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

 

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

ATS Digital Services CEO Robert Deignan Explains The Importance Of Omnichannel Strategies

Robert Deignan is the Co-Founder and Chief Executive Officer of ATS Digital Services. Deignan received his B.S. from Purdue University. Recently, Robert Deignan gave his thoughts on omnichannel strategies. Deignan says that omnichannel strategies serve an important purpose by providing a great experience across multiple channels. In order to develop an effective omnichannel strategy, companies must make sure that they have a clear vision of how they want to promote their products. Deignan points out that ATS Digital Solutions has multiple channels that allow them to create a good omnichannel strategy. To help companies develop their own strategies, Robert Deignan spoke about the importance of having an omnichannel strategy.

Familiarity Is Key

Deignan points out that since the start of civilization, human beings have preferred things that are familiar to them. When a company can promote their brand across multiple channels, that allows customers to become familiar with the company very quickly. Without a good omnichannel strategy, people are less likely to support your company.

Manage Customer Expectations

When a customer visits a company’s website, they expect a customer support agent to be on standby in case they need help. With the proper omnichannel strategy, companies can create connections for both digital and non-digital channels. That allows companies to stand out from their competitors.

Robert Deignan points out that service agents are tasked with solving the technical issues of customers, which can be a difficult job. To assist service agents, Robert Deignan gave some insight into different ways that service agents can help support omnichannel strategies.

Develop Great Communication Skills

Communication is an important part of customer service. Without the proper communication, things will not function as they should. Deignan points out that agents should address the issue in a timely manner. Agents should keep things simple and be transparent. Effective communication will help agents establish a long term relationship with customers.

Be Knowledgeable

Customers expect to have their issue taken care of by the customer service agent. Agents who are knowledgeable are able to solve problems as they arise in a timely manner, which is beneficial to everyone.

http://www.atsdigitalservices.com/

Vinod Gupta Personifies The American Dream

 

The American dream is an idea which permeates the culture in the United States. It is the idea that no matter who you are and where you come from and what your history is you will always have a pathway to find success in America. Vin Gupta, who was born on the Fourth of July, the birthday of the nation, is a prime example of how the American dream can become a reality.

 

Gupta was born in the mid-1940s in India in the village of Rampur Manhyaran, north of New Dehli, near Saharanpur. He came from humble roots and grew up in a community without roads, running water, televisions, toilets, cars or even electricity. After spending several years in the Indian Air Force and completing high school in a school in his hometown village, Gupta enrolled in college and majored in agricultural engineering in a university in Kharagpur, India. He then finally made it to the United States when he was admitted to the University of Nebraska at Lincoln. Refer to This Article for related information.

 

Following the completion of Gupta’s formal education, he found work in Omaha, Nebraska as a marketing research analyst with a mobile homes manufacturer. As an analyst for Commodore Corporation, Gupta was tasked with evaluating rival companies. However, this required compiling a list of every rival company.

 

Commodore said it would consider purchasing the compiled list. However, Commodore did not want to pay the $9,000 price tag for the list. Instead Gupta allowed the company to use the list free of charge and in return Commodore allowed him and his partner to sell the list to Commodore’s competitors. This was the beginning business model for infoUSA which now compiles lists for all types of industries.

 

Eventually the company grew the company to more than 1,800 workers with $302 million worth of sales in 2002. In 1992 the company went public and was then sold for $680 million in July 2010. Starting from the humblest of roots, Gupta obtained vast personal wealth and success, personifying the American dream.

 

See also: https://gazetteday.com/2018/05/vinod-gupta-lessons-business/

Richard Liu Qiangdong of JD.com And His Rise To Success

 

Richard Liu Qiangdong created a wave of online sales off the backs of one of the scariest viruses to ever hit Beijing: SARS. When all 12 of his magneto-optical parts stores in Beijing were threatened with extinction, Richard took the bull by the horns and started an online store to sell his goods so that his business could stay afloat. That business he named after the last character his and his girlfriend’s name: Jingdong. Later shortened to just JD.com, the website has grown to add all sorts of goods for sale from fashion to car parts, fun electronics, and beyond.

 

Seeing this enormous growth, WeChat investor TenCent saw the potential growth and approached Liu Qiangdong with a proposal to invest 15% of his company in exchange for $215 million. With this kind of valuation, Jingdong was now worth in excess of one billion dollars: enough to safely list his company on the stock exchange. And so Richard Liu Qiangdong did just that, he listed JD.com under the ticker “JD” on the Nasdaq market with a valuation of around $44 billion after its IPO, and ever since that day his net worth has floated upwards of $11 billion. Walmart, in fact, bought a 12% stake in his company.

 

But all of this started from Liu Quiangdong’s continued dedication to work and never giving up himself despite what other people valued him at. Perhaps it was his old boss and coworkers’ treatment of him which made him realize that he was worth more; we’ll never know. But one thing that we do know for sure is that business mogul is now one of Business of Fashion’s top 500 most influential people and has invested nearly $400 million into Farfetch.com: the online place to buy luxury goods from 7,000 different sellers. See This Article for additional information.

 

Source Link: https://www.aacsb.edu/about/advocacy-and-awareness/member-challenges/influential-leaders/recipients/richard-qiangdong-liu

 

 

Vinod Gupta’s Ideas About Success

 

Vinod Gupta is a successful businessman who is noted for his work in the field of databases. Recently, Mr. Gupta shared some of his ideas about what success means to him and how others can achieve success in their lives.

Vinod Gupta is the Chairman of Everest Group LLC in Omaha, Nebraska. He was the founder, chairman and chief executive officer of Infogroup, a technology company and started the Vinod Gupta Charitable Foundation.

The first thing that Vinod Gupta believes that everyone should know about success is that it isn’t something that is achieved instantaneously. Virtually everyone who has achieved some measure of success in this life has had to put in a lot of hard work and effort.

According to Vinod Gupta, a major part of achieving success is taking at least some risks in life. One of the big risks that he took was leaving his home nation of India in order to come and study at the University of Nebraska. That risk paid off as Mr. Gupta has had a profitable career in the United States.

Mr. Gupta recommends that someone seeking success should go a little above what they are comfortable with. He wanted to create a database that was better than the one the company that he was working for was using. Little did Mr. Gupta know how much that would entail. He persevered, and it led to the creation of his multi-million dollar database business. Visit This Page for related information.

Although he is a successful businessman who continues to be very involved in the business world, Vinod Gupta also remembers to be charitable. Vinod Gupta believes that a truly successful person is one who gives back to the community and helps others so that they can achieve success in life as well.

Most importantly, Mr. Gupta recommends that one follow his or her bliss. Someone can only be truly successful in life if he or she is following a path that leads to happiness and fulfillment. Vinod Gupta likes to share his Lessons in Business for those that wants to be successful.

 

Source: https://gazetteday.com/2018/05/vinod-gupta-lessons-business/

 

 

Louis Chenevert’s Business Successes

Louis Chenevert is a former CEO of the United Technologies Corporation (UTC) as well as renowned Canadian businessman. UTC is an American multinational conglomerate that carries research and development as well as the manufacturing of high technology products. He spent 14 years serving at General Motors as the Production General Manager. In 1993, Louis Chenevert joined Pratt & Whitney a company based in Canada and was elected the president of the company six years down the line.

He was also elected as the Chairman of the UTC in March 2006. Louis also served as the Vice-Chairman of the Executive committee of the Business Council from 2011 to 2012. He decided to decline from the post of Chief Executive Officer of UTC on 8th December 2014. He then joined The Merchant Banking Division at Goldman’s Sachs where he acted as the Exclusive adviser. His important target was industrial in conjunction with the aerospace departments.

As the Chief executive Officer of the UTC, Louis Chenevert left a legacy since he played a very crucial role in this company. His set legacy of high standards that tough for the other CEOs to uphold. He managed to achieve some amazing feats such as making tremendous gains in the market while still in recession and acquiring Goodrich. His acquisition stands as his serial deal that stands for the business acumen in conjunction with extraordinary patience. This was because he spent over one year in negotiations before he got to 18.4 billion USD deal.

However, Louis Chenevert project, the GFT, is among the best in his list of accomplishments. This pet project was elected as an option for the establishment of Airbus Pratt & Whitney. This was a super influential group in the narrow-body jet engine market. He anticipated the establishment of the advanced materials which assisted in the growth of the engine. Regarding Louis, the concept of decoupling the fan had a significant potential for s payoff in both the larger and the latest designs. He aided UTC in meeting an investment commitment in high-quality technology that instills growth for the company today and develops manufacturing jobs to boost the United States Economy.

http://www.yachtingmagazine.com/louis-chenevert-horizon-yachts-P105-design

The Transition of JD.Com from Physical To Online Stores Through The Efforts Of Richard Liu Qiangdong

 

JD.Com is one of the leading retailers in China, distributing all kinds of products to customers globally through online marketing. This company was founded in 1998 by Richard Liu Qiangdong, who is the CEO and the principal of the organization. He has been running the organization with a lot of passion so that it can serve its customers to his expectations.

 

Richard Liu Qiangdong is one of the billionaires in the Republic of China whose career journey seemed to have taken a different route from what had been designed for it. At first, Richard Liu Qiangdong wanted to become a politician, and so when he joined college, he pursued a degree in sociology and political science. However, like any other youth in the country, getting some employment was not easy for him and so he decided to do something different that would bring him some cash.

 

In 1996, he started operating a hotel, which he began using some borrowed funds from his family. This business did not succeed as he had anticipated and hence he shut it down shortly after the sixth month of operation. Richard Liu Qiangdong then looked for some employment and wherever he got it, he was never rewarded as he would have expected. This challenged him to seek something different again that would provide him sufficient income that would cater to his needs and those of his fiancé. This was when he decided that he would make good use of some skills that he had learned in college where he had done an additional course in computer engineering. He began JingDong, a company that dealt with the sales of computer accessories and other tech devices.

 

However, Richard Liu came to learn a very crucial lesson in his career in 2003, when there was an outbreak of SARS. This outbreak limited the movement of both his workers and the customers. This affected the business negatively, and he decided that he would change the operation strategies of the company so that its sales would not be affected by such happenings in the future. He transitioned the business from physical stores to an online store, which serves customers globally, and named it JD.Com. Go To This Page to learn more.

 

More about Quiangdong on https://www.chinamoneynetwork.com/2018/10/18/jd-com-opens-up-its-logistics-network-to-users

AIA’s Robert Ivy-Advocate for Developing Professional Achievement Through Industry Organizations

Professional trade associations are a vital asset to both companies as well as individual professionals. Within these organizations there is the opportunity to connect with other professionals, in the same field, whether they are early in their career or have been a part of the industry for most of working life. Trade associations afford many perks such as networking opportunities, employment opportunities, educational opportunities and the chance to stand out in the field by competing for various industry-based awards. Learn more about Robert Ivy at zdnet.com.

Most Professional trade associations may seem to operate in the same manner but,it pays to do some research on the organization you are considering and it may even be beneficial to belong to a couple organizations. Especially when it comes to protecting the industry’s political interests.

According to Robert Ivy, Executive Vice President and CEO of The American Institute of Architects believes that a membership into a professional association shows that one is committed to their industry and stands out because of their affiliation, credibility and opportunities to gain recognition as a true professional and leader.

Learn more: https://www.bizjournals.com/washington/quick_news/2010/12/american-institute-of-architects-news.html 

Robert Ivy graduated from Tulane University with a Master’s of Architecture and also has a Bachelor’s of Arts in English from The University of the South,Sewanee. Robert Ivy began his career as the principal of Dean/Dale/Dean & Ivy in 1981 and in 1996, Ivy joined McGraw-Hill Construction Media as the Vice President and editorial director of The Architectural Record. In 2011,he was appointed Executive Vice President and CEO of The American Institute of Architects..

Robert Ivy is a world renowned architect and editor who has won several impressive awards including most recently, The Noel Polk Lifetime Achievement Award in April of this year, The Dean’s Medal from The University of Arkansas Fay Jones School of Architecture in 2017 and was the first architect of this century to be honored by Alpha Rho Chi, a national architecture fraternity.

Visit the website Architectural Record to learn more about Robert Ivy