Category: JD.com

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

The Seal Award Goes To JD.com

How JD.com Got Its Start

JD.com, also known as Jingdong is the largest e-commerce company in China. JD.com has humble beginnings; the company was created out of necessity. Richard Liu is the creator of JD.com, and he is an innovator who was always looking for ways to improve his company and its products. Liu started out only selling optical products, and his company grew to have 12 stores.

In 2003, there was a SARS outbreak in China that left Liu with a shortage of workers and customers. Liu wanted to keep selling his products, but he did not want to put anyone’s health in danger. He had the idea to sell his products online instead of at stores, and that idea is what made Jingdong take off. Liu was able to close all of his stores within 2 years. JD.com seemed to have a life of its own, and Liu became one of China’s richest entrepreneurs. Go To This Page to learn more.

 

How JD.com received the SEAL award

Recently, The JD.com corporate blog published an article about Jingdong. Jingdong ships products to 99% of China. Apart from being a company that is efficient, it is also environmentally conscience. JD.com has invested much time and expense in its recycling efforts.

Jingdong recently launched the “Green Stream Initiative”. The new initiative to deliver products in the reusable green boxes has been welcomed across the industry and is expected to be replicated by other companies soon. It is necessary that the companies try to find ways to reduce carbon emissions and Jingdong has been trying innovative ways to be one of the eco-friendliest companies out there.

Their recent step in the article “JD.com Launches New Reusable Package Initiative” is a big one. It signifies that the company has put their full force behind making the company a truly environmental company.

It created the largest recycling initiate in the country. This initiative covers a large number of cities in China, and it has allowed over 1 million articles of clothing and 400,000 toys to be recycled. This recycling project has gotten attention from various companies around the world that are sure to follow JD.com’s positive example.

 

The Future of JD.com / Jingdong

JingDong is moving up. It is publicly traded; it’s shares are doing extremely well, and they have been climbing. Richard Liu wants his company to be the number one e-commerce company in the world, and at the rate that it is growing, it is a real possibility.

 

More about Jingdong Mall on https://cn.nytimes.com/technology/20180619/google-china-jd-com/Tech%20in%20Asia%20-%20Jingdong%20Tags%20page/