Richard Liu Qiangdong is the founder and Chief Executive Officer of JD.com, an online retailer in China. Richard Liu Qiangdong started what would come to be known as JD.com in 1998. He started with a counter store, which sold magneto-optical products in Beijing.
The business experienced rapid growth and development. Within a few years, Liu Qiangdong had opened a total of twelve stores. But as fate would have it, the outbreak of the Severe Acute Respiratory Syndrome deals the business a heavy blow, from which it never recovered. Liu eventually closed down all his stores and went back to the drawing board.
Richard Liu Qiangdong is an exceptionally gifted businessman. He realized that the brick and mortar establishment required physical contact with clients, the reason why his first business collapsed. He closed down all his physical stores and established JD.com in 2004.
Today, JD.com is one of the largest e-commerce retailers in China. The company is well-known for its high quality and efficient customer service. JD prides itself in the provision of a wide range of authentic products including computers, books and videos, cars and parts, digital products, apparel, and other fast-moving consumer goods.
Through JD logistics, Richard Liu Qiangdong has established a robust logistics network that covers more than 70 cities in China. The network enables JD to deliver orders to customers on the same day. The company is also able to deliver orders to customers within Asia in a single day or two.
Speaking during this year’s World Economic Forum meeting, which was held in Davos, Switzerland, Richard Liu Qiangdong disclosed that JD.com intends to take its logistics business public. Liu was speaking at an interview entitled “An Insight, An Idea with Richard Liu” with CBNC. He also said that the listing would most likely take place in mainland China or Hong Kong. According to Richard Liu, JD is also considering a dual listing.
The dual listing takes place when a company takes its shares public in more than one stock exchange market. As Liu explained, the move will make the stock more liquid and allow some flexibility to investors. Because JD. Com International is already listed on the Nasdaq, it is possible that the dual listing will take place in mainland China or Hong Kong. See This Article to learn more
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