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A Biography On Richard Liu Qiangdong

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Richard Liu is an internet entrepreneur in China. He was born in 1974, is married to one Zhang Zetian and together they got two children. He is the founder and also the Chief Executive Officer of Jingdong Mall (JD.com). This is one among the leaders of e-commerce in China. His net worth as on January of 2018 was $12.7 billion.

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.

Education

Richard Liu was interested in politics. He therefore enrolled to study sociology in People’s University of China which is well connected to the political elites of China. Unfortunately, Richard found that the degree won’t offer him a job opportunity good enough and therefore learned computer programming in his spare time. In 1996, he graduated with a degree in sociology. Later, he got an EMBA.

Entrepreneurship

While in college, Richard Liu invested in a restaurant venture his earnings from programming work and also some family loans. Unfortunately, the business did fail after a few months leaving him in a debt. Richard Liu got an employment in Japan Life which is a health product enterprise based in Japan.

In June of 1998, Richard Liu then started JD.com in Beijing to distribute magneto-optical products. He did focus on the sale of authorized products while counterfeit products were being sold largely. He expanded greatly and had opened a total of 12 stores by 2003. See This Page for related information.

Richard’s business was greatly affected by the SARS outbreak of the year 2003 forcing his staff and clients to stay at home. This therefore forced him to rethink of his business model and then diverted to do his business online. The outbreak made Richard to lose a total of about 8 million yuan.

In 2004, he started an online retail website and later founded JD.com later that year. JD.com was named after Richard himself and Gong Xiaojing when he founded it. In 2007, Liu changed the business model to start selling various goods unlike the sale of consumer electronics only. JD.com has grown widely to be among the leaders of e-commerce in China. In January of 2014, Richard applied for JD.com to go public.

 

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

 

CEO/Business Leader/E-Commerce/JD.com/JINGDONG MALL/Blockchain Technology/Jingdong

Richard Liu Qiangdong Talks About Where He Wants To See Jingdong In The Coming Years

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In the last few years, Richard Liu Qiangdong has been a familiar name in the e-commerce industry due to the success he propelled his e-retail company, JD, to in a short period. Richard Liu Qiangdong has the net worth of over twelve billion dollars as estimated by Forbes, and it continues to rise as JD continues to reach new heights of success. Richard Liu believes that people who are in the e-commerce industry must understand what the consumers want and must think like a customer to shift their business model accordingly.

Richard Liu Qiangdong was interested in politics at his young age and even did bachelors in sociology from the People’s University of China. Later on, Richard Liu Qiangdong realized that just studying sociology is not going to serve his purpose to be rich and successful and thus, went on to even study business from the China Europe International Business School. Apart from studying, Richard Liu was interested in computers and coding, and it helped him fetch a job at Japan Life, a multi-national health supplement company. Visit This Page for related information.

He went on to become the Director of Computers at Japan Life, but he left his job soon after to start his retail business by renting a place at China’s Technology Hub in Beijing. It grew rapidly to become a chain of stores, and it is this business that he later shifted to an e-commerce operation when the physical retail operations had to be suspended during the SARS outbreak in China. Today, he looks back to the day and feels that if it weren’t for his quick thinking, he would not have been able to build an online empire named Jingdong.

Richard Liu Qiangdong is not satisfied with being on the second spot in the e-commerce business and wants to overtake the leading company. But, he wants to do it by keeping in mind the environmental factors, and it is the reason it is adapting Eco-friendly measures to minimize their adverse effect on the environment.

Richard Liu Qiangdong is also looking to improve his delivery system and set up international warehouses to further expand their business.

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.

 

Business/E-Commerce/JD.com/JINGDONG MALL/Online Store/Blockchain Technology/Jingdong

JD.com Helps Offline Stores To Get Ahead Of The Competition

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JD.com or Jingdong is dedicated in its goal to make shopping available to whoever that needs it wherever they are and whenever they need it. It is the biggest retail store in China and can boast on delivering the item purchased on the same day or the next day later. Because of the fast transaction, convenience, and the variety of things that can be bought online, people have the perception that offline retailers, also known as the brick and mortar retailers are in obsolete. However, it is not really the case, and to make its goal possible, JD has been helping offline stores in their endeavors.

With the age of internet and online shopping, it is perceived by a lot of people that sales are declining for offline retail stores. However, the reality is that only 8.5% of sales in the US and 15% in China are from e-commerce. Offline stores are still more active than in online stores.

Rather seeing it as a competition, JD offers a wide variety of services for brick and mortar businesses. To improve the consumer experience, JD.com is transforming three major areas of shopping.

Smart Consumption

Smart consumption’s goal is to enhance customer retention and loyalty. It is a fusion of online and offline concepts for both the retailers and the customers. One of Jingdong’s services offered in smart consumption is the virtual or augmented reality technologies. Jingdong offers services that will enable the consumer to try any item before purchasing. Clothing, furniture, and even automobiles are examples of where this new technology can be used.

Click Here to follow them on Twitter.

Smart Supply Chain

Being efficient is one of the best ways to achieve in the retailer world. When it comes to supplies, a retailer must know what its customers need and avoids guesswork. JD.com, with its advanced technology, was able to harness the power of data management and AI usage to know customer’s preferences, and when they’ll buy the items. Benefits of this service include more control in inventory, sales, pricing, and improved product design.

Smart Logistics

This is one of JD’s best offerings for offline or brick and mortar stores. To make deliveries easier and more efficient, the company offers its advances logistics system to its online and offline partners, making fast deliveries possible even for offline stores. In addition, JD’s advanced logistics also offer warehousing services for both offline and online retailers.

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.

 

Visit their channel on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA

CEO/Business Leader/E-Commerce/JD.com/Blockchain Technology/Jingdong

A Comprehensive Biography Of Richard Liu Qiangdong The Cornerstone Of Internet Entrepreneurship

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Richard Liu Qiangdong was born in 1973 in Suqian, China. He is an experienced internet entrepreneur and the initiator and Chief executive officer of Jingdong Mall. This mall, also known as JD.com is among the largest e-commerce company in China.

 

Richard Liu had an interest in politics when he was young and worked hard to become one after growing up. However, he had other interests as he was growing up, and gave up on political affairs. He is currently the Chinese billionaire and a prominent entrepreneur.

 

Education background

 

Richard Liu Qiangdong had interest in politics as said earlier. For this reason, he decided to join a prominent university which had significant relations with political gurus in China. Therefore, Richard Liu joined the Renmin University of China due to its various political endeavors.

 

In 1996, Richard Liu graduated with a degree in sociology from this University. Nevertheless, his political ambitions didn’t last long. Richard Qiangdong had a feeling that he would not get a first-class job with a degree in sociology. He, therefore, decided to take computer programming classes during his leisure time.

 

Richard Liu Qiangdong completed his programming course and graduated with EMBA from China Europe International Business School. Refer to This Article for more information.

 

Work experience

 

Immediately after graduating from China Europe International Business School, Richard Liu Qiangdong was lucky enough to get his first job. He worked as a computers director and director for business in Japan Life Company for two years. This enterprise was dealing with health products.

 

Richard Liu decided to establish his own business with the savings skills and that he had acquired. He, therefore, started a shop called Jingdong in Beijing. The shop was dealing with magneto-optical products.

 

Due to his entrepreneurship ambitions, Richard Liu kept on expanding the business in different areas, and by 2003, he had 12 more stores in China. Richard Liu founded the JD.com Mall in 2004, where he was selling electronics and various consumer products. He is currently the CEO of JD.com which is worth $57.6 billion, and among the largest e-commerce enterprise in China.

 

Richard Liu has achieved so much as an e-commerce entrepreneur. In all his occupations, for instance, working in Japan life, Liu Qiangdong successfully served as computer director. Currently, his Jingdong Mall is outsmarting other e-commerce platforms in China.

 

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

Business/E-Commerce/JD.com/JINGDONG MALL/Online Store/Blockchain Technology/Jingdong

JD MAKES YET ANOTHER MOVE AT REVOLUTIONIZING GLOBAL COMMERCE

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About Jd.com

Inventions make life easy, but when these inventions leverage innovative new technology to shape the future, life becomes even easier. JD.com, also known as Jingdong, is one such company that makes shopping experiences enjoyable.

1998 was its official kick-off as an offline electronics retailer. JD.com retailers launched into online marketing after the 2004 SARS outbreak. At the time, China had lowly developed logistics networks and JD.com begun its in-house system that ran nationwide. Currently, JD.com prides as China’s largest retailer with over 300 million customers and as the world’s third largest internet company.

JD’s Smart Delivery Stations

A few days before making an appearance in Nevada, Las Vegas, at the world’s most massive Consumer Electronics Show , JD proved its unrivaled logistics capabilities by launching two smart delivery stations in Changsha and Hohhot. The robots are intelligent enough and can deliver up to thirty parcels within a radius of 5 km independently.

On the other hand, the vehicles can easily detect road barriers, traffic lights and easily plan the routes to follow, and employs facial technology to enable users to collect the parcels. The use of both the robots and vehicles allows the stations to deliver at least 2000 packages in a single day.

The Grand Debut at Nevada, Las Vegas

At the world’s largest consumer electronics show, which is an unparalleled event for the showcasing of current technologies, innovations and creative ideas, Jingdong will be faced with the task of exhibiting its e-commerce technology that is transforming the shopping process all over China. Read This Article for more information.

What will the CES Attendees See?

This year, the visitors will be able to see first hand how JD.com’s drones deliver parcels and experience the drone flights in virtual reality. At an interesting extent, the visitors will be able to try some of JD’s technology at the company’s interactive booth. This will include a chance to put on the company’s exoskeleton that has been technologically designed to make lifting of heavy loads easy.

“Boundaryless Retail” Vision

Jingdong aims at opening its technology to other companies to ensure that their innovations are going to be enjoyed by customers who can buy whatever they need, wherever they wish and whenever they want to.

 

View source: https://jdcorporateblog.com/jd-delivery-stations-get-smart-ahead-of-ces-debut/

 

CEO/Business Leader/E-Commerce/JD.com/JINGDONG MALL/Blockchain Technology/Jingdong

Richard Liu Qiangdong Is A Great Businessman

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Richard Liu recently sat down for an interview with David M. Rubenstein, entitled “An Insight, An Idea”, the well-known co-founder and co-executive chairman for The Carlyle Group, an international alternative asset management firm. The interview concerned nothing but Mr. Liu’s rise to success as an entrepreneur through the growth of JD.com, a major Chinese online retailer also known as Jingdong.

Let’s take a short recap of the interview between Richard Liu Qiangdong and David M. Rubenstein.

Jingdong is up to a lot in 2019

Recently, the United States’ Walmart upgrade its five-percent share in JD.com to 12 percent, making Walmart the company’s largest single investor. The pair of colossal retailers first struck an agreement in 2016.

Just over a year ago, JD.com poured slightly less than $400 million into Farfetch, an online fashion retailer with upwards of 2,000 designers’ selections to choose from. Find Related Information Here.

Jingdong also continues to operate JD Worldwide, a global e-commerce interface that brings international goods to shoppers based in China. The company also continues to have its stock traded on the NASDAQ Stock Exchange, one of the largest in the world. The public stock of Richard Liu’s company was initially posted in 2014.

Further, JD.com continues to be one of China’s greatest retailers, all thanks to the crystal-clear leadership of Richard Liu.

The initial stages of Jingdong

Richard Liu Qiangdong founded Jingdong in 1998 as a retail shop specializing in electronics. The small business was located in a busy shopping mall in Beijing, China, the capital of the country.

By 2003, Liu’s creation had grown into a 12-store operation. Soon after store number 12 opened, a severe acute respiratory syndrome outbreak ravaged the entirety of China. People didn’t come out to shop as much during the outbreak. Chinese people were also less likely to spend a fair chunk of money while they were out shopping.

The growth of JD.com, post-SARS outbreak

Richard Liu Qiangdong realized that opening up an e-commerce platform was the best move he could make for his fledgling company. In 2004, JD opened up that online shopping platform. It originally specialized in computers and related accessories.

More on: https://variety.com/exec/richard-liu/