Category: Blockchain Technology

The Self Made Entrepreneur, Richard Liu Qiangdong

 

Richard Liu Qiangdong is the founder and CEO of JD.com. JD.com is the leading Chinese e-commerce company. As at the beginning of 2018, Qiangdong’s worth was estimated at more than US$12 billion. Among the attributes that have brought him so much success are his intuition, flexibility and business savvy. The customers who shop actively at JD.com are over 100 million. Under his headship, the company continues to use cutting edge technology to offer new solutions favorable to the global economic environment.

Richard Liu Qiangdong was born in Suqian town, Jiangsu province and his early life was the same as those of other families who lived in the region. His parents, who were coal shippers, were keen on instilling the value of hard work, besides giving him a proper education. They were always encouraging Qiangdong to excel in every area of his life. Upon the completion of his secondary school, Liu Qiangdong joined The Peoples’ University of China to study Bachelor’s degree in sociology. While at the university, he recognized the need to broaden his horizons to acquire a competitive edge as far as future employment opportunities were concerned. He, therefore, learned on his own, computer coding and did a lot of self-study associated with computer science.

His first employer after graduating from the university was Japan Life – a large scale provider of natural supplement. Thanks to the skills he picked up in school, through self-study programs, he rose at the firm to become the Director of Computers. Refer to This Article for more information

Qiangdong left Japan Life in 1998 to begin his entrepreneurial journey. When he started a small firm, named Jingdong at the time, it grew tremendously and within the first five years, he was already operating a chain of 12 brick and mortar stores. Liu did everything possible to stand out from his competitors. At a time where his competitor sold faux magneto-optical products, Qiangdong chose to sell authentic products only. Other tactics he used included the provision of exemplary customer service, simplifying transactions and utilizing technology to streamline business ventures. The outbreak of SARS brought a new dawn for his business – thanks to his ability to adapt to the new marketplace. Within two years, his company became purely online based with a new name; 360buy Jingdong..

On his website, he continued to sell magneto products. However, other businesses saw the profitability of the business and offered partnerships so they could sell their wares on the platform. He renamed the company JD.com. Before long, Richard Liu welcomed new associations with companies such as Walmart with Google investing in his company.

 

See also: http://www.jdwl.com/richard-liu-jd-ceo-about

 

Richard Liu’s Business Journey

Richard Liu is a well-known person in China who plays an essential role in the business sector. He is mainly referred to as the pioneer of online shopping. Liu Qiangdong is the founding principal and the chief executive officer of Jd.com, one of the leading online shopping platforms in the world. The platform was officially launched in 2004.

Richard Liu came from a humble background and was raised by a poor father whose occupation used to be coal shipping. The little money he used to get invested in his son’s education. Today Richard is one the highly reputable and famous businesspersons in the world. Richard Liu attended the University of China where he studied his bachelor’s degree in sociology. As he was studying his degree, he came to realize that he had no real passion for social science and fell in love with computer programming. Richard started attending private programming classes and used his knowledge to do some programming for local companies with the university vicinity.

The little cash he earned from his part-time job, Richard invested it in a hotel business which unfortunately collapsed after some months. Richard Liu continued with his studies, and after getting his bachelor’s degree, he joined the postgraduate school of the International University of Europe and China and studied his master’s degree in computer science and programming. Refer to This Article to learn more.

After completing his studies, Richard started working as a director of computer and business in a Japanese company in Beijing. The company was a pharmaceutical industry producing health products. Richard worked for the company for several years, and later he left the company and started his business.

Richard Liu together with his wife founded a mall in Honking known as 360Buy in 1998, and it was the only supplier and retailer of magneto-optical products in China. By 2002, Richard’s mall had grown into twenty more other malls distributed in various parts of the country. Later in 2003, China was affected by the SARS outbreak forcing Liu to shift his business online. Officially, he launched it in 2004 and today JD.com is the best e-commerce platform in China.

 

Visit: https://www.jd.id/richard-liu-jd-ceo-about

 

Liu Qiangdong, The Man On The Move

 

Richard Liu Qiangdong is the founder of JD.com. JD. Com is an e-commerce company based in China. He is a self-made entrepreneur who overcame economic challenges.

Liu Qiangdong is an inspiration to entrepreneurs that anything is possible. Richard Liu was born and raised in Jiangsu, a Chinese province. He had a fun childhood experience and had many friends. His parents owned a coal shipping company in the province and taught him how to do business. They also encouraged him to work hard at school and pursue his dreams. Richard Liu appreciates his parents for being a voice of reason when he did not want to continue.

After completing secondary education, Richard Liu enrolled in a sociology program and earned a bachelor’s degree. He realized that he needed to broaden his horizon to increase the chances of getting a good job. He learned computer coding and computer science. He wanted to be as versatile as possible. After graduation, he was hired by Japan Life where he put his skills to good use. The management of the company was pleased with his performance and appointed him the director of computers. Visit This Page to learn more.

Richard Liu Qiangdong left the company in 1998 to start his business. He felt that it was time for him to create his own company after acquiring skills. He rented a room in Beijing to sell magneto-optical products. He developed a strong relationship with clients which led to tremendous growth. While he had many competitors in the retail industry, he was unique because he only sold authorized products. Customers trusted him to offer quality and legal products.

Many companies sold fake products without value. He not only distanced himself from dubious competitors but also focused on offering authentic items. Liu Qiangdong gained customer loyalty, and within a short time, he had many customers. He turned the small business into a profitable brand while others struggled to stay afloat. However, the outbreak of SAR in China affected business operations. Richard Liu Qiangdong not only survived the ordeal but also proved his ability to adapt to new situations. He moved his business online and turned it into a profitable venture.

 

More on: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d

Richard Liu Quiangdong Speaks About Jingdong

 

Richard Liu Qiangdong is the talent behind the globally successful e-commerce platform, Jingdong, which is the largest retailer in China besides being the most profitable internet company. JD.com, with a net worth of $57 billion is among the two biggest e-commerce companies in China with the company expanding in size and command, courtesy of their innovative business approach. The success of JD.com has not only made Richard Liu Qiangdong a notable figure in China’s corporate world but has also made him a billionaire with a net worth of $11 billion.

Liu Qiangdong has also been recognized by the “Business of Fashion Top Performing Businessmen of 2018”. An award that is very well deserved by Richard Liu Qiangdong. It is a reflection of his consistency and excellence in his business.

At only 44 years old, Liu Qiangdong’s  fortunes makes him one of the richest young business executives in China and the world in large. However, building Qiangdong’s e-commerce empire was an uphill task and a battle of wills as he had to overcome a myriad of challenges. As Richard Liu recounted in an interview at the World Economic Forum (forum), there were rough times that tested his willpower and aptitude but his innovative mind saved the day. Much to the dismay of an enchanted audience at the WeForum, Liu Qiangdong narrated his brush with foreclosure during the SARS outbreak in 2003. The SARS outbreak spelt doom to Liu’s budding business because it meant that employees and customers would not interact without contracting the virus.

At the time, Richard Liu Qiangdong’sbusiness consisted of 12 stores in Beijing, where he sold magneto-products and computers parts. He had started the enterprise in 1998 by opening 1 store and had managed to expand to 12 stores by 2003 when the disastrous outbreak occurred. Upon the SARS outbreak, Liu had to close the 12 stores and decided to operate from 1 store. However, this was highly ineffective and Richard Liu had to think beyond the obvious to save his business. View Additional Info Here.

Subsequently, Richard Liu Qiangdong decided to take his business online and he, therefore, formed JD.com. Today, JD.com is one of China’s most efficient e-retailer, delivering more than half of their orders within 6 hours and 97% within a day. Richard Liu Qiangdong is an alumnus of the Renmin University of China where he studied Sociology and also holds an EMBA from the China Europe International Business School. Before starting Jingdong, Richard Liu worked as the Head of Computers and Head of Business at Japan Life.

 

Source: www.joybuy.es/liu-qiangdong-jd-ceo-about

 

Richard Liu Qiangdong Successful Venture In JD.com

 

Richard Liu is the founder and CEO of JD.com, part of China’s dominant e-commerce platforms, presently worth more than $57 billion. Richard Liu studied a degree in sociology in the Renmin University of China and graduated in 1996. While still a student, Richard Liu Qiangdong spent a lot of time in freelance coding work. He also worked in the family business and has also at one point ventured into the hotel industry.

In the year 1998 Liu Qiangdong started out in new business ventures. In 2004 JD.com an e-commerce platform was launched, starting off by selling electronics and it gradually grew to the sale of a variety of products in a period of almost 6 years. The sale of quality original products and issuing legitimate invoices fueled the rapid growth if the company. Most of the products at JD. Com that have higher sales are consumer goods, foods, and fashion items.

Liu Qiangdong banks on finance, logistics and technological excellence to ensure the smooth running of the company. The firm delivers products to the customers in China and Globally. 57% of the deliveries are done in less than six or so hours. Product turnover at his company is approximately 34 days and is projected to be less than 20 days in the near future. The company has set up more than 500 logistics center to ensure that the business is smooth. Customers are usually given the same best quality standard and there is no discrimination in customers’ service. View More Information Here.

The firm is set to expand to South East Asia, the Middle East, Europe and then America as envisioned by the founder, Richard Liu Qiangdong. He recognizes that expansion of the business is not easy bearing in mind that different setups may require a different approach as well as partnering with other companies to ensure success.

Liu Qiangdong also desires to better the profits and give back handsomely to the company’s shareholders. Richard Liu would wish to train the young people venturing in business to always treasure integrity as a virtue for growth. The 44-year-old husband and father of two consider family the greatest achievement.

 

See also: http://www.jd.hk/liu-qiangdong-jd-ceo-about

 

An Insight Into JD.com Founder And CEO, Richard Liu Qiangdong

 

Billionaire Richard Liu Qiangdong was interviewed at the 2018 World Economic Forum Annual Meeting. The thirty-minute interview titled, An Insight, An Idea with Richard Liu, posted on the Forum’s website on January 24, 2018, gave us an insight of JD.com and the man who founded it, Mr. Richard Liu.

Richard Liu Qiangdong, Founder, CEO, and Chairman of JD.com, a global giant in the e-commerce platform. Mr. Liu Qiangdong made a name for himself when he took his physical store and started JD.com, selling his products online.

 

About Richard Liu Qiangdong

 

Mr. Richard Liu Qiangdong graduated in 1996 from the Renmin University of China with a degree in Sociology. After graduation, he accepted a director position for Japan Life where he worked for two years. Although he graduated with a Sociology degree, he grew up in a family who had a small family business and eventually followed in his family’s footstep and opened his own company called JD.com.

At the end of the interview, Mr. Liu was asked what is the thing that gives him the biggest pride. He responded by saying it was his family. To his wife and children, the best husband and father, to his parents and sisters, he wants to be the best son and brother, and his employees to be the best boss. Go Here for additional information.

 

About JD.com

 

At the beginning of the interview, Mr. Richard Liu mentioned that the name of his company was created with the initials of his then-girlfriend and his own last name when asked how he came up with the company name. In 1998 he opened a physical store selling computer accessories and expanded to twelve stores in 2002.

When the SARS breakout in 2002 happened, the majority of the population became home-bound resulting in closing all of his twelve stores temporarily. Selling online was the solution for his company to stay profitable.

E-commerce is the wave of the future for his company and at the end of 2004, he closed all twelve physical stores permanently and JD.com has seen exceptional growth since. As of the beginning of 2018, JD.com market value reached $60 Billion and has become one of the top internet E-commerce platforms in China.

 

Additional reference article: https://seekingalpha.com/article/4226658-jd-com-will-richard-liu-deliver-2019