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/

 

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.

 

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