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