JD.com, or Jingdong is one of the biggest companies in China, and in the whole world. It offers almost all products which can be offered in the market. Jingdong is a very successful venture, but it doesn’t mean that there are no hardships in JD’s past. Richard Liu Qiangdong revealed JD’s origin and his plans for the future.
Richard Liu Qiangdong’s first ever venture was when he decided to start a business when he was still studying. At the time, Liu Qiangdong managed to open a restaurant, working on it in during his free time. Unfortunately, his time was so limited, and the restaurant failed. After graduating from the university, Richard Liu was hired at Japan Life and became the Director of Computers.
Although Richard Liu Qiangdong was able to get success in this employee life, his entrepreneurial calling is stronger, and that made him quit his job at Japan Life and founded Jingdong’s physical store. Jingdong was a successful franchise which managed to get 12 branches nationwide until the SARS outbreak forced it to shut down all of its operations. During this time, Richard Liu decided to try selling his inventory online. In 2006, Jingdong fully became an online store.
Richard Liu Qiangdong prided Jingdong as one of the stores that don’t sell counterfeit products. It only sells high quality and authentic products, and that’s how it gained local consumers. As of now, it is China’s biggest retail company known for its 6-hour delivery and is helping over 167,000 employees nationwide.
According to Richard Liu Qiangdong, his future plans for the company includes expanding even more to reach every part of China. In addition, he also wants to expand its operation in the nearby South East Asian and Middle East countries. He is also hoping to set Jingdong’s services in Europe and in America.
Being one of the wealthy people in the country, Richard Liu Qiangdong believes that being wealthy comes with a greater sense of responsibility. He will usually work in the morning with his early meetings, as this is the part where he is the most productive. He also believes that his major competitor is no other than himself, as he needs to keep improving to be able to also improve JD.
Go Here to visit his page on Twitter.