Richard Liu The Founder Of JingDong Mall, JD.com

 

Richard Liu Qiangdong is a highly prolific businessman in China who plays a vital role in e-commerce businesses. He is the founder and the chief executive officer of JingDong Mall also known as JD.com. JD.COM is the leading e-commerce platform in the world which allows customers from China mainly to purchase goods and products from the comfort of their homes. The company has a good reputation in China and the Asia continent at large. It was launched in the year 2004.

Before launching the platform, Richard Liu used to possess a physical mall known as JingDong Mall whose initial name was 360buy. The mall was founded back in 1998 where he used to sell and supply magneto-optical products. Richard Liu is a highly skilled and professional person with a bachelor’s degree in sociology and master’s degree in computer programming. He received the bachelor’s degree from the University of China and the master’s degree from the international university of Europe and China.

He is well known in China as the pioneer of online shopping. Liu started practicing business while he was still a university student and he began by starting by a restaurant venture which collapsed a few months after its establishment. He then left the business and started working after completing his studies with one Japanese health product company as a director of business and computers. See This Page for additional information.

After working with the company for some years, chard Liu started his own business, and he opened the Jing dong mall. His business was thriving and performing excellently until the year 2003 when it recorded poor performance and as result losses. This was due to the SARS outbreak which had affected the country that year. The outbreak forced clients and staff to stay indoors, and this forced Rich Liu to think outside the brackets.

In the year 2003, Richard Liu designed a website from which the customers could buy their items at the comfort of their houses and get delivered. In 2004, Liu entirely transformed his business into an online one and called it JD.com. It was the first platform for conducting online shopping.

 

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

 

The Beginnings Of Richard Liu Qiangdong And JD.com

 

Richard Liu is one of the world’s most successful entrepreneurs. Valued by Forbes at a net worth of $11 billion, firmly establishing Richard Liu Qiangdong as one of the wealthiest people on planet Earth, the business magnate is known for his creation, expansion, and near-flawless operation of Jingdong, one of China’s largest e-commerce platforms.

JD.com, also known as JD or JingDong Mall, was born in 1998 as a brick-and-mortar electronics retailer based in Beijing, China. In 2003, the company had 12 locations. The next year, Liu opened JD.com – the rest is history.

The beginnings of JD.com

In 2004, Richard Liu’s company didn’t have the oodles of cash available that it currently does, limiting its ability to purchase goods to stock the company’s beginning inventory. At first, Jingdong began selling computer products that were often part of companies’ information technology infrastructures. Next came digital goods and mobile phones. Shortly after JD.com began stocking mobile phones, digital products, and a greater variety of computers.

Six years after Jingdong migrated into the online retail sector, JingDong Mall was fully stocked with all kinds of products.

Though Richard Liu Qiangdong wasn’t sure if his business would perform well after it became a tried-and-true, real-deal e-commerce platform instead of a retailer of electronics, the switch proved to be the best move of Richard Liu’s career. Go Here to learn more.

Here’s where JD.com stands today

Jingdong is currently valued at slightly less than $60 billion. The company also employs some 170,000 people. The company operates several subsidiaries and offshoots of its core business, such as JD Finance and JD Worldwide.

In mid-2014, Richard Liu Qiangdong managed to have JD listed on the NASDAQ Stock Exchange in New York City, New York. Jingdong was the first e-commerce platform from China to have its shares of ownership publicly traded on an American market. Just two months after the news from NASDAQ came, JD Finance pumped out a secure crowdfunding platform that remains one of the most popular in China.

Under the guidance of Richard Liu, JD Worldwide began importing products under its brand-new, international e-commerce platform that was separate from JD.com.

 

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