Blockchain Technology | Business Leader | CEO | E-Commerce | JD.com | Jingdong

Richard Liu Qiangdong, An Industry Leader

December 28, 2018

In the world of E-Commerce, JD.com, also known as Jingdong is considered an industry leader in China, with revenue of 55 billion annually, and a member of the Global Fortune 500, the company’s success continues to grow. Currently, JD.com has over 300 million active users; the company utilizes technology, by using AI delivery drones, and Robotics, which is why they currently possess the largest drone delivery system. The Company continues to not only utilize but revolutionize the capabilities of AI technology, and has recently unveiled their first autonomous truck, which is guaranteed to drastically increase their profitability, and make the package delivery process a lot more convenient.

 

Jingdong was established in 1998 by Richard Liu, and with his direction, JD.com has grown to become one of the most successful E-commerce companies in the world, vowing to always put the customer first, and provide not only affordability but also offers customers quality assurance. Richard Liu Qiangdong was born in Suqian, Jiangsu, China, in 1974.

 

Liu has grown to become one of the wealthiest, most successful businessmen in Beijing. Mr. Liu studied sociology at the People’s University of China, and later went on to earn his Executive MBA, from China Europe International Business School, but Liu’s true passion was computer programming. He would later work as a programmer, after graduating; he went on to work at Japan Life, where he would serve as not only computer director, but also logistics supervisor.

 

When he established JingDong, it was originally located in the Industrial Park area of Beijing; his goal was to provide customers the best, most authentic products, at a time when the world was dominated by counterfeit goods. his business flourished. By 2003, he was operating more than 11 stores, but due to the SARS epidemic, his business suffered significantly, which ended up costing him over 8 million yuan. Get Related Information Here.

 

This was mainly the decision which led him to establish his website JD.com, which is now one of the most successful E-commerce businesses in the world. In 2014 JD.com went public, which grew 15% in only 6 months, which was one of the biggest NASDAQ growths that year.

 

Liu’s success is often compared to Jack Ma, founder of Alibaba, which is why he is considered to be one of the most prominent businessmen in China. Because of Liu’s success in selling other goods online, Liu Quiandong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

 

Related Reference: https://www.thecasecentre.org/students/products/view?id=148717