Richard Liu Qiangdong the founder and CEO of the largest e-commerce platform in China known as JD.com. Richard Liu graduated in 1996 from Renmin University which is among the best Universities in China with a degree in sociology. After graduating, he joined China Europe International Business School with Executive Master of Business Administration.
After completing his studies, he was employed in Japan by a health product company for two years playing various roles including director for business and computers. Richard Liu later left the employment job and started his shop selling magneto-optical products. Among his successful business is JD.com which it`s estimated to worth is $57.6 billion and according to Forbes Richard Liu is reported to worth over $11 billion a total net worth.
“An insight, An Idea with Richard Liu” interview:
Richard Liu begins with a brief history of his successful journey to where he is now. He founded JD.com from a humble background naming it from his first girlfriend’s name and his last name. He was motivated to work hard to meet the need of his family where his parent was ailing. Richard Liu Qiangdong says his biggest competitor is himself as he strives to be a better person today than he was yesterday.
Liu`s products are the best compared to their business competitors because of their standardizing cost and efficiency in production and accessibility. They utilize warehouses where they keep their products which helps them to regulate and control market prices and demand.
Richard Liu believes in 10 years to come; his e-commerce company will be the leading in China and globally topping the likes of Amazon. Richard Liu values family bond saying it`s his proudest achievement in his life.
During his free time, Richard Liu likes swimming, reading, and traveling. He usually wakes up at around 7.30 AM, prepares for general managers meeting and afterward sets ready to respond to his emails. Go To This Page for more information.
He recommends people to purchase electronic goods through his e-commerce site for they take less than 6 hours for delivery. He also names his company shares as the best to invest on as investors are assured of profit outcome
With levels of waste pollution increasing at an alarming rate in China due to the high rate of industrialization, companies in the country are adopting and implementing eco-friendly policies in their businesses. JD.com, also known as Jingdong Mall; China’s largest and most profitable e-retailer is leading the transition by adopting a reusable eco-friendly packaging model. JD.com delivers millions of products to customers across China every day, making their efforts to work towards reusable packaging a necessary and urgent move.
According to Jingdong, the program will not only reduce environmental pollution but also cut the operational cost of last-mile delivery. JD.com adds that their new packaging system will save the company more than 32.5 million RMB annually if 10% of the orders are delivered using the reusable packing model.
The cost of operation is projected to drastically lower in the near future as more customers approve of the system while Jingdong rolls out the model in as many cities in China. Already, the packaging model has been employed in large cities such as Shenzhen, Guangzhou, Shanghai, and Beijing. As more people are rallying behind the green environment idea, more JD.com ’s customers are opting for the reusable packaging when making their orders. The company projects to deploy the model in more than 25 cities as the year comes to a close.
In an effort to motivate more clients to embrace the reusable packaging model, Jingdong offers redeemable loyalty points to those who opt for the model. Customers who chose the model are required to surrender the green box that houses their order to the delivery person, upon receipt of the order. The green box can be used to package sizable items such as makeup, jewelry, cell phones, watches, and selected medium-sized electronics. It gets better because the box can be reused for almost ten times before it is disposed of. This saves Jingdong massive amount of resources and time because almost every other product, other than fresh food, can utilize the model. Refer to This Article to learn more.
More about JD.com
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. Jingdong aims at replacing 50% of their plastic packing materials with biodegradable ones, as well as having more than 80% of recyclable packaging material, in the next two years.
More about Jingdong on https://cn.nytimes.com/technology/20180619/google-china-jd-com/
JD.com is teaming up with Thai retail conglomerate Central Group in order to further expand into Southeast Asia. The collaboration will be called the JD Central e-commerce platform. JD already has a little presence in the region with an e-commerce platform in Indonesia and an investment in Tiki. JD Central is set to open on September 28. It opened for testing on June 18. The new platform has direct sales and marketing models.
Sales have already boosted since the test run. The categories on the platform range from electronics, to fast moving consumer goods, fashion, books, music, and much more. As of now, roughly 80% of the site’s visitors have accessed the site on their cell phones. On the cell phones, the top sellers are fashion items and fast moving consumer goods. Chinese companies are among the most popular brands on the site. Those top brands are Huawei, Xiaomi, Lenovo, and OnePlus.
If there is an equivalent for the “Amazon of China”, Jingdong Mall is the best candidate.
How JD.com Created The New Platform
JD has used its own technology to create one of the world’s best retail operations. It now adds a top of the line logistics expertise and the fastest delivery to Thai consumers. JD Central’s warehouses are managed by JD.com’s warehouse management system. Same-day delivery will soon arrive at the Bangkok area. Using its partners in the local delivery service the new e-commerce platform will also provide nationwide coverage.
How JD.com Feels About The New Addition
JD Central’s CEO Vincent Yang says the company is thrilled to be moving forward with providing service in Southeast Asia. Central Group and JD.com; also known as Jingdong, have a very unique partnership and Thai consumers will experience the best e-commerce with a 100% guarantee of product authenticity. Leading brands are already signing on to support JD Central in reaching Thai consumers. Popular Chinese apparel retailer Vipshop has already be added to the platform. Click Here to learn more.
See Also https://www.gizmochina.com/2018/06/22/googles-550-million-investment-in-jingdong-could-see-its-hardware-products-selling-on-jd-com/