Being the owner of China’s largest e-commerce store JD.com, Liu Qiangdong is one of the most influential people in the world. He is also one of the most successful entrepreneurs in the world. After successfully finishing his degree in Sociology at Renmin University, his journey in making JD.com started. Speaking on the Web Forum at Davos, Switzerland, Richard Liu Qiangdong shared the history of JD and its plans in the future.
JD.com’s Name And Origin
JD or Jingdong started out as a small business after Richard Liu Qiangdong left his work at Japan Life. He revealed that the name of the company comes from his last name and the first name of his girlfriend back then. The early Jingdong used to sell computer parts and was quite successful back then, having 12 physical shops throughout the country. However, the SARS outbreak forced the shop to shut down its 12 branches and move on to online selling. Because of Richard Liu’s experience in web development, he later made JD an online selling site. Get Additional Information Here.
JingDong’s Secret To Success
Richard Liu revealed the success to JD.com’s secret: quality products. He revealed that he and his company offers their customers the best products that they can get. In addition, their logistics is one of the best in the world, promising only six hours of a wait after the order was made whenever and whichever it might be in China.
What is JingDong’s Plan In The future?
Being wealthy is one of the perks of owning one of the biggest retail stores in the world. However, for Richard Liu Qiangdong, the big responsibility that comes with big wealth will humble down any individual. The bigger your wealth is, the bigger your sense of responsibility would be.
In the future, JD.com plans to be the best e-commerce store in China. In addition, he also plans to expand his business in South East Asia, Middle East, Europe, and America. When asked about Walmart, his greatest rival in the US, Richard Liu is confident that the quality of goods offered by JingDong is enough to steal the competition.