Category Archives: Block Chain Technology

The Basics Of Richard Liu Qiangdong

Published / by TheHI

 

Richard Liu Qiangdong is a Chinese serial entrepreneur best known as the sole founder, Chief Executive Officer, and Chairman of JD.com. Since Jingdong’s 1998 foundation, Richard Liu has led the company to a current valuation of nearly $58 billion.

Liu Qiangdong has also amassed a respectable fortune for himself, ranked by Forbes as one of the world’s wealthiest billionaires with a net worth of around $11 billion.

Let’s peer into Richard Liu Qiangdong’s background

Richard Liu Qiangdong graduated from the Renmin University of China in 1996 with a bachelor’s degree in sociology. Though he majored in the social science of sociology, Liu spent most of his free time learning computer programming. Richard Liu Qiangdong supported himself financially throughout his college career by doing freelance programming jobs.

After leaving the Renmin University of China in 1996, Liu earned an executive master’s degree in business administration from the China Europe International Business School. He learned how to speak English reasonably well while at the China Europe International Business School, something that would later prove helpful to his business endeavors.

The young businessman began working for himself full-time in 1998

Just a year after earning his master’s degree, Richard Liu Qiangdong began selling goods in China’s capital city of Beijing, naming the 150-odd-square-foot storefront he leased as Jingdong. Liu chose the name, a character in the world-popular language of Mandarin, because his name ended with the character.

Five years after opening Jingdong, the small-time retailer had grown into a 12-location business throughout Beijing, China. However, the major 2003 severe acute respiratory syndrome (SARS) outbreak causes financial trouble for Liu after many people stopped visiting stores to make retail purchases. See This Page to learn more.

Here’s where he got the idea for online retailing

Richard Liu Qiangdong was startled by the economic downturn in China after the SARS outbreak reached its peak. The fledgling company was not profitable during the months in which SARS diagnoses were the highest.

In 2004, Richard Liu Qiangdong began selling goods at JD.com, an online retailer similar to Amazon that has since grown into one of China’s most popular retailers.

 

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

Worldwide And Whatever You Want, At Your Fingertips!

Published / by TheHI

 

The biggest retailer and largest online retail outlet in China “Jingdong” is still breaking ground with two cutting edge stores, adding to its plans for “Boundaryless Retail”.

Boundaryless Retail is a strategy from JD.com to let consumers have the ability to buy whatever they want, whenever they want, where ever they want. The new outlets opened at (BCIA) Beijing’s Capital International Airport, and Inner Mongolia outlet at Hohhot East Railway Station. The stores locations are aimed at making it easier for travelers to have access at a whim to Jingdong’s popular and unique travel items including cloths, travel and mobile accessories and much more.

At JD.com’s China Railway Express location is a self-serve 100-square-meter convenience store that showcases the futuristic capabilities and technologies of the Jingdong strategy. The Railway Express deploys technology like purchasing items using facial recognition, and the availability of smart vending machines.

Jingdong even has a smart device app that you can use to make immediate purchases in outlet store to take with them, or order item and have it delivered to their homes.

Jingdong incorporates the use of smart store technology in its online outlet JD.com and its affiliate Joybuy.com devised to understand and analyze customers behaviors interacting with products. These technologies also uses customer trends to be used in future product selections and managing its products. Refer to This Article to learn more.

JD.com is not just expanding its presence in the retail world but are also continuing it’s philanthropic endeavors as it partners with brands and Wardrobe of Love, a charitable foundation to raise money to donate a portion of it’s holidays sales to provide clothing, books and bags and more for disenfranchised remote area children. Wardrobe of Love Foundation secretary Ying Qiao stated “We are delighted to have worked together with JD.com on such a heartwarming and innovative project,”

JD.com is also offering authentic imported U.S. products at its new its U.S. Mall, Jingdong’s JD Worldwide cross-border platform specifically to uS imports to their Chinese customers. JD.com also has a partnership to help American brands ensure that American products reach Chinese consumers. That partnership is with DHL Global Forwarding.

Learn More: https://finance.yahoo.com/quote/JD/community/

JD.com; A Solution to Everything

Published / by TheHI

JD.com, also known as Jingdong, is an E-Commerce platform founded by Richard Liu Qiangdong in the year 2004. It deals in a wide product range from foodstuffs to electronics, fashion and cosmetic products and even books and is currently one of China’s largest online retailers.

 

JD.com’s Solutions

 

JD.com is currently revolutionizing so many offline businesses in China by offering them online stores where consumers can make purchases from. This has indeed gone a long way in not only improving the number of customers that make purchases from these stores using JD.com’s online platform but also the profits made by the offline stores through the help of Jingdong. The offline businesses that have benefited from its solutions range from book stores, food manufacturers, restaurants and other retailers.

 

For offline bookstores, JD has been able to aid 49 stores by providing services that range from logistics to technology and even the procurement of books. In doing so Jingdong has advanced the market base for these stores seeing to it that more end-consumers are eventually reached compared to when these stores were completely offline operational.

 

An example is the Tangning store that now boasts of an increase in its sales and consequently an increase in their profits. The partnering of JD.com with offline companies has seen to a rise in profit since it also benefits from all the proceeds made by these companies through its support.

 

Priding in Customer Satisfaction

 

JD.com not only boasts of providing an enjoyable online experience for its consumers but also for the high-quality products and the efficient deliveries that are unmatched globally. Through its website, Jingdong consumers are offered a plethora of high quality or in other words, authentic products which come at reasonable prices. Convenient payment methods are also provided to cater for each and every consumer’s needs and preferences. All this is aimed at achieving consumer satisfaction. Read This Article for related information.

 

As evidently seen and proven by what it has accomplished so far, Jingdong really has a lot to offer not only to its consumers but to retailers as well. This is because it knows no boundaries meaning that it ventures in every possible product option there is.

 

More about JD.com on https://www.nasdaq.com/symbol/jd/real-time