Richard Liu Qiangdong Outlines His Grand Plans for JD.com At Davos, Switzerland

 

Richard Liu Qiangdong made an appearance in this year’s World Economic Forum, which was held in Davos, Switzerland. The celebrated Founder and Chief Executive Officer of JD.com spoke to high profile gatherings of fellow prominent business personalities and media houses from across the world. In all his speeches and interviews, Richard Liu explained his grand plans to take JD.com to the next business level in the coming days. Currently, JD.com is one of the leading e-commerce retailers in China.

 

In one occasion, Richard Liu Qiangdong addressed a gathering of 50 prominent businessmen and women at a lunch event. Among those in attendance included the Chief Executive Officer of Adidas Group, Kasper Rorsted and the chief of Walmart in the United States, Greg Foran. Speaking in his refined English, he informed the gathering of his plans to expand JD’s coverage of the European market. Richard Liu Qiangdong confirmed that plans are in top gear to secure partnerships with leading European retailers. Through the partnerships, JD will grant leading European brands access to its online platform and logistics network. In return, JD will have access to the markets in which the partners operate.

 

According to Liu Qiangdong, JD will introduce superior European brands into the Chinese market through its cutting-edge online platform. At the same time, the company will market leading Chinese brands into the European markets. This way, customers will afford the comfort of buying products of their choice without necessary traveling out of their country. Liu expressed his confidence that JD.com will bring a revolution in e-commerce within the next ten years.

 

In a separate event at Davos, Richard Liu Qiangdong disclosed to CBNC JD.com is planning to take its logistics business public. He also said that the company is considering a dual listing. Dual listing happens when a company trades its shares in multiple stock exchange markets. According to Liu, the move will give investors an upper hand regarding flexibility and increase the liquidity of the stocks. View More Information Here.

 

Even though the CEO did not state the exact time when the listing will take place, he hinted at the possibility of the initial public offer happening by the end of the year. Additionally, Richard Liu confirmed that the listing of the logistics business, which is currently owned by JD International Ltd, will take place in either mainland China or Hong Kong.

 

Learn more about Qiangdong on https://www.sentaclinic.com/dr-richard-liu/