Richard Liu Qiangdong is the business mind behind the immense success of JD.com. His visionary leadership and acute business acumen have enabled the e-commerce retailer to bounce from a small startup into a major player in the industry. As the Founder and Chief Executive Officer of JD.com, Richard Liu has dedicated his best time to ensure that the company has a global presence.
From its inception in 2004 as a small online shop with just a few products to offer, JD.com is now a one-stop destination for shoppers across the world. The company’s online shop offers a wide range of products including fresh foods, toys, computers and accessories, cosmetics, electronics, movies, apparel, and other fast moving consumer goods.
Apart from offering wide range of products, Jingdong has also spread its tentacles throughout the world. The company has a substantial presence in Indonesia, Thailand, and Vietnam among other countries. Additionally, the company has also experienced notable growth in terms of revenue. According to a recent Forbes’ release, JD.com is worth $57.6 billion. The Chief Executive Officer, Richard Liu Qiangdong is worth $7.3 billion.
During the recently held World Economic Forum, Richard Liu shared the secrets behind the rapid growth and development of Jingdong. According to the business guru, one of the factors that have enabled his company to leapfrog others in the sector is a robust logistics system. Liu noted that time is of great essence to clients. With this knowledge at hand, JD.com has invested heavily in logistics, making it possible to accomplish customer deliveries within a day of purchase.
Through JD Logistics, a subsidiary of JD.com, Richard Liu has managed to establish an elaborate and seamless supply chain network. JD Logistics offers supply chain support to JD Business through transportation, warehousing, sorting of orders, loading, and delivery of orders to the client’s doorstep.
Richard Liu also pointed to investment in technology as another secret behind the success of his online retail business. For instance, through JD Logistics, Richard Liu has employed technology to hand billions of tasks every week. The company operates unmanned robotic vehicles, sorting centers, drone deliveries, and other technologies to make online shopping great fun.
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