Push but lack, Richard Liu had to work very hard to make money enough to at least cater for the basic things in life. Life had its own twists and turns as he failed in most of the business ventures he got into as a young adult. While in college, he established a restaurant that closed down, began selling healthy products but this too collapsed, sold electronics accessories and due to economic dynamics Liu Quiangdong had to either closed down or reinvent. He opted for the latter, and began selling things online, major to dispose his stock although this lead to the launch of JD.com after he observed how profitable online business had become of.
E-commerce was the way to go. Other than following classical rules in the trade, he went through a learning curve and observed that online business would do better is customers were given right information about quality, pricing and size. This gave JD.com an upper hand over other competitors. Today, the platform has over 500 logistics centers with the site committing to almost impromptu service delivery ranging from 6-20-hour subject to the location of the client. Customers are accorded uniform attention regardless of the quantity of order made.
Richard Liu during a recent interview at the World Economic Forum he agreed that he is indeed very wealthy. He however feels that Jd.com has actually made him more responsible as he has to effectively manage the store in addition to expanding the clientele.
About Richard Liu Qiangdong
Richard Liu Qiangdong is a Chinese by nationality and known to being an entrepreneur. His early life was not easy as he was raised up by an ailing grandmother who he had to work very hard to raise money for her medication. After successfully going through Renmin University which is in Beijing China Richard Liu was focused on becoming successful. Liu Quiangdong ventured into business, with failures of course and his big break came after the launch of JD.com that was well received in the market. Today, he takes pride in what he has achieved and his ability to compete with brands that have been in existence longer. See Related Link for additional information.
Source link: https://www.wealthx.com/dossier/qiangdong-liu/
In a monumental announcement at the 2018 JD Logistics Global Smart Supply Chain Summit in Beijing, retailer giant JD.com, also known as Jinggong Mall has put forward the process of building a research in Xiongan, China to better understand and innovate the way automation technology is interwind in the future smart cities of China.
“The Urban Smart Logistics Institute” as it will be named will focus primarily first on improving big data and cloud-based platforms to more efficiently carry out orders for distributors and other types of consumers. JD.com has stated that his program will be run by some of the best institutes and experts in the field of logistics. A few names who have already jumped on the project will be the Shanghai Municipal Engineering Design Institute, Nankai University and Beijing Wuzi University with many more to come.
So, why the sudden push for this institute by JD.com? According to research, the increasing growth of the Chinese market has also brought along an increase of freight vehicles on their streets. The increase of freight vehicles has caused emission levels to rise in neighborhoods which have caused damage effects on the environment. The main goal of the institute will be to find a more efficient and environmentally framework for these vehicles. See Related Link to learn more.
The first route that the institute will study will be if they can utilize the current underground infrastructure. This would relieve traffic above ground and create a faster motive of transportation of goods. Engineer Chen Xiangsheng stated that the best smart cities are the ones that can utilize every available spaces and resource they have.
JD.com is no stranger to innovation, as China’s largest retailer it has been a source of constant innovation, in fact, JD.com holds the world’s only fully-automated fulfillment center. China’s growth will continue, and JD.com with their new research institute will be there every step of the way to see that everyone grows with it.
Watch their video on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA
JD .com is an online shopping mall that deals in electronics and many other commodities. It was started by a Chinese entrepreneur called Richard Liu Qiangdong. JD.com was mainly created to curb the inaccessibility challenge that the business was facing. Richard thought it wise to conduct business online and have products delivered to clients worldwide. This way, he would be able to reach a wider market and at a faster rate making more profit. The company greatly relies on the internet. Employees have the responsibility of updating the company’s profile and website. Clients can then access the shop’s website easily and conveniently as the app is available to even mobile sets.
One of their major breakthroughs of JD.com came in when Gieves &Hawkes opened a store on Jingdong. Gieves & Hawkes is a prestigious brand well known for dressing celebrities including Prince William. Kent & Curwen that partners with David Beckham also has a store on Jingdong. With these and more prestigious brands on board, the online shopping mall is growing to greater achievements in the investment industry.
The company has always been cautious when it comes to taking care of the environment. Being an online venture, delivery is a major part of transaction. Recently, JD.com launched packaging products that can be used over and over again. This way, their packaging will not be a source of pollution to the environment as clients will reuse them rather than disposing them off. In order to promote the use of these boxes that customers return to JD.com after receiving their orders, the shop awards points that can be redeemed for items at the shop.
Jingdong is also trying to ensure that their delivery vehicles emit very minimal carbon in the air during transportation. For this reason, the company uses hydrogen powered cars. These cars have been seen operating in Shanghai. Mid this year, they also purchased around fifty vehicles that are solar powered. All these efforts are geared towards ensuring a pollution free delivery process. See Related Link for more information.
Jingdong has gone further by launching an institute to help control traffic and regulate the pollution vehicles cause in urban areas. The e-commerce giant has been faithful to implementing green practices in their logistics network, having rolled out the Green Stream Initiative back in 2017
Related reference link: https://www.digitalcommerce360.com/2018/08/29/jd-turns-to-google-walmart-to-build-global-e-commerce-empire/
This is the largest retail company in China, online and overall. It is only the leading online or internet company in terms of revenue, making it a Fortune Global Five Hundred member. JD.com stands out from other online retailers because it’s quality services, commitment to authenticity and it’s wide product and service range. It’s products include and are not limited to food, cosmetics, and electronics. The level and speed of delivery that JD.com works with are unmatched worldwide. Its market area is over a billion clients and the networks operate on the same-day and next-day delivery principles. JD.com also includes a variety of payment services to suit different types of clients.
A brief history on JD.com.
The company was founded in 1998 by Liu Qiangdong as a brick and mortar retail store but went online in 2004. Before it was known as Jingdong or JD.com, the company went by 360buy. When it started it’s online endeavors, the company was a magneto-optical store. Jingdong later diversified it’s sales to electronics, computers and computer peripherals, mobile phones and other devices in the same category. In the month of June 2007, the name changes to 360buy.com and later to JD.com in 2013 a move that was worth over 5 million us dollars. It was the same move that later becomes the biggest and toughest competition for Alibaba.com.
Jingdong Mall is the highest user of technology and artificial intelligence in the delivery of its products. It utilizes drones, robots and other autonomous technologies in its operations. This use of technology has also made the company have the biggest drone system or infrastructure and capabilities in the world.
Expansion and growth.
Due to its commitment to quality and use of high-level technology, Jingdong Mall has grown rapidly over the years. It spread its market, by increasing the variety of products throughout China and as of this year, JD.com is in Vietnam, France, and the UK. The e-commerce giant plans to set it’s footprint further in the years to come. The GMV of the company has been increasing very financial year i.e. in 2011 it was RMB 32.7 billion, in 2012 73.3 billion, in 2013 125.5 billion, in 2014 260.2 billion, in 2015 462.7 billion and in 2016 the GMV was 658.2 billion. With this steady growth in GMV, the company is sure to spread its print. Go Here to learn more.