Richard Liu Qiangdong: The Success Of JD.com Explored

 

What determines a successful company? Is it just about how much money the company makes or is it something more? If it’s just about money, then JD.com is very successful; currently valued at more than $57 billion. If it’s about something more, then JD.com is still very successful; having survived one of China’s darkest hours.

The history of JD.com’s ups and downs starts with the company’s founder and current CEO, Richard Liu Qiangdong. Richard Liu comes from an extremely humble background; his family was impoverished. His parents owned their own business but didn’t make much shipping coal from north to south.

When Richard Liu went to college, he earned attendance at Renmin University and graduated with a Sociology degree. Initially, he planned to pursue a career in politics, but his grandmother’s illness derailed that pursuit. Instead, he learned computer programming and worked as a freelance code writer to make enough money to pay for her treatment.

Working as a freelancer gave him a taste for being his own boss. He focused more on pursuing entrepreneurial ventures even after his grandmother received her treatment. Liu’s newfound passion led him to business school where he earned an EMBA.

While attending the China Europe International Business School, he bought a restaurant as a first attempt at owning his own business. The restaurant failed miserably, as he only devoted two hours a week to operations. After that, he took a job at Japan Life, where he worked for two years. Go Here for more information.

In 1998, he opened another business, which he named Jingdong. Jingdong was more successful than the restaurant, and by 2003, he had 12 stores through the Beijing region. Unfortunately, 2003 also brought the SARS outbreak that shut down many of China’s retailers.

Not one for giving up, Richard Liu moved Jingdong online and renamed it JD.com. He added more products and created a delivery system that allowed customers to receive their purchased items in 24 hours or less; many received their packages within six hours.

Due to his hard work throughout the years, Mr. Qiangdong has managed to accrue a few important accolades over the years. One of these incredibly amazing awards was the “2017 Variety500 Honoree” in the variety honors. JD.com is currently well over $44 billion in worth which is looking to continue growing upwards with time.

 

JD.com Launches Two Smart Delivery Stations Ahead Of The Consumer Electronics Showcase (CES) Event

 

JD.com is the largest retailer in China, where it concentrates on the cutting-edge technology. As part of its high tech works, the company recently launched two of the most advanced smart delivery facilities located in the city of Hohhot and Changsha. The two stations will be piloting the staff training and solving issues regarding mile delivery.

With this JD.com intends to ease the delivery of parcels by using smart vehicle robots to transport them to distances of up to 5-kilometer radius. What’s more, the vehicles are designed with the latest technology where they can avoid obstacles, plan the routes to be used, and even adhere to the traffic lights rules. Besides, the technology used will have facial recognition for improved security for users collecting the parcels, where they will transport over 2000 packages daily.

 

What the JD.com Firm Intends to Show Case at the CES Event

JD.com intends to showcase its cutting-edge technology delivery system at Las Vegas, Nevada, which will be the world’s largest technology and innovation event. Moreover, JD’s technology is already transforming the shopping style in China where the showcase of their advancement in technology is set to revolutionize the global business at large.

Also, JD.com will again demonstrate how drones can be used to deliver medical supplies or any kind of goods in remote places in China. In a nutshell, this will be an ultimate glimpse of the complete automated system of the fulfilment center of how cutting-edge technology will change how delivery will work in cities. Go Here for more information.

Further, the audience of the CES will be given a chance to test the future technology at first hand in the firm’s interactive booth. This will include an up-close experience of drones in virtual reality aside from seeing how the company’s augmented styling software and reality fitting works.

Furthermore, JD.com’s “Internet of Things” technology will also be showcased where the CES attendees can be shown how consumers of the products can use their smart devices remotely from the comfort of their homes or cars. Better still, special exoskeleton attire will also be shown at the CES where the attendees can experience how it works when the JD.com staff use it in lifting heavy objects.

In addition, Chen Zhang, the Chief Technology Officer of JD.com that started in 1998 stated, that the firm is ready to open up its business to other companies as they embrace the automated features of innovative technology.

 

Related article: https://jdcorporateblog.com/jd-delivery-stations-get-smart-ahead-of-ces-debut/

 

Breakthrough Indonesian Drone Flight For Jingdong

 

An innovative leader, JD.com is China’s largest retailer that has made a historic first drone flight in Indonesia. Dubbed a breakthrough for delivery via drone in Southeast Asia, with new regulation approval, this flight may pave the way for commercial drone use in not only Indonesia but in other parts of Southeast Asia.

There were agents from various agencies such as Civil Aviation and Air Navigation and Indonesia’s Ministry of Transportation on hand to witness the event. News of the breakthrough drone flight was also announced at the World Economic Forum Annual Meeting.

On the 8th of January, 2019 the test flight from Jagabita Village in Parung Panjang to MIS Nurul Falah Leles Elementary School was completed. The test flight made a delivery of books and backpacks to happy students who soon asked when deliveries could be made to their homes. This delivery was part of a greater donation of school supplies from Jingdong. JD has a history of philanthropy, often supporting people immediately after various disasters in China.

Jingdong and JD.ID are pioneers in providing the highest quality e-commerce to Indonesia, serving more than 20 million customers across Indonesia. Their logistics network includes ten warehouses that cover more than 480 cities and they are using this expansive network to meet their goal of being able to deliver more than 80% of their orders on the same or next day. In keeping with their philanthropic goals, JD.ID is also leveraging their logistics and other tools and resources to support humanitarian aid efforts such as earthquake disaster relief.

JD.com Chief Strategy Officer, Jon Liao says “We have been using drones for real deliveries in China for over two years now, and have seen the profound impact that the technology can have on people’s lives around the country. We look forward to working closely with WEF and the Indonesian government to realize the full potential of this technology, and provide more convenience to Indonesian citizens.” Get Related Information Here.

 

Visit: https://www.jd.ru/

 

Jingdong–A Technology Leader

In recent years, it has come to the attention of citizens around the world that the medicinal drugs approved by the highest officials may not be in our best interest. While some medications are unsafe, few pharmaceutical companies are taking the initiative to enhance their protocols to ensure the safety of their customers.

 

Otherwise as Jingdong Mall, JD.com has taken the lead in providing technology that will enhance transparency in regard to how pharmaceutical companies operate.

 

At Beijing’s Big Data Summit in 2018, JD broadcasted the debut of their “Medicine Open Tracking Solution”. The hope is that the new technology created by JD will help to establish the legitimacy of several medicines currently being prescribed in China.

 

This technology is very necessary as there have been several recent instances of pharmaceutical products being used that were deemed below the standards of current safety regulations. The “Medicine Open Tracking Solution” keeps tabs on medicine from the manufacturing location to the doctor’s office or pharmacy. Having this technology in place will increase the likelihood of proper handling. In addition, it will increase the likelihood that those with poor intent are held responsible for the mismanagement of pharmaceutical drugs.

 

In order to make the Medicine Open Tracking Solution available to a wider audience, JD.com has teamed with several companies that will ensure this technology is obtainable. Companies responsible for developing medical software in addition to organizations famous for the development of hardware have joined JD to create the essential devices necessary to maintain the transparency that the Medicine Open Tracking Solution is known for.

 

New medications are created every day and, unfortunately, medications often fall into the wrong hands. They may expire or be otherwise unsafe. While technology can never replace the interaction between human beings, it is important to note that technology can create enhancements where humans often err. JD is a company dedicated to advancements that will benefit the entire country of China and beyond. Go Here for additional information.

 

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Richard Liu Qiangdong And The World Of Commerce

Introduction

 

The business cycle has recessions and periods of boom. Boom happens when there is increased economic activity; that is, consumers are willing to spend, and firms are ready to provide the goods and services. With this in mind, it’s important to think of ways to sustain a well-managed and competitive economy that is open to growth and development. After carefully analyzing the work of Richard Liu Qiangdong, it is possible to know where exactly to draw the line when it comes to achieving a major breakthrough in business.

 

Owning one of the biggest e-commerce platforms ever created, Richard Liu Qiangdong has outdone himself, leaving behind a legacy that everyone can learn from.

 

How it all Started

 

As the founder and C.E.O of the world-known JD.com, Mr. Richard Liu Qiangdong has garnered a lot of wealth. According to the Forbes list of billionaires, Richard Liu Qiangdong is now recorded to have attained a net worth of eleven billion dollars. Looking through his life and career, Richard Liu Qiangdong first began working for his parents in a small company. Thereafter, he joined the university in Beijing and started a restaurant during his 3rd academic year.

 

Later on, Richard Liu Qiangdong began selling computer accessories and expanded his business. Due to unforeseen circumstances, Richard Liu Qiangdong and his team had to close all their twelve stores. However, he didn’t leave completely. He decided to take his business online.

 

Hence JD.com was born. The business model was designed in such a way that it allowed employees to work from home while the bosses stayed at the offices. Go To This Page for additional information.

 

 

Conclusion

 

It’s wise to say that running a business comes with its challenges. One ought to overcome those barriers if they want to have a successful venture. Richard Liu Qiangdong’s story proves that with a little innovation and thinking outside the box, you can turn a struggling business around.

 

 

More about Richard Liu Qiangdong on https://www.forbes.com/profile/liu-qiangdong/#711217232c0d

HOW JD.com IS REVOLUTIONIZING ONLINE MARKETING

JingDong is the largest e-commerce company by revenue in China. The company is a member of Fortune Global 500 and has recorded tremendous growth since it launched JD.com, in 2011.

 

JD.com is a user-friendly and content-rich website that provides consumers with an enjoyable online experience.

JingDong launched the JD Cloud Warehouse Management Solution in December 2017. The new initiative is a cloud-based supply chain management system that upgrades existing warehousing solutions by incorporating JD’s supply chain capability.

 

Through JD Cloud Warehouse Management Solution, JD.com has made it possible for small and medium-sized companies to increase their customer base and the orders they get at the same time improving efficiency. In this way, these companies can, in turn, lease their physical and unutilized warehouse spaces to other parties.

 

In the beginning, JD designed this solution to help cater to its vast logistics network in the regions that it operates in. JingDong is an online and offline retailer that recently launched a parcel delivery service that serves both business and residential addresses. Get More Information Here.

 

JD.com proprietary supply chain management technology has made it possible for the company to do deliveries for over 90% of JD.com orders in 48 hours.

 

300 million customers are at th service of JD. This has seen the company increase its Gross Merchandise Volume from RMB32.7 billion in 2011 to RMB658.2 billion in 2016.

 

JD is a technology-driven company and therefore has banked heavily on running its operations on a highly scalable technology platform which helps move products and services at unprecedented speeds thereby distracting traditional supply chain methods which move at a slower rate, cumbersome and are built for a more predictable market base.

 

JD.com has made it possible for companies that produce various types of products and the ever demanding consumers who need to get the products to have a common platform on which they can conduct their business.

 

Recently, Gieves & Hawkes, a British brand that manufactures bespoke menswear opened a flagship store on JD.com.It is the fourth member of the Hong Kong-based Ruyi’s trinity group that has partnered with JD.com to allow consumers access to tailor-made services through JD luxury delivery services and logistics network.

 

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