Learn How To Grow A Business From Richard Liu Qiangdong

 

If you follow the story behind the creation and growth of JD.com, you will notice that there are various things that you have to focus on when you want to grow your business. Just as Richard Liu Qiangdong changed his small shop in a little known town in China to a worldwide empire, you can also follow several principles to ensure that you do not remain stagnant in your investment. Liu sold magneto-optic products and had almost no customers to sustain his business. But he eventually found more than he dreamed of.

Changing your platform

Richard Liu had to change his business platform to get the number of customers that he wanted. He did not stick to his small rented shop. Instead of doing that, he chose to go online by creating an e-commerce website. Through the internet, he could reach people beyond his local town. His goods were now displayed to the entire world. Therefore, if you feel like you are stuck, think about the medium that you are using to sell. Maybe, it is that medium that is hampering your growth and therefore, it may be time to switch to something different.

Finding the right partners

After creating a website and listing his products, Richard Liu Qiangdong noticed that his popularity was growing, and many people wanted to be associated with his site. He did not just partner with anyone. Instead of that, he crafted a way of getting specific companies to list their products on his website. They would in return contribute to his earnings. It is true that the kinds of people that you choose will determine how successful you will be and so, you have to be careful. Always focus on partners that will add value to the company. Refer to This Article for related information.

 

After carefully investment and growth, Richard Liu is now among the world’s most valued people because JD.com is now over $12 million. In addition to that, he serves more than 100,000 customers from all over the world. If he had stuck to his small physical shop, he would never have realized the kind of success he enjoy today. He is an inspiration to many people who are struggling in their businesses.

 

See also: https://www.linkedin.com/in/richard-liu-45113b47?originalSubdomain=cn

 

Jingdong Partners With Rakuten To Enhance Delivery Operations

Jingdong also known as JD.com is the largest online retailer in China. The company provides the same and next day delivery for customers who order their products online. This illustrates a new level of technology in the world since most consumers are happy about the services rendered and how fast it is done.

The organization offers products ranging from food to electronics. Jingdong recently partnered with Rakuten who will help them in the delivery operations in Asia.

Rakuten is an innovation company in e-commerce that is known worldwide. JD’s agreement through Rakuten’s delivery drones and robots will help Jingdong improve its operations in China and Japan. Jingdong or more commonly known today as JD.com will use its knowledge in creating delivery robots and drones and Rakuten with its delivery service to cater for most situations and applications in all continents. Rakuten launched its delivery program in 2016 and partners with local authorities to improve their knowledge.

In 2018, Rakuten launched its first delivery in Japan with the aim of curbing the challenge associated with transportation in the logistics sector. The Group Managing Executive Officer of Rakuten, Koji Ando says that this partnership will help in the acceleration of innovation in the logistics department in Japan and China as well. If this happens, the lifestyle of the citizens will improve significantly offering convenience to all. The drones are to play a crucial role in delivering goods in the mountainous areas of Japan. See Related Link for additional information.

JD.com launched its first delivery in rural China in 2016. Since then, the company’s drones have done more than 6500 hours of flight time. The company now operates in several provinces in China including Shaanxi and Jiangsu. At the start of this year, JD announced the first government-approved drone test flight in Indonesia. This is a significant milestone that could lead to the operation of the robots all over Asia.

The drones are frequently seen in university campuses and parks around China. Jingdong recently established two delivery stations in Changsha and Hohhot cities to increase the delivery of products to their respective users. Through the company’s operations for more than two years, Jun Xiao the president of JD.com innovation says their mission is to make logistics more cost effective and accessible to all citizens. This partnership will help in innovation and customer satisfaction in society.

 

Visit: https://boards.greenhouse.io/jdcom

 

 

 

Richard Liu Qiangdong: After The SARS Outbreak

 

It’s normal for entrepreneurs to have some failures under their belts. In a way, failure makes an entrepreneur what he or she is willing to become. Some fail and choose to give up and take crappy jobs with companies they don’t want to work at. Others learn from their failures or turn them into victories.

Richard Liu Qiangdong is an entrepreneur that learned from one failure and overcame another. Liu Qiangdong began as a graduate with a degree in sociology. He wanted a job in politics but quickly discovered no role in politics offered enough money.

After graduating from Renmin University, Liu Qiangdong learned that his grandmother was sick and needed expensive treatment. Since politics couldn’t offer the money he needed, he learned how to program computers and started working as a freelance code worker. That earned him enough money to pay for his grandmother’s treatment and pursue his new dream.

The freedom and monetary benefits of freelance work made Liu Qiangdong want to own and operate his own business. He started working toward an EMBA from the China Europe International Business School while continuing his freelance work. After saving enough money, he took his first shot at being his own boss.

His first shot at entrepreneurship was through restaurant ownership. Liu Qiangdong greatly underestimated how much work it takes to run a restaurant successfully. He tried to get away with only dedicating two hours of his time to running the business every week. See This Page for more information.

The restaurant failed miserably and taught Liu Qiangdong that entrepreneurship requires full dedication. While still in school, he set his entrepreneurial dreams aside and focused on learning everything he could. Even after graduating, he took a job at a health products company and continued learning. Finally, in 1998, he gave entrepreneurship another try.

Liu Qiangdong opened the first “Jingdong” in Beijing in a four-square-meter store. He sold magneto-optical products and found great success in doing so. By 2003, the SARS outbreak made him rethink his business, and JD.com was the result.

 

More about Liu Qiangdong on https://jingdaily.com/tag/liu-qiangdong/

Richard Liu Qiangdong, CEO, Founder, And Chairman Of JD.Com

 

Richard Liu Qiangdong also referred to as Richard Liu is a Chinese entrepreneur and founder of JD.com or as known by many as JingDong Mall, the largest retail store in China. He studied at the Universe of Renmin in Beijing, China and graduated with a degree in sociology in the year 1996. He ventured mostly in business despite studying sociology.

Entrepreneurship

Richard Liu’s first involvement into business started with a restaurant project, which failed after some few months. He later moved into trading health products. The health trade business never succeeded, and in 1998, he ventured into computer business selling spares and other accessories.

Richard Liu Qiangdong’s computer business grew fast and steadily developing into 12 stores in China. But in 2003, the market was affected by an epidemic that stroke China, causing deterioration of his customers. With such, Richard Liu together with his 12 stores manager came up with online shopping and delivery to clients whenever they are anywhere in China. In 2004, Jingdong Mall was established and grew into the largest retail store in China serving clients globally.

About JD.com

According to Richard Liu, JD.com has over 1 billion different products and over one hundred and sixty thousand employees. The firm started from a small IT product online retail business offering local deliveries into a megastore with millions of different products shipping to hundreds of countries worldwide. According to Richard Liu Qiangdong interview in Dallas, TX, Jingdong is the largest and more reliable business compared to other competitive stores.

His primary goal is to expand the business into Europe, America, and Southeast Asia and to introduce new goods to the e-commerce occupation worldwide. Richard Liu also aims at opening different stores in other regions in the world bringing in good quality products and improving deliveries by minimizing the period of product delivery to customers mostly China.

Personal Life and Other Ventures

Richard Liu Qiangdong got married with two children and two sisters, one being a teacher and another being student. He also loves touring deserts having toured all deserts in China, swimming and walking fast as being his doings during free time. He also likes working on donations for disadvantaged groups. Go Here for related Information.

 

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