JD.com is among the most prominent platforms of e-commerce in China, and it’s worth is currently $57.6 billion. Liu Qiangdong is extensively acknowledged for being the Chief Executive Officer and founder of JD.com. According to Forbes, the net value of Liu is currently $11 billion. Among its stakeholders is Walmart that recently raised the stake to twelve percent. It was in the mid-2017 that announcement was made concerning JD.com’s investment of $397 million on Farfetch alongside a mutually valuable partnership which invests on the respective reach of the two firms within China as well as the experience connected to luxury fashion.
Richard Liu Qiangdong is a graduate of the Renmin University of China. He graduated in the year 1996. Despite studying sociology, he consumed a lot of time enhancing his skills on computer programming through the coding tasks alongside freelance. He went ahead to study his masters at the China Europe International School of Business. It is after his graduation that he began working with a health product firm named Japan Life. He occupied various positions in his tenure of two-year tenure alongside business and computers directors.
It was in the year 1998 that Richard Liu went out individually and opened a shop that sold magneto-optical items within Beijing. He gave it the name Jingdong about his name and that of the girlfriend he then had. The expansion was incredible, and it reached twelve stores the year 2003. However, the outbreak of SARS that happened that year made customers and staff remain house-bound which threatened the future of Jingdong. This then forced Richard to make a reconsideration of the brick-and-mortar enterprise structure that led to the birth of JD.com in 2004. Within a year, he had closed all the stores to concentrate on e-commerce. It is at this point that he started selling an assortment of quality electronics alongside consumer goods. Go Here for more information.
Tencent is the owner of Wechat that acquired a stake of fifteen percent in JD.com worth $215 million. In line with the deal, WeChat decided to boost JD.com through its social network with over a billion active users every month. The rapid expansion and growth of JD.com match Alibaba ’s which makes them the two leading Chinese giants and fierce rivals in line with e-commerce.
Due to his hard work throughout the years, Mr. Qiangdong has managed to accrue a few important accolades over the years. One of these incredibly amazing awards was the “2017 Variety500 Honoree” in the variety honors.
Richard Liu Qiangdong is a Chinese Billionaire known across the globe for his remarkable entrepreneurial contributions in China and to society. In 1998 Richard Liu started Jingdong company that was named by combining his last name and the last name of his first girlfriend. He was devoted to manage the company and lead it to success. Richard Liu understood the market demand which was to sell authorized and original products, unlike other companies. By 2003, the company had employed thousands of employees to serve in 12 stores to sell magneto-optical products.
When SARS struck, the Jingdong company faced loss since many customers and employees were forced by circumstance to stay at home. Richard Liu also feared that his employees would be hit; he sent them home with some supplies to sustain them before the outbreak passed. In 2004, Richard Liu with the help of one of his managers launched J.D.com, online website to sell products. J.D.com sells a variety of products including, electronics, consumer goods and electronics. There is stiff competition from Alibaba company, but J.D.com emerges at the top due to their modern technology and selling a variety of products.
Richard Liu Qiangdong aligned with Walmart company in 2014 which owns a stake worth about $215 million in J.D.com. WeChat company also has a 15% stake in J.D company hence provided millions of active users. Over the years. J.D.com has more than $50 billion market value making it the largest retail business in China. They deliver products to users using robots and drones.
Richard Liu has set plans to expand the company to Europe, Asia, the US among other parts of the world. He has started exporting the best goods from various parts of the world to China to ensure J.D.com sells a variety of products as compared to other companies.
Richard Liu is married to Zhang Zetian and has both a son and a daughter. Richard Liu spends time with his family to provide both financial and moral support. During his leisure time, Richard Liu likes swimming, walking and exploring in the desert; he has traveled to almost every desert in the world. Read This Article for additional information.
More about Richard Liu Qiangdong: https://www.crunchbase.com/person/richard-liu-e9b4
JD.com is the largest retailer in China. Recently, the company announced that it has completed a drone flight to Indonesia. With this drone flight, JD.com and Jingdong have been able to make their first ever delivery to another country via drone. It will therefore open the door for future use in ecommerce. Once the drone delivery gets approved by regulatory officials, the company will continue to use this as one of its standard delivery methods. The completion of this recent drone delivery flight to Indonesia by JD.com has been an innovative breakthrough in ecommerce. Drone flights will enable JD.com and Jingdong to more efficiently ship merchandise to customers worldwide.
The test flight by JD.com was done on January 8, 2019. The company flew the drone in West Java Indonesia. JD.com flew the drones to two specific locations which were Jagabita Village and MIS Nurul Falah Leles Elementary School. It delivered a number of school supplies which included books and backpacks. This particular delivery was fro a donation of school supplies.
With this delivery, JD.com and Jingdong have completed yet another philanthropic activity that it has been long known for. It has used drones to make deliveries for charitable causes along with avoiding the delays that are caused by natural disasters in China. Read This Article for additional information.
In recent years, JD.com and Jingdong have been heavily involved in introducing ecommerce to Indonesia. The company began conducting ecommerce business in 2016 and has grown steadily over the last two years. Today, the company sells over 1 million SKU’s and serves millions of customers all over the nation. As far as their operations are concerned, JD relies on a logistical network that consists of ten warehouses that cover over 400 cities and over 6,000 counties. It also operates across seven islands as well. Since Indonesia is spread over many islands, it benefits from enhanced logistical support.
JD.com will be able to deliver products to consumers and thus provide more efficient and reliable service. Another benefit of JD.com’s new drone delivery system is that it will be able to complete deliveries on same day next day orders. In the future, the drone deliveries will be used to address both ecommerce and humanitarian operations for the company.
See also: https://www.investing.com/equities/jd.com-inc-adr
There is a bigger emphasis on the environment as companies get bigger. There is no bigger company than JD.com.
JD.com is the world’s largest retailer, and it is the industry leader for e-commerce. Online retailing is expected to continue to grow, and with it comes a need for more focus on sustainability and responsible environmental policies. JD.com is leading the way with new technology to reduce pollution and waste.
It is working with United Nations Development Program to focus on ways the consumption process can be more environmentally conscious. JD.com has developed some of the most ground-breaking technology to help with its efforts. The reduction of its carbon footprint is one area it has found great success.
Its fully automated plants process billions of orders a year, and many of the deliveries that it makes are done by drones. It is just one part of its commitment to use less fossil fuels. The company is switching many of its delivery trucks to hydrogen. Read This Article for related information.
One of the biggest innovations is the use of driverless robots. It is a program currently being used in two cities in China, but the company will expand it during 2019. It is a way to deliver thousands of packages a day using electric vehicles. The robot delivery vehicles will also deliver a new type of package.
JD.com is using biodegradable boxes that can be used up to ten times. After a delivery has been made, the customer simply hands the box back to the driver so it can be used again. JD.com is even using less tape on the boxes. In just two years, it has already saved 100 million meters of tape.
JD continues to create new ways to help the environment, and it is happy to lead the way in responsible and sustainable business practices.
See also: https://www.jdsports.co.uk/
JD.com is one of the top online retailers in China. They are based in Beijing, and the company was founded by Chinese entrepreneur and businessman Richard Liu. They are also known as Jingdong, and the customers in the region can shop at the Jingdong Mall. The customers can buy either online or offline at one of their retail stores.
The Joybuy.com site is the official location for the shopping site. It reaches a global customer base and has millions of active users. They carry a wide variety of products from which to choose. The company is committed to selling only authentic products. JD has a strict policy that does not allow counterfeit items to be sold. They pride themselves on the high quality of products made available to their customers.
Gieves & Hawkes has opened their flagship store on the JD.com selling site. This is a good match for both companies in that the brand’s high quality products will be added to the existing line of goods. Jingdong welcomes the aauthentic, luxury products that will now be sold at the renowned Gieves & Hawkes online company store. JD.com sees this as an exciting and promising opportunity.
Joybuy.com features a full line of electronics, phones, phone accessories, and more. They also sell wigs and hair accessories, sporting goods, home decor items, and clothing. Additionally, they carry an extensive line of computers and computer equipment. There are thousands of products available. They have a high level of customer service and fast delivery options. The company can provide one day shipping service to their many consumers in their market region. Go To This Page for more information.
The company offers a business opportunity for people seeking extra income. They have an affiliate program with a generous compensation structure. An independent distributor who is looking to go into business for themselves have access to tens of thousands of products. They can offer the same high quality products that are available on JD.com and at the same competitive prices. Their customers can also be assured of the same quick delivery of their order.
See also: https://www.amazon.com/JD-com-Story-commerce-Phenomenon/dp/1910649716