Richard Liu Qiangdong

 

Richard Liu Qiangdong is the founder of JD.com previously known as Jingdong. The renowned businessman is known for his level of expertise in e-commerce. He began his entrepreneurial journey after he graduated and could not pursue further education. This he attributes to his interest in business rather than the conservative employment model. This led him to start a restaurant business which unfortunately collapsed due to inadequate management skills.

 

Richard Liu shifted his interest and started to sell spare parts under the company name Jingdong. It was not long before he discovered that the business model had more costs than returns and a brick and motor business model would not be efficient. He thus remodeled his business strategy and changed his company to the famous JD.com. Years later, coupled with the shift towards online shopping, the business became a market leader and is currently listed at the NSE among the top firms in China.

 

In his interview, Richard Liu attributes his success in e-commerce to the ability to strategize and have efficient business systems. He states that his business model relies on values such as integrity, efficiency, customer service and a low turnover period for stock. He further reveals the importance of ensuring customer needs are met promptly while retaining high quality.

 

In regards to counterfeit products, Richard Liu highlights that his business does not allow counterfeits, which ultimately builds trust and translates to higher revenue. JD.com currently has a delivery system within China and has further expanded the company to a global level. It is evident that the low costs associated with online store have a spillover effect which allows for business expansion. Coupled with the high economic growth rate, the company is bound to expand under Richard Liu management.

 

The interview further depicts the management technique implemented by Richard Liu Qiangdong which is based on efficiency and quality. He is also able to compete effectively and has high-profit margins by having a wide variety of products. In comparison to stores such as Walmart, the business has more products to sell with low costs associated with the same due to the short turnover periods. Richard Liu is an embodiment of success in entrepreneurship. Read This Article to learn more.

 

See also: http://www.jd.hk/richard-liu-jd-ceo-about

 

Creating Your Unique Look

Having plastic surgery done is nothing for anyone to be ashamed of. You have the right to improve anything on your body that may be sagging or causing you to look louder than usual. If you have your work done by Sameer Jejurikar, you will happy at how those improvements turn out. He is in the Dallas area, and you can get the plastic surgery done that will change the way you look.

Dr. Jejurikar operates in several areas of cosmetic surgery. So you can get a consultation that will determine if you are a good candidate for the procedure you are needing to have done. If you happen to be a man needing such services as breast reduction, the doctor will do that as well. He specializes in breast augmentation, reductions, Rhinoplasty, revision rhinoplasty, butt lifts, facelifts, and neck lifts. Of course, he does more but you would have to come in to find out what else he could do for aside from what most plastic surgeons can offer. You will be surprised how great his skill level is in getting you the results you want. All you have to do is schedule a free consultation and let him examine you to find out if you are a good candidate for any of the procedures he offers that you are interested in. Should you be a good candidate, look for your life and looks to change for the better.

Dr. Jejurikar is a very experienced doctor that you can trust to handle your cosmetic surgery without worry. He is one of the few in Dallas that offers the best service and will put your needs first. This how you really get the best results. Give him a call if you believe that plastic surgery is definitely right for you.

 

Nick Vertucci Improves Poker Playing Through Real Estate

Over time, Nick Vertucci offers improvéd his poker gamé while hóning his abilities fór building wealth in property. It will arrive since no real surprise the fact that charactéristics of success in both PROPERTY and Texas Hold’em aré related.

The Ability tó Browse Others. Phoning a compétitor’s stone cold bluff may be the name of the video game. Whéther it really is in a genuine estate deal that requires identifying whether the seller’s agent actually has a few other presents on a house, or in a pokér competition that needs you to find out whether the mán over the desk is keeping a couple of aces, reading othérs can be a required skill to havé according to Nick Vertucci.

Smart Bluffing. Not merely does an effective investor and player have to go through others, but hé must have the capability to stone cold bluff. Seated in a desk holding a flop hands, but heading all in; déterring your opponent fróm continuing to play; or informing the broker upon the finish from the collection that they have to intensify their particular offer bécause you currently have one with even more beneficial conditions in the seller’s hand — every one of them demand intelligent bluffing.

Adaptability. Nick Vertucci says changé is unavoidable, and establishing to change could be puzzling. Nevertheless, in both pokér and property, versatility is crucial to overcoming unéxpected adjustments. In the event that the lemon turns the overall game, or a fake NOI repositions a deal, a highly effective individual could have the power ánd understanding to comprehend how exactly to adapt and progréss.

Knowing 1 Poor Hand Won’t End the overall game. To put it simply: staying directly. There exists a great amount of doubt in bóth property transactions and online poker – factors that may by no means be fully understood before end from the game say Nick Vertucci. As a result, if provided oné poor hands (or an urgent end to á agreement ), a champ won’t ribbon and bow down. Rather, they’ll keep progress with all the hand these were dealt (literally, ánd metaphorically).

JD.com On How To Sustain An Online Retailer

 

As one of the world’s largest online retailer, JD.com, founded by Richard Liu Qiangdong, is one of the best examples to align one’s business with. It started as a small brick and mortar store in Beijing, China, and it has grown to be the biggest online retailer that uses cutting edge technology in its operations. The firm has incorporated a number of strategies that have ensured the survival of the business as well as the expansion of its market.

Customer Involvement

During the development of any project either in technology-based projects or non-technological projects, it’s important to involve the targeted market. This eases the product and or service acceptance process as well as promoting the business. JD.com conducts detailed research and gathers their clients’ information before during and after embarking on a project.

The online retailer has partnered with a number of institutions like the green advocacy groups to conduct sustainable consumption campaigns to inform their consumers. Other institutions include the united nation development programs to spread the awareness of waste and pollution reduction. Read This Article for additional information.

Sustainability

JD is known for its use of advanced technology to promote environmental sustainability as well as establishing an effective delivery system to cover its ever-growing market reach. JD.com has over 80,000 employees in the delivery process in China alone. With its umbrella spread over the middle and southern Asia, the number of delivery employees and delivery trucks is quite big making the rate of CO2 emissions high prompting the use of continent and sustainable delivery of products. The team, JD.com, have converted over find a thousand trucks from CO2 emitting truck to new energy trucks. The process is still ongoing with Jingdong hoping to convert its entire fleet to new energy reducing the carbon emissions by tons.

Waste Reduction and Environmental Sustenance

Many companies are in the process of incorporating means through which they can reduce the waste in their processes as one of the means to reduce global population and waste production. Their recent step in the article “JD.com Launches New Reusable Package Initiative” is a big one. It signifies that the company has put their full force behind making the company a truly environmental company.

The retail owner, Richard Liu Qiangdong has ensured that the firm uses bio-degradable material as well as reusable packages to reduce waste.

 

Read related reference on https://www.amazon.com/JD-com-Story-commerce-Phenomenon/dp/1910649716

 

 

 

Interview With Richard Liu

 

In an appearance at the World Economic Formal Annual Meeting, Richard Liu sat before an audience for an interview. Talking about his early days in college and his business-oriented mind, Richard Liu talked about opening a restaurant right out of college and running it for several years until the business folded. He stated the failure taught him vital lessons about business and consumerism. This would help him in his next and current business as it has evolved. In 1998, Liu started JingDong. It began as a few store front shops for selling electronics and electronics accessories.

In 2004, the SARS epidemic hit China. Liu, fearing for the safety of his employees, closed the stores initially. This is when the idea struck him to move the business online; thus spurring the massive growth JingDong experienced. Liu discussed the downsides to selling online, such as counterfeit merchandise and cheating customers with high prices. Liu wanted to create a better customer experience.

This customer oriented initiative spawned JD’s innovation in customer service, selling and shipping. JingDong current has a market value somewhere near 60 billion dollars. With 500 logistic centers, autonomous delivery robots and drones, JD can guarantee delivery times in as little as 6 hours with precision.

On discussing his success, Liu joked that many of the friends that he had before becoming successful were now wealthy; hinting at his generous spirit. He’s always been surrounded by hard-working, intelligent people. Liu talked about his daily routines as a measure to keep himself in groove of success. JingDong is often compared to WalMart and Amazon. Find Related Information Here.

Liu talked about how JD’s products are of better quality than that of WalMart’s and how JD’s selection is more vast. The competitive spirit lives within Liu as he discussed Amazon. Richard Liu stated that he doesn’t believe it will be too long before JD becomes more successful than Amazon on a global scale and with their rapidly evolving innovation in customer and technology driven services, it’s not hard to imagine.

Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.

 

Source article: https://jdcorporateblog.com/about-richard-liu-jd-com-founder/

 

How Richard Liu Qiangdong Changed The World Of E-Commerce

 

Ever since the inception of online retailing, its safe to say that the world of e-commerce has come a long way. Naturally, a lot of consumers weren’t really comfortable dealing with the internet for one reason –

fraudsters. A lot of scum lingered around the dark corners of the internet posing as merchants who’d pounce on any unsuspecting consumer looking to buy.

And that’s exactly why the name Richard Liu Qiangdong is very vital especially when it comes to the world of e-commerce. When he founded JD.com back in 2004, the internet billionaire had one goal in mind and that was cleaning up the online retail scene. Liu’s dream was to lead an e-commerce platform where clients weren’t afraid to use.

So Richard Liu Qiangdong made his first step by only dealing with a business that dealt with authentic merchandise. Thanks to Liu Qiangdong’s revolutionary decision, it didn’t take long for consumers from all corners of the world to take note of the good work he was doing. And it was at that moment that JD.com started experiencing its exponential growth.

Apart from combating fraud, Richard Liu Qiangdong also made sure that he was paying very close attention to what the consumers need. And that’s when he discovered that most of them were always complaining about the extremely long waiting periods between purchase and delivery. And needless to say, the tech billionaire had the perfect solution to this.

With his bonafide team and advisors, Richard Liu Qiangdong made sure that he was stationing logistic stores all over the world, with well over 500 in China alone. This way, he was in a position to reduce the delivery time to

between 6 and 20 hours, irrespective of the area of the world the consumer is. Owing to this incredible success, JD.com was floated to NASDAQ. Visit This Page for more information.

And by 2016, the Chinese e-commerce platform was raking in as much as $37 billion in net revenues annually. Today, JD.com is valued at $60 billion and has got well over 167,000 dedicated employees worldwide. But the later success doesn’t mean that Richard Liu Qiangdong and his dedicated team are slowing down when it comes to satisfying their esteemed customers.

 

More about Richard Liu Qiangdong on https://www.aacsb.edu/about/advocacy-and-awareness/member-challenges/influential-leaders/recipients/richard-qiangdong-liu

Richard Liu Qiangdong Opens Up About His Business And Personal Life in The WEF Meeting

 

Best known for founding Jingdong Mall, one of China’s leading e-commerce sensations, Richard Liu is an avid entrepreneur and businessman. His background story portrays him as a committed, resilient, down-to-earth and visionary individual to say the least. Currently, he prides himself on being the chief executive officer of JD.com, a company with an estimated asset worth of $57.6 billion.

During the 2018 Annual World Economic Forum, Richard Liu Qiangdong participated in an interview whereby he responded to questions relating to his business. He narrated to the Co-executive Chairperson and Co-founder of The Carlyle Group David M. Rubenstein how his Jingdong Mall platform became a reality. From operating a computer parts retail business to finally venturing into e-commerce, Richard Liu Qiangdong realized that the new business model involves low logistics.

According to Richard Liu, JD.com’s success did not happen overnight. In the beginning, the company was low on capital even though that situation did not stop it from operating. They began with IT products and mobile phones before later adding a variety of items over time. Currently, Jingdong serves a wide array of customers not only in China but also other parts of the world. The e-commerce platform also hopes to expand its reach to the USA, Europe, Middle East, and South Asia.

Richard Liu suggested that Jingdong Mall is better than Walmart because of its wide variety of goods, amounting to one billion. As such, customers have different choices to pick from when shopping via Liu’s platform as compared to the latter, which has several millions of options. On a more personal level, Richard Liu Qiangdong said his married and had two children, whereby the youngest one is nearly two-years-old.

More about Richard Liu

Aside from business, Richard Liu Qiangdong is an accomplished alumnus of Renmin University (China) where he graduated with a sociology degree in 1996. To top it up, he attended the China Europe International Business School for his EMBA. While pursuing his undergraduate degree, Richard Liu spent most of his time sharpening his computer programming skills by taking up freelance coding jobs. After graduation, he was employed at Japan Life, a health product entity. During the two years he worked there, he held several roles including the director for business and director for computers. See This Page for additional information.

 

More on: https://www.chinainternetwatch.com/tag/jingdong/