How Richard Liu Qiangdong Became One Of The Richest Men In China

 

Richard Liu Qiangdong is undeniably one of the wealthiest self-made men in China; Richard Liu is the founder and CEO of JD.com, which is worth roughly $11 billion according to some estimates. As it stands, it’s one of the most successful online businesses on the planet. That being said, he wasn’t born successful or with a lot of money; in fact, growing up his family was quite poor. Having said that, though, Richard Liu Qiangdong managed to get himself through college and earned a degree in sociology from Renmin University in 1996.

 

However, after college he realized that his degree might not lead to a worthwhile job; at least, it wouldn’t lead to a high paying one. Because of that, he began learning computer programming and started working as a freelance coder. He then got am EMBA from the China Europe International Business School. This eventually put him on the track to success; he held several different positions at Japan Life before moving on to found JD.com using his extensive skills in computer programming and business. Liu’s coding skills let him create the website himself, while his EMBA and experience in Japan Life also let him take control over the business side of JD.com.

 

This wasn’t his first attempt at a business, however; he originally started a restaurant, but that failed pretty quickly. Richard Liu Qiangdong learned from this, though; he says that the main decision that led to the failure of the business was that he only dedicated two hours a week to it. He then set up a series of stores named Jingdong, which proved somewhat successful; by 2003 it had 12 locations across China. However, a SARS outbreak made it dangerous to have face to face contact with customers. Click Here to learn more.

 

This led to Richard Liu Qiangdong shuttering each of the locations and deciding to start an online business. This eventually became JD.com. The online company ended up becoming the largest retailer in China, and offers delivery within 20 hours to 97% of customers; it also provides 57% of his customers delivery within 6 hours. As it stands, Richard Liu’s story is one of rags to riches.

 

View source: https://jdcorporateblog.com/about-richard-liu-jd-com-founder/

 

Everything You Need To Know About JD.Com

 

JD.com as one of China’s vast growing online retailer and in as much as the e-commerce has led to more and more convenience for customers, it has also brought about more and more waste products due to increased purchase. The world today in every aspect and field is looking for ways possible to reduce waste by embracing sustainability. JD.com is one of the companies that is also looking for ways to emulate the ways in which e-commerce can continue to thrive but in a sustainable manner

 

One of the ways that JD is embracing sustainability is by reducing waste. JD.com offers options to its customers to return boxes so that they can re-use them to package. The boxes that are used are also biodegradable so as to ensure that consumption is made easy and sustainable. The sealing tape that is used in JD.com is also reduced in thickness so as to reduce the level of consumption and saving more tape for future use. Receipts, invoices and any other forms of records that are kept in the company is done electronically so as to ensure less use of paper and in the end reducing waste.

 

Sustainability in JD.com is promoted by various practices. One of them is by using vehicles that use new energy rather than those that use fuel to reduce the carbon dioxide emissions that pollute the air. JD.com is also working hand in hand with both the manufacturers and its retailers to make sure that the nature of products that are produced are environmentally friendly. The other element is that the company is encouraging the logistics that are already in the company like picking up items from the customers since they are the ones that deliver them.

 

JD.com involves its customers in the sustainability programs by joining groups like UNDP (United Nations Development) which help to deal with pollution and waste management. They also run campaigns and participate in fund drives that promote recycling. By setting an example for others, JD.com believes it can and will change the way people shop and perceive consumption. JD.com believes in a better future that is founded on sustainable consumption. Go Here to learn more.

 

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

 

How Richard Liu Qiangdong Built JD.com Into A $50 Billion Company

 

Richard Liu Qiangdong is Founder and CEO of JD.com, once called Jingdong. JD.com began as a little four-square-meter shop in Beijing that only sold magneto-optical products. Today, JD.com sells billions of different products, mostly involved electronics and technology; products everyone in the world is obsessed with having.

JD.com is China’s second most successful online business behind Alibaba.

Unlike Alibaba, JD.com is expanding into new countries at a mind-bending rate. Liu Qiangdong believes that domestic and international success is built on understanding people from different parts of the world. Every now and again, Liu Qiangdong travels to different countries to give interviews and meet with people from all over the world.

Last year, Liu Qiangdong traveled to Dallas, Texas to give an interview to Davos-Klosters. In the interview, he revealed several personal and business facts that helped shape him as a person and his company.

One of the most interesting facts was about his family. Growing up, Liu Qiangdong wasn’t rich; no one in his family had much money. Most people in that situation grow to become obsessed with success and monetary gain. Though Liu Qiangdong is successful and loves growing his business, Liu loves the business aspect more than the money. The money is just a multibillion-dollar bonus.

When he first moved to the city, he wanted to pursue a career in politics. After earning a degree in sociology, he realized that no career in politics offered enough money. Shortly after he graduated, his grandmother fell ill, so he needed more money to help pay for her treatment. See This Article for additional information.

He learned computer programming and worked as a freelance coder, sending money back to his family while attending the China Europe International Business School. In 1998, he opened the first Jingdong store in Beijing.

By 2003, he had 12 stores and planned to open more. Unfortunately, that year’s SARS outbreak brought his plans crashing down but gave him the opportunity to open an e-commerce business. JD.com was born one year later.

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.hugessen.com/person/richard-liu

The Tough Journey of Richard Liu Qiangdong Before The Establishment Of JD.Com

 

1973 was the year when Richard Liu Qiangdong was born in the Republic of China. His parents were renowned business people who operated in the business of transporting coal within all the regions of the country. Since he was young, Richard Liu Qiangdong had been aspiring to become one of the prominent politicians in his country.

Richard Liu had a passion for politics and hence when he attained the age of joining college, his parents took him to the People’s University of China, an institution that was linked to the production of the political elites in the country and the whole world. In the institution, Liu was pursuing a bachelor’s degree in Sociology and Political Science, and hence he expected that with the combination of the disciplines, all the employers would be scrambling to employ him immediately after finishing school.

While still in College, Liu had joined some classes where he studied computer programming and hence he had started earning some good money while still learning. He would assist his fellow students in fixing their tech issues, and in return, he could get paid some cash. That was how he survived in college without a lot of financial hassles and struggles. However, things turned out to be a bit different after Richard Liu Qiangdong completed his degree. The employment that he had been very confident about turned out to be a meager fantasy. He tried to seek employment from various organizations in the city, but all of them turned a deaf ear on him.

As a result of frustration from the unemployment, he took some loan from his family business that was run by his father and with the assistance of the little savings he had made from the computer programing income, he started a restaurant in Beijing. This turned out to be a nightmare to Richard Liu Qiangdong since shortly after the establishment of the entity; it collapsed as a result of consistent loss-making. Go Here for more information.

He closed the business and contemplated opening a technology-related organization. That was how Richard Liu started the JD.Com organization, a firm that has been very vibrant in the provision of tech services to customers all over the Republic of China and globally.

 

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

Richard Liu Qiangdong: A Successful Past And A Global Future

 

The business of e-commerce can be quite harsh if one does not understand the ins and outs of the process. In fact, many new businesses in this portion of the economy do not do as well as their traditional physical counterparts. The reason for this is because they are often faced with a huge amount of competition in their early days and they need something to set themselves apart from the rest.

Richard Liu Qiangdong managed to beat the odds with his company JD.com, originally known as Jingdong Mall. Richard Liu sits down with Weforum.org to discuss the change in structure that may JD.com what it is today. His interviewer, David Rubenstein wanted to discuss a previous restaurant venture that he believes helped shape the future for Richard Liu Qiangdong.

Richard Liu tells Mr. Rubenstein that the restaurant that he previously owned went under. What he learned from that experience is that he should not divide his time. He was a student when he opened it and he was looking for a way to quickly earn money. He learned that if he wants his businesses to succeed, he needs to be present. When he opened Jingdong Mall he took this under advisement. His constant involvement in the growth of the business is one of the reasons why it spread to 12 locations. The electronics company was doing really well up until the SARS outbreak in China in 2003. This was when Richard Liu Qiangdong needed to think about other ways to make money. See Related Link to learn more.

JD.com did so well because they started offering a wide array of products. Richard Liu tells Mr. Rubenstein that he did not add categories on a whim. He went through and systematically added them after thoroughly reviewing the product choices. It was a painstaking process it took him nearly 6 years to complete but it was worth it. His customers felt secure with their purchases and it led them to recommend his company to their close family and friends. Liu hinges his success on being a reputable company. This is also something he tells his interviewer that he hopes to take global.

 

Visit: https://www.chinamoneynetwork.com/2018/10/18/jd-com-opens-up-its-logistics-network-to-users