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