Richard Liu Qiangdong: From Early Years to Current Entrepreneurship

 

It’s unclear of what Richard Liu Qiangdong birth date actually is, but it’s between March 1973 and February 1974. He grew up in Sugian, Jiangsu province, an impoverished region of China. His parents owned a small transport business and shipped coal.

When he enrolled at Renmin University, he focused on a degree in sociology. He worked toward that degree even after realizing he didn’t want to go into politics. After graduating, he enrolled at the China Europe International Business School and earned an EMBA. Around the same time, he started working for Japan Life, a Japanese company that manufactured health products.

At the same time, he worked as a freelance coder to earn extra money. Between all those duties, he also tried to run his own restaurant. After deciding to pursue a career in business, Liu Qiangdong wanted to take a shot at being an entrepreneur. The restaurant failed and landed him in debt. View Related Info Here.

He worked off his debt and left Japan Life in 1998. Two years after his restaurant failed, he gave entrepreneurship another shot. This time around, Richard Liu Qiangdong had a better plan. He planned to dedicate as much time as was needed to make his business succeed. In 1998, the first Jingdong location opened in Beijing’s Zhongguancun High-tech Industrial Park.

At the height of his business’s success, China had to deal with a SARS outbreak. The outbreak was devastating for many businesses; especially Richard Liu’s which lost over eight million yuan in one year. By 2004, Richard Liu had another plan and moved his company online. JD.com was launched later that year. With his company finding success on an e-commerce platform, Richard Liu closed all 12 of his brick-and-mortar. locations by 2005. Richard Liu Qiangdong continues to utilize cutting edge technology, which he says is the platform of the growing global economic environment.

Over the last 14 years, JD.com grew into a $60 billion company with more than 300 million customers in China alone; that’s nearly the entire population of the United States. Richard Liu is often compared to Jeff Bezos, founder of Amazon, as they’re both self-made billionaires.

Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong 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.

Richard Liu Qiangdong at Davos Forum

One of the most successful businessmen in China is Richard Liu Qiangdong, founder and CEO of JD.com. According to Forbes, his company is worth more than $60 billion, and Richard himself is worth an estimated $12 billion. Recently, he attended the World Economic Forum in Dallas, TX, USA.

There, he was interviewed by Davos-Klosters and gave his first-hand account of what it was like taking JD.com from a brick-and-mortar chain to an online platform. His account also including personal facts that helped to shape his company into the multibillion-dollar e-commerce marketplace it is today. Most notable is the original name of his business.

In the mid-90s, Richard Liu Qiangdong was attending Renmin University, one of China’s most prestigious universities with connections to the nations’ political elites. As a young man, Richard Liu wanted to work in politics. While attending Renmin, he met a girl named Gong Xiaojing. They dated for a few years, and Richard Liu Qiangdong named his business Jingdong by combining his name with hers.

They eventually broke up in 2003, but his company was too successful to change the name at that point. He opened his first Jingdong shop in 1998 in Beijing in the Zhongguancun High-tech Industrial Park. Many of the vendors around him sold counterfeit merchandise, but Richard Liu Qiangdong sold only authorized magneto-optical products.

The same his relationship with Xiaojing ended is the same year that SARS devastated China. The outbreak forced many physical store businesses to close their doors, but Richard Liu didn’t want to give up on his dream of entrepreneurial success easily. Out of options, he moved his company online and took advantage of the online inventory; he added more items than just magneto-optical products. See Related Link to learn more.

In 2004, Jingdong officially became JD.com. By 2005, Richard Liu was able to close his physical shops on his own terms and focus solely on the online marketplace. That same year, he received an 18 million yuan offer for JD.com, which he rejected.

Jingdong has mastered its logistics and supply chain processes so that it can make same-day or next-day delivery for 90% of all orders. Customer service robots handled 32 million customer inquiries and solved 90% of them independently.

Jingdong is known globally for its use of advancing technology. Name any recent tech trend and most likely JD.com has already been trying it out. Jingdong is known for its use of commercial drone technology, autonomous robotics within its warehouses, and automated delivery systems.

In an article with Gizmochina.com, “Google Invested 550 Million” with Jingdong. The partnership will include the promotion of JD.com products on Google’s shopping service. More details have now emerged that the partnership will also see Google selling its products on JD.com.

 

Find more information on https://jdcorporateblog.com/about-liu-qiangdong/

 

Jingdong Is Innovating Customer Service With Advanced AI Technology

 

JD.com, otherwise known as Jingdong is known for its mission to provide the best customer service and innovations that they have made in technology have made this possible for the largest retailer throughout China. The artificial intelligence behind the company’s own customer service is being implemented in both the medical industry and telecommunications. The chatbot that is used by Jingdong is able to address the millions of customer interactions that it deals with every day while still providing good customer service as expected.

The chatbot of Jingdong is even able to detect human emotion in order to respond to them appropriately in real-time. This artificial intelligence program is powered by transfer and deep learning technologies. One example of efficiency for the chatbot took place on their anniversary sale that took place in June of this year. That day, there were upwards of 32 million queries made to their customer service and the robot was able to address about 90% of these issues by itself.

The President of Jingdong AI, Bowen Zhou, believes that artificial intelligence is not just a piece of technology, but it is a solution for many of the challenges that the world is facing throughout different industries. He notes that there is a shortage of customer service resources when it comes to the telecommunications industry and the artificial intelligence technology from Jingdong capable of addressing some of these shortages in a way that will provide a better experience for the customers.

In the health care industry, Jingdong partnered with West China Second University Hospital in order to provide customer service powered by artificial intelligence for patients’ medical care. This artificial intelligence robot is being used to answer many of the most common questions that people have when it comes to their health care. This includes directions, forwarding calls to different departments, scheduling, and more.

With the JD.com AI helping field some of these calls, the human customer service representatives can spend their time on more complex issues that require help from a person. Through artificial intelligence, they are hoping to improve the experience for consumers in many different industries throughout the world. See This Page for additional information.

 

Source: https://corporate.jd.com/home

 

Paul Mampilly’s Adventures From Wall Street And Beyond

Paul Mampilly started out as a Wall Street mogul, but then became a research and investment analyst. His career began at Deutsche Bank in 1992 as a research assistant. He then moved up in his career by moving to higher positions at ING and Banker’s Trust. He had the responsibility of managing multi-million dollar accounts. By 2006, he became a key hedge fund manager. When he started at the firm, the value of it was $6 billion and increased to $25 billion after his arrival. He has now moved to a position where he is offering financial advice to numerous individuals around the world.

Once Paul Mampilly left Wall Street, he started the “Profits Unlimited” newsletter. Its target audience is regular Americans. The purpose is to inform the readers how to invest their money and educate them about what they can do financially for their futures. He chose to go this direction to the average US citizen since Wall Street seems to be geared to the financially elite. He is looking to help people become more financially independent. Read more articles by Paul Mampilly at Banyan Hill

He also enjoys the more personal aspect of the work he does now. It is not just about numbers and data, but more about the people and the stories behind the numbers. He also has more close and personal contact with his customers, which is very satisfying for him when he can help them be successful. The thing that really bothered Paul Mampilly about working on Wall Street was how he actually made his money. He earned his money off the fees that came from the transactions. This tends to take money away from the financial rewards a person can have. He felt he was compensated regardless of whether the advice and transaction were profitable for the customer or not.

When giving financial advice, Paul Mampilly advises that it is important to look at both the positive and negative points. Making sure you have researched and have the best information you can have are vital in making informed financial decisions. It is always a risk, but these ideas can give you a better chance of success. Check out: https://interview.net/paul-mampilly/

Prada Opens JD.com Flagship Store During 6.18

 

Italian fashion designer Prada has made its first appearance on Chinese e-commerce platform JD.com. The company opened its first virtual store for JD’s 6.18-anniversary event. Prada opened its own flagship and then two other virtual stores for subsidiaries Miu Miu and Car Shoe. The partnership is part of Prada’s initiative to open virtual stores for all its sub-companies. Its choice to use Jingdong is a smart one as the virtual retailers has been a gateway to Chinese markets for years.

JD.com came to be during the birth of e-commerce retail. The company started as a string of brick-and-mortar stores peddling electronics before going digital. Founder Richard Liu Qiangdong put Jingdong online during the SARS epidemic as a way to reach consumers who could not go outside. Today it is a global phenom with saturation throughout Asia, Australia, and Europe.

Richard Liu attended the prominent Renmin University of China and graduated with a degree in Sociology in 1996. Richard is a true entrepreneurial genius and recognizes the power in of broadening his horizons.

Liu is considered as among the top entrepreneurs in the e-commerce industry. He is involved in the company’s everyday operations and is very keen on business forecasting.

Richard Liu continues to utilize cutting edge technology, which he says is the platform of the growing global economic environment.

JD.com is known for its use of advancing technology as well as forward-thinking business practices. Chief among them being its consumer-to-manufacturer marketing. C2M is a way for companies to market directly to consumers based on personal logistics. Read This Article for related information.

Prada’s introduction on JD’s platform was launched during its 6.18-anniversary event to meet the call for high-quality products. Prada joined other providers such as Grand Tokaj sweet wines in a limited event filled with special incentives. Its sub-companies Miu Miu and Car Shoe also opened their virtual shops to partake in a massive onslaught of online shopping. Over a million consumers logged on to peruse and purchase JD’s wares. Prada itself had a very successful night and JD pulled out with over $29 billinon dollars in profit.

The event was broadcast through social media via two rewards campaigns. Although JD has carried various fashion boutiques for a while now, Prada is the first major name to use its platform. Earlier last year Jingdong began opening China’s door to outside fashion design. The platform created a wealth of virtual shoppes for designers far and wide. Once again at the behest of Chinese consumers picked out by JD’s C2M. Prada’s joining the fold only adds legitimacy to a great catalog of high fashion. The profit it made in 6.18 being a clear sign of the success to come.

 

Find more information about Liu on http://corporate.jd.com/richard-liu-jd-ceo-about

 

JD Forms Partnership With Prada to Introduce High End Fashion Products to China

 

JD.com and Prada have recently announced that they will form a partnership in the immediate future. The two companies have decided to come together in order to make themselves stand out in the digital marketplace. Prada will use this expansion to get a more stable presence in the Asian markets. The top fashion brand will now look to sell more of its products in China and become more widespread in the region. Jingdong announced the partnership with Prada while hosting an anniversary sales festival in June of 2019.

With the help of JD, Prada will be opening up a new flagship store in China. This will enable it to establish a presence in the country and hopefully make more sales in international markets. When opening up the new flagship store, Prada will begin showcasing its newest collection of products for the upcoming fall and winter seasons. Under the terms of the agreement it has with Jingdong, Prada will being marketing other brands such as Miu Miu and Car Shoe in order to help boost sales for itself and JD.com.

At the beginning of 2019, Prada announced that it was able to significantly grow its sales volume. Prada revealed that it had growth in the double digits during 2018. This proved that it has been able to succeed in the Chinese market in recent years. With a growing sales volume in China, Prada plans on marketing its other affiliate brands beginning in the year 2020. The partnership it has had with JD.com will enable the company to continue using a very effective digital marketing strategy in the near future. By using this digital marketing strategy with the help of Jingdong, Prada will look to continue its expansion into China during the coming years.

After forming the partnership with Prada, a JD executive made some comments about it. The executive expressed his satisfaction working with Prada as well as how it will make a significant impact on the Chinese market. Since Prada is a high end fashion company that sells luxury products, Chinese consumers who are into high end fashion will be able to consistently buy some of the top products in the fashion industry. Along with making a statement about the partnership with Prada, JD was hosting one of its most significant events in recent years. It was celebrating an anniversary of being in business.

In an article with TG Daily entitled “JD . com’s Liu Qiangdong Commits to Inclusive Business”, e-commerce juggernaut JD.com has recently re-committed its operational practices to include total transparency regarding sustainable practices and environmental care

 

Visit their profile on https://www.linkedin.com/company/jd.com/

 

Earn Rewards and Exclusive Benefits at JD.com

 

JD.com, otherwise known as Jingdong, is back at it again with exclusive advantages and rewards for their loyal clients and members worldwide. JD plus members now have the opportunity to visit any hotel that they would like to stay and enjoy its delightful and special benefits. The largest retailer of China was able to gladly announce the exclusive benefits to more than 15,000 high-end hotels locally and internationally.

They were able to establish lifestyle partnerships worldwide particularly to the subscribers of their premium membership program known as the JD Plus. This announcement was part of their June 18 Anniversary event and to show their appreciation for their clients worldwide. JD Plus members have the power to receive limited offers, excellent discounts, lounge privileges, additional loyalty points, and a lot more from different hotel brands all over the world such as Ascott, AccorHotels, InterContinental Hotels and Resorts, and a lot more.

In addition to this, JD Plus can now be used outside of China due to their unique member privileges at hotels. Members of JD Plus are very happy with their announcement and they saw the growth of their membership program transform into an elite membership program that offers extravagant discounts on travel bookings, restaurant deals and offers, numerous lifestyle benefits, health care services, and e-commerce advantages that they have never experienced before. People are also happy with the membership points that can be exchanged for discounts on JD.com.

According to the Head of the premium membership of JD.com, Jingdong has been building strong partnerships in order to give back to their consumers. The company expects to expand and to grow with their new partnerships and continue to provide lifestyle and industry related benefits that allow them to retain and reward their most loyal consumers.

In an article with Gizmochina.com, “Google Invested 550 Million” with Jingdong. The partnership will include the promotion of JD.com products on Google’s shopping service. More details have now emerged that the partnership will also see Google selling its products on JD.com.

Jingdong is known as the first e-commerce enterprise in China to create a paid membership service three years ago. JD.com values each and every customer and the members of JD Plus value excellent service and quality lifestyle. They are excited to invite their premium members to the lavish and sophisticated experience that awaits them as well as the warm service of the hotels that they will be staying.

 

Visit their channel on https://www.youtube.com/channel/UCj1O__aZW_05RdTCL8E3kUA