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

JD.com Brought Hello Kitty To Their 300 Million Customers In China

 

Hello Kitty is one of the most recognizable characters in the world and she has teamed up with JingDong for a unique holiday season promotion that their millions of customers in China got to enjoy. The retailer is the largest in China introduced the promotional partnership in a video that featured one of the world’s favorite cats along with their popular mascot JOY. JD.com is always looking for new ways to improve their customers’ experience and improve upon it.

Through this promotion, customers were given the opportunity to take advantage of a sale that featured many Hello Kitty items throughout a wide range of retailers that are part of JD.com network. The sale included items such as food, clothing, electronics, and a lot more that featured the friendly cat. Some of the items that could be purchased through the promotion were special editions that were only available as part of the event. The limited edition customer favorite included clothing and even gift accessories like boxes that were branded with JOY and Hello Kitty adorned in seasonal attire for the winter holidays. Find More Information Here.

This is not the first big promotion that JD.com has featured that included big character brands like Sanrio. One of their biggest took place around the theatrical release of Justice League by Warner Brothers. This partnership featured interactive features and deals that their millions of customers had the opportunity to take advantage of. Their partnership with the cute brand LINE FRIENDS had a lot of similarities to the Hello Kitty promotion that featured a photo booth in a popular Beijing mall. JD.com has learned that their customers enjoy the different interactive elements that their promotions and platforms have to offer and they are always looking to evolve retail even further.

Overall the promotion between Sanrio and JingDong did very well and customers were able to experience a lot of Hello Kitty for the holidays while purchasing a variety of items from their different retail options. JD.com is wanting to make sure their customers can get what they want from their company when they want it anywhere within the entire country.

 

More about JD.com on https://www.america-retail.com/innovacion/innovacion-jd-com-announces-blockchain-focused-smart-cities-initiative/

Davos Interview: Richard Liu Qiangdong On Business, Family, And Expansion

 

Richard Liu Qiangdong, the Chinese internet celebrity owner of JD.com, is amongst the wealthiest in the world. He currently offers over one billion products for sale on his website, which is more than Walmart’s one million says Liu, and can deliver 60% of goods within under 6 hours to any region of China, and 97% of goods within 20 hours of order time. This is in stark contrast to delivery speeds to other parts of the world like America where it can take up to 15 days to receive goods from China.

Richard Liu started out selling computer parts, cell phones, and I.T. products in shops around Beijing. Now he’s worth ten billion himself, and his company is worth around forty billion dollars on a good day. Richard Liu Qiangdong’s goal is to grow personally, professionally, and for the community simultaneously because wealth is actually a responsibility more than it is a luxury. Richard Liu said in a recent Davos, Switzerland interview that he enjoys being a father, a sibling, a husband, a son, and a business partner, because they each have their own roles in life. Find Additional Information Here.

He’s 44 now, but toward the beginning of life it was not so simple. He grew up in a more rural part of China and wanted to provide medicine for his sick grandmother. Richard Liu went to live in Beijing and attended Renmin University to study sociology, and in his free time he coded computer programs. His goal now is to expand into SouthEast Asia first and then into Europe, and eventually America.

Every day at 8am his managers have meetings in order to gauge the state of the business. Different strategies are implemented in different areas depending on the nature of the local businesses. While the Chinese economy grew 8% in the last few years, Richard Liu’s business grew 100%.

 

Related article: https://www.businessoffashion.com/community/people/richard-liu