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Jingdong The E-commerce Company Growing At Exponential Rate

 

The good thing about the internet industry is that it helps the companies to reach out to just about anyone in the world with mobile and internet. The outreach of the internet has made it possible for companies worldwide to sell its products overseas. The e-commerce portal like JD.com has made it easier for the merchants to sell its products to the wider market. Richard Liu Qiangdong founded JD in the year 1998.

Earlier, JD.com was formerly known as 360buy.com but was later renamed JD. Richard Liu Qiangdong believes that it is necessary for e-commerce companies to find new ways to reach out to a broader audience and provide the customers with more benefits.

Liu Qiangdong is a smart businessman, and it is due to his business acumen that JD has become a global leader in the e-commerce industry. Richard Liu Qiangdong has achieved a lot in his career, and it is primarily due to the fact that he has done master’s in business administration from the China Europe International Business School. He started a restaurant right after completing his studies, but it turned out to be a huge failure.

It cost him a lot, but he didn’t lose hope and started another business of selling magneto-optical products from a retail store. Starting from selling just magneto-optical products, his chain of stores started selling much more. JD.com started online operations in the year 2004, and it went on to become a huge success as it is today.

Richard Liu Qiangdong believes that e-commerce companies need to offer value to their customers. His emphasis on providing them with unique products that are not available anywhere else while making sure that the prices are competitive across all categories. He also updates the company’s system from time to time to increase the efficiency and to minimize losses. It has helped him increase the profits to a great extent. He also hires only the most hardworking people to work for him. He conducts interviews for the top management on his own and bases his decision on their will-power and their dedication to their work. Go Here for additional information.

 

See also: https://www.america-retail.com/innovacion/innovacion-jd-com-announces-blockchain-focused-smart-cities-initiative/

 

 

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Richard Liu, Joining Forces With Companies That Have Successful Outlooks

 

Farfetch is a fashion company that has found a wealthy ally in the world of business. And that ally just happens to be Richard Liu. Farfetch is known as a rising star in the world of fashion design. Taking the world by storm it’s becoming a name spoken often at the dinner table. Farfetch’s clothing line is an exclusive array of beautiful ensembles made especially for the punctilious eye. Perhaps this is what attracted Richard Liu Quiangdong, who have now invested over $397 million in the company.

Mr. Liu is known for having a keen eye for investments, so if he sees fit to drop nearly $400 million in a company, for sure, that company will definitely most likely have a solid and bright future.

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.

Mr. Liu’s life has not been a bowl of cherries, when it comes to having good luck. Years ago he went through a few failed business journeys. After investing money in these operations, it was heartbreaking for him not to see them take off with success. These kinds of disappointments has only made Richard Liu smarter and wiser. When it comes to investing and parting with his hard earned money, Richard Quiangdong is now quite experienced and skilled in making lucrative business choices. See This Page for additional information.

Forbes has reported Mr. Liu to be worth a stunning $11 billion in worth. Founder and CEO of JD.com (which used to be named Jingdong) after his past girlfriend’s name, Mr. Liu is well-known in China. He is an inspiration, due to the fact that he has worked very hard for everything that he now has. He did not receive it via an inheritance or a lottery win, but instead by perseverance and tenacity. Now, Mr. Liu is deciding to spread the wealth by joining forces with various companies that appear to have an edge. Farfetch is just one of the companies that Mr. Liu has decided to team up with, along with others and many more, perhaps, in the future.

 

For title: https://www.weforum.org/events/world-economic-forum-annual-meeting-2018/sessions/an-insight-an-idea-with-richard-liu

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How Has Jd.Com Helped Chinese Bookstore Become Competitive?

JD.com also known as Jingdong Mall, is the largest e-commerce organization in China.

 

Jingdong plays a significant role in modernizing the supply chain and at the same time help offline stores increase their sales. The brick-and-mortar stores are experiencing some challenges associated with a decline in sales and traffic due to stiff competition in the industry.

 

Consequently, Jingdong has its online book business, but it provides up to 49 offline bookstores with solutions, technology, and logistics. The strategy has helped Jingdong Mall to provide its clients with an array of service and technology to companies ranging from restaurants to bookstores, to consumer goods manufacturers.

 

In addition, Jingdong has helped various bookstores in China such as Tangning Books to increase its sales. The company has worked with the bookstores to save on labor costs and improve the speed of delivery. The partnership has helped Tangning Book understand customer buying behaviors and their needs and expectation.

 

The technology of Jingdong has helped Tangning Book gain a competitive advantage over other offline bookstores. The challenge that offline bookstores face is that they cannot stock all the books that customers need because of limited space. With the help of JD.com, the bookstore can now scan QR codes and order books they need which will be delivered to their homes within 24 hours. The two companies are working together to provide customers with choices.

 

The partnership has helped Tangning Book to reduce its turnover from one year to 220 days. The backing-up of Jingdong technology, Tangning Book has a bright future in the offline book business. Many other bookstores want to partner with Jingdong to improve their competitive strength. Find Additional Information Here.

 

The offline bookstores are examples of many industries that have partnered with JD.com to improve their inventory management and supply chain. Jingdong also provides them with technology and data that help them become more competitive in their industries. The solution of Jingdong has helped many companies from various industries make informed decisions. With the help of JD.com Wang Shun Ge restaurant in China has managed to reduce its delivery costs by 50%. The restaurant has also increased its speed when it comes to the shipment of customer orders.

 

More about Jingdong on https://www.chinainternetwatch.com/tag/jingdong/