THE SUCCESS OF RICHARD LIU QIANGDONG

 

Richard Liu Qiangdong is the founder of JD.com. He is the chief executive officer of this company. This company is one of the largest e-commerce business in the country of China. It is worth $57.6 billion. He built the company from scratch. Richard Liu studied in the University of Prestigious Renmin. In 1996, he graduated from the campus with a degree in sociology. Richard Liu was hired in a health company where he worked for two years. He  served different roles including director for computers and director for business. He has a variety of honors. It is referred to as 2017 variety 500 honorees.

 

Richard Liu Qiangdong then started a shop selling Magneto optical products. This was after his failure in the restaurant business and making health products sale. He named the business Jing dong. By the year 2003, he had set up 12 stores.SARS outbreak threatened his business. He came up with JD.com which was born due to everyone being housebound. This was fully functional in the year 2004. In the year 2005, he shut all the physical stores and focused on e-commerce. Richard Liu added the consumer goods and the electronics. In 2010 they had all the products in the market. The most popular product that they sell is consumer goods and fashion.

 

There were many counterfeit products online. People also cheated on the prices of the products. This was a contributing factor to his company growing rapidly. Liu offers after sale services. This include shipping the products to the customers. They ship goods globally. In other countries, it takes them a few days. He says that their goal is to be number one in China. They also have a goal of venturing into other countries. This includes Asia, Europe and United States of America. See Related Link to learn more.

 

There is a company called WeChat which was being established. The owner acquired a 15% stake in JD.com. The deal is to advertise the company in the social media. It will boosts JD.com with almost a billion active users. After two months the platform became viral. JD.com now competes with Alibaba.

 

More about Liu on https://variety.com/exec/richard-liu/

 

Jingdong Builds A New Research Center To Build Smart Cities

 

Jingdong is starting a new research center that will develop futuristic automation technology that will be used to create smart cities. This research center is located in Xiongan, China, and was announced at the Beijing event on October 18, the 2018 Global Smart Supply Chain Summit. Named the Urban Smart Logistics Institute it will create urban logistics systems, urban logistics hubs, cloud computing platforms, big data, and other technology.

 

There were several founding members of this JD.com research center. These are Beijing Jiaotong University, Nankai University, Beijing Wuzi University. the Institute of Comprehensive Transportation at the National Development and Reform Commission, Sinotrans & CSC, Shanghai Maritime University, and the Shanghai Municipal Engineering Design Institute.

 

Quite a bit of the urban traffic emissions is released by freight vehicles in China. They also take up around a third of road capacity, leading to congestion on the roads in urban settings. Since urbanization is polluting the environment and a big cause of climate change Jingdong Mall is seeking to build a supply chain that gets as many freight vehicles off the road as possible.

 

The first thing this research center will focus on is underground logistics systems. Jingdong wants to build underground pipes that contain tracks which will allow packages to go underground from the factory to urban logistical hubs scattered around a city. This will eliminate much of the traditional logistic systems which take up too much space in a city. Click Here to learn more.

 

With smart cities, the goal is to make the best use of all the space in the city as well as conserve resources. The Jingdong research team says that building a 3-dimensional underground smart logistics system will change the industry for the better. It helps to reduce traffic congestion, is more environmentally-friendly, and save precious urban space.

 

Jingdong is the largest retailer in China so they ship a lot of packages every day. They are a very innovative company, such as building the first fully-automated fulfillment center on the planet. They can also deliver packages by drone and are exploring new propulsion technologies which will get packages delivered even faster in the future and at a lower use of energy.

 

See also: https://cn.nytimes.com/technology/20180619/google-china-jd-com/

JD.Com Launches An E-commerce Platform In Thailand

If there is an equivalent for the “Amazon of China”, Jingdong Mall is the best candidate. Jingdong Mall, also known as JD.com, has launched its platform in Thailand.

 

Jingdong has partnered with Central Group. The e-commerce platform is called JD Central and it’s been established after operating for three months. The partnership will offer direct sales as well as market models as it features various product categories including home appliances, music, and books. Vincent Yang of JD.com said the launch of JD Central marks the onset of another step in JD’s journey to serve clients in Southeast Asia. The company already operates in Indonesia and Vietnam. Fashion companies keen on expanding their horizons in Thailand should observe JD Central since fashion is in the leading category.

 

Jingdong Mall is an e-commerce firm headquartered in Beijing. It’s one of the leading B2C online retailers by transaction input. It’s also a Fortune 500 Company and a rival to Alibaba-run Tmall. In 2018, the company garnered 301.8 million users. Liu Qiangdong established JD.Com in 1998. Its retail platforms were launched in 2004. It began as an online optical store then diversified into selling electronics, computers, and mobile phones. In 2007, the firm changed its domain name to 360buy.com. In 2013, it rebranded to JD.com and publicized its new logo. View Related Info Here.

 

JD.com uses the Jingteng Plan to offer brand owners accurate target market and diverse channels to sell their products. They also provide authentic goods at low prices as well as quality assurance. Clients come first. Jingdong has 170 million users while Tencent has more clients in WeChat and QQ. The plan assimilates consumer behavior data as well as social data. It also incorporates marketing solutions for social data. The user portraits and personalized creativity are some of Jinteng’s projects.

 

Jingdong is one of the leading companies in high tech besides AI deliver via drones, robots, and autonomous technology. It possesses the largest drone for deliveries with the strongest capability in the universe. It’s recently launched a testing program for robotic delivery services as well as drone delivery airports and operating driverless delivery via launching its autonomous truck. Over the years, JD.com has increased shares in mobile consumers in China. It invested $397 million in a luxury e-commerce platform called Farfetch in 2017.

 

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