Richard Liu Qiangdong started a storefront in 1998 after leaving a company called Japan Life. At Japan Life, Richard Liu worked with natural supplements, and he was able to become the Director of Computers. Richard Liu started a storefront that he sold magneto-optical products. He provided good customer service at the new storefront that was called Jingdong. Richard Liu was able to make it easy for customers to carry out transactions. He decided to sell quality products, and it helped Richard Liu build trust with his customers.
Richard Liu Qiangdong took nearly five years to make Jingdong a profitable business. Richard Liu expanded the business to twelve storefronts. Jingdong remained successful but would switch to an e-commerce platform and change its’ name to 360Buy. There was a shift in how people shop, and in 2003, there was an outbreak of a disease called SARS that influenced the shift to an online storefront.
Two years later, Richard Liu Qiangdong closed all of his physical storefronts. Richard Liu ensured that there is good customer service to help his business become successful. Richard Liu Qiangdong would change the name to JD.com and would partner with businesses who were looking to sell products. JD.com would begin to sell more luxury products and brand name products. Go To This Page for related information.
Richard Liu Qiangdong improved shipping with the use of drones. The drones will be able to serve customers who live remotely, and it created shipping options that would allow customers to get their packages on the same day or the next day. Richard Liu has been able to leverage its’ partnership with Walmart to become more successful. Google also would also invest in JD.com.
Richard Liu would have JD.com increase in value by 15 percent after its’ listing on the NASDAQ. JD.com listing on NASDAQ would be first for a company located in China. Google made an investment in JD.com. Google is not the only high-profile company involved with a company led by Richard Liu there is a partnership with Walmart that is helpful. Richard Liu has plans to expand into a location such as Europe to continue the success of JD.com.
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.
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