerce world. JD.com also gave visitors a chance to experience how it feels wearing a special exoskeleton worn by staff when lifting heavy objects which typically makes lifting heavy objects easier.

 

JD is dedicated to its course of enabling people to shop whatever they want, wherever as well as whenever they want it. JD.com started back in 1998 as an offline store selling electronics. It later went e-commerce after sars outbreak and realized its potential to have over 1 billion products. The company has emerged the world’s third largest internet company with over 300 million active users.

 

More about JD.com on https://www.marketwatch.com/investing/stock/jd

About JD.com CEO’s Richard Liu Qiangdong

Richard Liu Qiangdong is an entrepreneur, Founder, CEO, and Chairman of JD.com, the largest e-commerce firm in China. He attended Renmin University in Beijing, China in where he studied sociology but mostly involved with computer programming and helping his parents in typical self-transport trade business.

 

Road to JD.Com

 

After graduating from university in 1996, Richard Liu started a small restaurant business, which failed and later into a period of trading health products that both never picked up. In 1998, Richard Liu Qiangdong began selling computer spares, which succeeded till 2003 with 12 shops where an epidemic struck threatening his business. He then held a meeting with his managers and came up with online trading. In 2004, Richard Liu focused on e-commerce and it’s where JD.com was born.

 

Richard Liu’s success in e-commerce, despite the competition, resulted as he rose with new rules in the market to sell products at a fair price, providing best services and of good quality. He began with only IT products and phones, which later accelerated up to over 1 billion different products to present. He has over one hundred and sixty-seven thousand employees who ensure the delivery of products in China and globally such as in Europe, Southeast Asia and America have guaranteed delivery.

 

Richard Liu’s vision for JD.com is to bring new products to the market, expand his retail company in China and globally by using logic strategies to the Middle East, Europe and America. Other than using 6 to 20 hours to deliver his products in China and about 10 to 15 days globally, he has a goal of minimizing the duration of delivery to all his customers worldwide. Liu’s core business values include E-commerce, logistics, and technology.

 

Other Involvements

 

Other than being an entrepreneur, Liu loves to associate with charitable organizations such as making donations to help those in need. He also likes swimming, fast walking and travelling in desert places as he has visited all deserts in China. Richard Liu got married with two children, the younger one with two years old. Read This Article for related information.

 

Visit Liu on https://www.jonesday.com/rliu/

Richard Liu Qiangdong And The Success Of JD.com After Being Forced To Switch To Online Retailing

Richard Liu Qiangdong talked about his company, JD.com at this year’s edition of the World Economic Forum Annual Meeting, bringing up the early beginning of his business, the current state of it, and future plans for expansion. Liu is the founder and Chief Executive Officer of one of China’s largest e-commerce platforms, JD.com, a business worth $60 billion. Liu’s success in the world of retail made him a billionaire, having a net worth of $11 billion according to Forbes.

 

Liu graduated from the Renmin University of China with a degree in sociology, and also earned an EMBA from the China Europe International Business School. Richard Liu Qiangdong opened his own store in 1998, due o the fact that his family’s business was not going well and they needed to pay for medical care for his grandmother, and he did not have the necessary money to set up a business abroad. His 4 square meter store sold computer accessories and proved to be a successful business. By 2003 he expanded his operations to 12 stores, but because of the SARS outbreak that forced his staff and customers to remain house-bound, he had to close all his stores by the end of 2004.

 

Out of necessity, Richard Liu started retailing online, and recognized that the logistics costs were lower and that e-commerce was trend for the future. Initially, the platform sold IT products and mobile phones, due to the limited amount of cash, but every year they kept adding new products. Nowadays, the company has 500 logistics centers and 167,000 employees, the platform’s most popular products being consumer goods, foods, and fashion-related items. Go To This Page to learn more.

 

Regarding the expansion of JD.com outside of China, Liu considers that it will take several steps, the first of which is bringing the best products to China, and then expanding to Southeast Asia, followed by the Middle East, Europe, and with American being the final goal. He brings up the fact that in the past it was thought that American companies have a difficult time breaking into the Chinese market, but he believes that nowadays the roles have reversed, and that it is more difficult for Chinese companies to break into the United States market.

 

See Also: https://www.crunchbase.com/person/richard-liu-e9b4

JD.com’s Effect To China’s Retail Industry

JD continues to diligently serve its over 300 million customers who seek both online and offline retailing services. One can’t fail to mention JD.com when talking about online retailers in China. The e-commerce companies also referred to as “Jingdong”, is the best stop for online shopping as customers order and get their products swiftly.

 

The online retailer recently introduced an eco-friendly packaging program, which allows customers to use reusable packaging during the delivery of the products ordered. Clients who purchase both small and medium-sized parcels can use the eco-friendly packages. JD.com is conscious about the environment and aims to minimize the costs.

 

Their recent step in the article “JD.com Launches New Reusable Package Initiative” is a big one. It signifies that the company has put their full force behind making the company a truly environmental company.

 

Use of the packaging by just 10% of the clients will lead to saving 32.5 million RMB. the best thing is that this is optional for JD.Com clients. Those who wish to use the packaging need to return the green box after every delivery. The environment-friendly packaging can be used about 10 times. There is a bonus for clients who choose the reusable packaging; one gets awarded with Jingdong loyalty points, that can be redeemed for JD.Com products. Visit This Page for related information.

 

The company has also partnered with SMEs, in a quest to improve active warehouse management systems. JD.com set up JD Cloud Warehouse Management Solution, a cloud-based supply chain management solution that helps businesses get more customers and orders. It is a remarkable solution as businesses are able to easily and effectively supply commodities and have prompt and successful operations. Jingdong blockchain tracing program has made it easy for clients to trace the origin and development of the goods and food they order.

 

JD’s commitment to its customers is one of the reasons it remains at the top in the e-commerce industry in China. The company is planning on launching an advanced research center in Xiongan with the aim of focusing on futuristic automation technology for urban logistics. Jingdong is a force to reckon with and its contribution to China’s economy can’t be ignored.

 

Watch them on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA