Richard Liu Qiangdong: A Renowned Entrepreneur With High Regard To His Family

 

Richard Liu Qiangdong is a famous businessman and entrepreneur who is among the richest individuals in China with a net worth of about $11 billion. He is the owner of the largest e-commerce platform in China known as JD.com. He was recently featured in an interview where he revealed his journey to success in e-commerce business.

Liu’s journey in business started around 1998. He had started a catering business which didn’t long before it closed down. Richard Liu was amidst financial difficulties. He wanted to go abroad to study but he couldn’t because of financial challenges. His grandmother was also sick and they could not afford medical care. Amidst the difficulties, he started a computer accessory shop which grew rapidly to make him open 12 shops. The shops were closed after the SARS outbreak in China. Find Additional Information Here.

Contemplating on what to do next, Richard Liu Qiangdong and his team decided to sell products online. At the time, the e-commerce sector was not doing well because of increase in counterfeit goods. He came in to change the game by conducting a thorough authentication and issuance of proper invoices. His business picked up quickly offering digital electronics, IT equipment and mobile phones. He continued to work on the platform and expanding lines of products.

JD.com was founded in 2004 officially although the journey started back in 1998. It is a go-to shopping platform in China which has over 1 billion products. It is now worth of around $57. Richard Liu plans to bring the best products from around the world to China through the platform. He also looks to make JD.com, a company he named after his name and that of his wife, the largest e-commerce platform in the world. He is determined to achieve his goals without being distracted by competitors. Richard Liu considers himself his own competitor and he is always striving to be a better husband, father, son and brother. He values his family than anything else.

Richard Liu has always been a hard-work just like his childhood friends. The classmates he grew up with have all made it in life because he thinks they were all hard-working. He is the CEO of the company and its board can’t form a quorum in his absence.

Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.

 

Source article: http://richardliuofficial.com/

 

Richard Liu Qiangdong Business Insights

 

Richard Liu is a prominent tycoon in China and across the world. Despite his humble beginning Richard Liu Qiangdong has been able to create his wealth earning billions. He is the CEO and the one that launched JD.com platform. Before JD.com the company was known as Jingdong which distributed various Magneto-optical products. It had 12 stores with thousands of employees to serve all clients at the individual level.

Richard Liu had previously served at Japan Life company as the director for both logistics and computer. He earned skills to run Jingdong company. In 2003, Jingdong company experienced downfall due to SARS outbreak. Most employees and customers stayed at their homes in fear of being infected. Richard Liu took this disadvantage optimistically and hence he founded JD.com. Click Here to learn more.

Richard Liu was able to serve customers at their homes. Through the website, customers make an order of the goods they require, and within a short time frame, the goods are delivered. There are drones and robots to offer these products to ensure that the product reaches the customer on time and conveniently. All products at Jd.com are of high-quality hence the customers have gained confidence in the company.

JD.com supplies goods across the world in the US, London, Asia, Europe among other areas. In the future, Richard Liu has set aside technology, logistics, money, and resources to form joint ventures with other entrepreneurs across the globe. He has a goal to make JD.com the leading E-commerce business all over the world. he has also partnered with prominent companies including WeChat company.

During the Interview, Richard Liu stated that the people you tend to associate with could determine your legacy. Richard Liu associates himself with billionaire and entrepreneurs who are creative and innovative to formulate new ideas for the company. He also stated that his wealth is a resource of the society hence the need to work hard and give back to the community. He spends sometime in the desert to clear his mind and formulate new policies. Richard Liu is always devoted to his family set aside time with them as they are his greatest achievement.

 

See also: https://www.jdpay.com/liu-qiangdong-jd-ceo-about

 

JD.com’s Involvement In The Release Of A Drone In Indonesia

   

JD.com is a retail firm located in China. JD.com is the largest e-commerce business in China. JD.com has lead technological advancements in China. JD.com deals with a variety of products in China. It has also partnered up with several organizations introducing new equipment for them. Jing Dong encourages companies to adopt the new technology method. JD.com has launched plenty of business setups all over China.

It currently is to launch a new drone in Indonesia. The drone is going to be of much help in South East Asia. It will enable the delivery of products in remote areas and the many islands of Indonesia. This will open a way to the growth of Indonesia regarding Technology.JD.com announced the launch of the drone through a meeting held annually. The opening will host some of the Indonesian firms to witness its flight. Find More Information Here.

The flight took place this year on January 9th. The flight was to carry books and backpacks to a school in the area. The goods were a donation from Jingdong. The company has been involved in charitable acts over the years. Jingdong has helped in natural disasters and also non-government organizations. It uses technology to provide help.

The introduction of e-commerce in Indonesia was initiated by a partnership between JD and JD.ID. The two companies have made Indonesia grow at a steady rate regarding retail. Indonesia currently has numerous businesses all over the county started by JD.com. Citizens of Indonesia are now receiving quality services from their firms.

The Chief Strategy Officer at JD.com is glad to be expanding it technology advancements to other countries. The drone delivery started in China where it would deliver products to consumers in rural areas. It has now expanded to Indonesia, and the expansion is continuing to other countries. Jingdong has closely worked with WEF and the Indonesian Government to make the plan a reality. Jingdong is exploring the full ability of Indonesia in terms of technology. The partnering up will enable other modes of technology to be implemented in the country. JD.com has helped numerous organizations and countries all over the globe and is continuing with its great work.

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.marketwatch.com/investing/stock/jd

 

Richard Liu Qiangdong: JD.com Born In SARS Aftermath

Not many entrepreneurs can successfully bounce back from a national health crisis. When most cities fall ill, companies suffer too much loss to recover. When SARS struck China in 2003, thousands of companies went out of business because face-to-face contact became too dangerous.

Some companies figured out to move their business online, but many didn’t have the resources and knowledge to make the transition. With brick-and-mortar stores failing, e-commerce offered China an open market with no dominant forces. Immediately, China became the largest e-commerce-based economy in the world. Many of the nation’s sharpest entrepreneurs turned their companies into multi billion-dollar companies.

One such entrepreneur was Richard Liu Qiangdong, Founder and CEO of JD.com. Today, JD.com generates $57 billion in revenue. Liu Qiangdong’s net worth is an estimated $11 billion, according to Forbes. JD.com also has international shareholders like Walmart, which owns 12 percent of the company.

In 2014, WeChat made a deal with JD.com to promote the company on its site after Tencent bought 15 percent of JD.com for over $200 million. Though JD.com is a multibillion-dollar company, Liu Qiangdong wants to grow his company larger. Last year, he invested nearly $400 million in a luxury fashion brand called Farfetch.

In 1998, Liu Qiangdong opened a little store in Beijing that only sold magneto-optical products. He named his company “Jingdong” after combining part of his name with part of his then-girlfriend’s name. Jingdong quickly became a success, and he opened 11 more stores by 2003. See This Article for more information.

Sadly, 2003 was the same year that SARS spread throughout the nation, forcing Liu Qiangdong to close many of his stores. With options looking gloom, Liu Qiangdong looked for ways to save his stores. He couldn’t overcome people’s house-bound lifestyles SARS forced on China.

And seeing what some other business owners were doing, Liu decided to move JD.com into the e-commerce platform. He closed all 12 of his stores in 2005 and focused all his efforts on growing his company’s online presence.

In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. 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.

 

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

JD.com Is Changing The Way People Give While Shopping

 

JD.com is dedicated to making the world a better place in many different ways. Their sustainability programs have been recognized by many different organizations and serve to leave the environment more healthy because of their efforts. In addition, they strive for social change as well as making sure that the products that their customers receive are safe and genuine using practices that increase the transparency.

One of the most recent efforts by JD.com includes helping children living in some of the coldest areas in China who are disadvantaged or left behind by their parents who went to different cities in order to find jobs. These children who are left behind currently number around 7 million. While that number has decreased significantly recently, the number is still far too high. Left to be cared for by their grandparents, many of these children are unable to receive the resources that they need such as school bags, clothing, books, and other supplies.

JingDong was able to raise donations for the Wardrobe of Love charitable foundation. The money was raised by collecting a percentage of sales from certain brands during their Season of Giving event that took place during the Winter holidays. In addition to monetary donations, they were able to send thousands of products to these children in these remote areas. The weather can be quite harsh during this time of the year and JD.com is working to make sure that these children are kept warm and safe.

In order to collect these microdonations from each sale, cutting-edge technology was used to make the process possible. This technology from JingDong is called Aixin Dongdong which is a function that helps to facilitate the job. Millions of items are already registered with the system in order to help them raise money for different causes. Find Additional Information Here.

They are expecting to collect millions of dollars just during the first year that it is in use. Through technology from JingDong and unique shopping experiences, giving is being made easier than ever and more convenient for everyone involved. JingDong wants to help everyone make a difference in the world through their technology.

More about JD.com on https://www.wsj.com/articles/chinese-retailer-jd-com-turning-its-logistics-network-into-broader-delivery-service-1539833400

Richard Liu Qiangdong: Family Inspired Me To Become Successful

 

There is one man who is competing fiercely against Jack Ma of Alibaba in China, and that man is Richard Liu Qiangdong. Growing up poor in rural China, Richard’s parents were in a struggling business which couldn’t provide enough money to pay for his elderly grandmother. So, Richard packed up and moved to the city, to Beijing, to get an education and provide for his family where they couldn’t provide for him.

He established a restaurant business while in college, but it failed because he didn’t have enough time to devote to it while taking classes at school. So, he continued his education in sociology at Renmin University, and went on to get his MBA from the China Europe International Business School. Richard Liu later landed a managerial job at Japan Life, but it was never enough for him. Seeing his family struggle put a fire in him that most people would never understand. View Related Info Here.

So, he started selling computer parts around Beijing and was having great success until the SARS epidemic hit and was forced to make a decision on how to proceed. Liu chose to compare the profits of selling in person to online for a year and see how that did, and as it so happens the online sales were an absolute success.

From this experience Richard then learned that he could add new products to his website and gain even more customers that way. Growing largely from word of mouth, JD.com eventually spread like wildfire within WeChat and their owners, parent company TenCent and one of the richest companies on the planet, took notice and offered Richard Liu 15% of his business in exchange for $215 million cash.

Richard accepted and two short months later, with a valuation over one billion dollars, JD.com’s IPO onto the NASDAQ created an overnight influx of around 40 billion dollars. Now Richard is looking to expand his company to the world and increase Chinese delivery speeds, for “… whoever controls the Chinese market will control the world market, I feel.”

More about Liu on https://www.jonesday.com/rliu/