The Detailed Journey Of JD.Com Under The Leadership Of Richard Liu Qiangdong

 

All through his life, Richard Liu Qiangdong aspired to be a politician. Having been born in a well-up family in China in 1973, he was lucky to be nurtured and brought up in an environment where he would get all the support that he needed from his family.

An interview called “An Insight, An Idea” sits down with Richard Liu to discuss his career and how he has transformed the retail industry. His company JD.com is now one of the largest retailers in all of China and it has been very successful.

His parents were reputable business people who operated the coal business all over China. With the aim of following his dreams, Richard Liu Qiangdong was taken to the People’s University of China, an institution that was renowned for producing the best politicians in China and internationally. This was where he would study politics and Sociology in the quest for his dream of becoming one of the political gurus in the country.

After finishing school in 1996, he got out and started the usual job for most of the school leavers, tarmacking. He did the “job” for more than a year and decided that he would not wait any longer to get employed. He decided that he would start a business, which he would run as he waited for better fortunes to come his way. While in the university, Richard Liu had learned some skills in computer programming. He had been using the skills to earn some money to survive while at school, and from that, he had also made some savings. View Related Info Here.

Using the savings and some loan that he borrowed from his family, Richard Liu established a restaurant in Beijing. The business went on for a while, and before long, it collapsed. This was a massive blow to the young man, but he never despaired. In 1998, he started another business, which required more of the computer programming skills that he had learned while on campus. He began the JingDong, an organization that would be assisting clients with tech issues, and also supplying computer software and hardware.

Within a short period, JingDong had grown into a vast enterprise, expanding by opening branches in various locations, both in and out of Beijing. Richard Liu Qiangdong decided that to enhance his services to the customers of the firm, and also to expand more effectively, he would transform JingDong into an online entity. He named it JD.Com.

Visit Liu on https://www.crunchbase.com/person/richard-liu-e9b4

 

Richard Liu Qiangdong Notes That The China-US Trade Wars Will Not Affect JD.com

 

Apparently, a significant number of individuals are already worried by the escalating trade war between China and the United States. The two country’s top administration have been introducing tariffs from any product emerging from any products or service coming from the other country. However, Richard Liu Qiangdong, who is the founder and owner of JD.com does not feel that the trade war between the two countries will lead to serious impacts on his business.

Richard Liu’s JD.com is an online retail platform that has been making headlines due to its extreme expansion and market entry strategies. The vision of the e-commerce store is to dominate the Chinese market before deciding to move to other countries around the world. Currently, JD.com has more than three hundred million customers in a single year, which is a clear demonstration that the company is expanding faster than what competitors might have anticipated. See This Page for more information.

Besides having more than three hundred million customers who are active in nature, the company recorded about $56 billion in revenue in the period between 2016 and mid-2017. This means that the entity is recording significant revenues, some of which can be compared to those recorded by other e-commerce platforms in the world such as Amazon. JD.com might not replace Amazon in the world but it is evident that it is giving Alibaba, another e-commerce retail store in China a run for its money.

While speaking about the trade war, Richard Liu Qiangdong wanted to eliminate fears that JD.com will significantly be affected because it has a significant partnership with United States based companies such as Google, Walmart, and Tencent. However, the chief executive officer highlighted that there is not relationship between the financial partners and the current trade wars between the two countries.

Richard Liu Quiangdong highlighted that JD.com will continue with its partnership with the firms based in the United States because he was positive that the trade wars will not continue as they won’t benefit any person. However, a significant number of customers are worried that products from the United States might be available at very high prices. Richard Liu played down the fear by highlighting that JD.com has the capacity to source other similar products from Europe or other countries around the world.

 

Visit Liu on https://www.crunchbase.com/person/qiangdong-liu