Category Archives: E-Commerce

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

Modern E-Commerce In China By Jingdong’s Supply Technology

Published / by TheHI

 

Jingdong is an e-commerce business in China that puts the customers first.

The development of JD Cloud Warehouse Management Solution has enabled medium and small businesses to improve their supply chain in China. The solution was launched in December 2017, and it utilizes the Jingdong technology and experience in the supply chain to upgrade the warehouse running systems.

Jingdong has the Retail as a Service strategy that allows other companies and businesses to utilize the technology and lease warehouses that are not put to maximum use to other companies. The move will maximize real estate use as well as improving efficiency in the logistics industry. There is a provision of partnering with Jingdong, and the company will do the delivery to the partner’s clients with a mark that indicated that JD logistics sent the goods. See Related Link for more information.

The JD.com system was designed to initially power the nationwide logistics network of Jingdong that helps in goods delivery of up to ninety percent on the same day or the following day. Partners can get accurate predictions of their inventory by using the smart supply feature that offers solutions by organizing the layout of the warehouses for increased efficiency. Training is also provided by Jingdong to the employees and partners so that the efficiency can be improved.

The Warehouse Management solutions provided by the “Jingdong Cloud” is an essential indicator of Jingdong’s retail service helps in constructing long-lasting businesses while offering excellent services to the clients at the same time. According to the leader of logistics at Jingdong, Yaodong Jiang, warehouse efficiency can be improved in many regions by sharing the company’s technology.

Hundreds of partners are utilizing Jingdong’s Solution in China’s major cities. Juzi is one e-commerce service provider based in Guangdong Province that upgraded the warehouse and was able to increase the orders by four hundred percent. The business sells cosmetics, daily needs, baby clothes, and small appliances. A warehouse operator, Zhongshang, expanded the storage facilities to 400,000 units in six months and had attracted two business clients and 8000 orders successfully done with the solution.

 

More on: https://baike.baidu.com/item/%E4%BA%AC%E4%B8%9C/210931

Richard Liu Qiangdong Speaks On His Growth And Global Plans

Published / by TheHI

 

Some people know about the startup of JD.com, but there are many people who are not aware that it started with the birth of a small computer parts company entitled Jingdong Mall. A recent interview with David Rubenstein where Liu Quiangdong highlights the special circumstances that precluded the development of the online giant. He sits down with Richard Liu Qiangdong to discuss how that company managed to take shape in the aftermath of the 2003 SARS epidemic. Richard Liu talks about the fact that there were a lot of people who did not trust online retailers. The reason for this was that many retailers were conducting very dishonest business practices. They were not providing their customers with the merchandise that they had purchased or customers received cheap knockoffs. See This Page for additional information.

 

For Liu Quiangdong, this was the foundation of his Internet-based company. He had to move Jingdong Mall to the Internet market because of the SARS outbreak, but he decided to make sure that is it was an e-commerce retailer it would be one of the best. Liu Quiangdong took his time sifting through the available merchandise for his customers to be sure that he was only providing them with the best. At first, JD.com only featured computer parts and other technology related items. Richard Liu Qiangdong believed that over time he could expand to other categories. This expansion was slow because he took the same amount of time to go through other categories as he did with the initial technology section. Eventually, JD.com began to offer other options and six years later they provided most categories.

 

Liu Quiangdong now has of a company that is worth almost $60 billion. This company has been so successful because they fostered a major focus on customer service. Customer service helps solidify them in the minds of Chinese citizens. They knew that they could depend on them to deliver top-quality products. Richard Liu Qiangdong tells David Rubenstein in a recent interview with Weforum.org that the next step for JD.com is the international stage. Richard believes in the exceptional level of service that JD.com has offered the Chinese public will be much appreciated on a global scale.

 

Source; https://www.forbes.com/profile/liu-qiangdong/#711217232c0d