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.