Richard Liu Qiangdong is the celebrated founder and Chief Executive Officer of JD.com, one of the largest Chinese e-commerce retailers. Before founding JD.com, Liu operated a company that dealt in the sale of computer accessories in Beijing. The outbreak of SARS epidemic rendered his twelve counter stores redundant, forcing Liu Qiangdong to venture into online business.
Since its establishment, JD.com has recorded a phenomenal growth and expansion, courtesy of the visionary leadership of Richard Liu Qiangdong. Currently, the company is worth $57.6 billion according to Forbes.
With the establishment of JD.com, Richard Liu has revolutionized the shopping experience through the provision of efficient and reliable services to all clients. One of the critical areas that Richard Liu has won big is the provision of high quality and authentic products. Since its inception, JD has adopted a policy of zero tolerance to counterfeits.
JD.com has also recorded unmatched success in the reduction of product delivery time. The company has set a robust logistics network that guarantees same-day delivery of products to customers within mainland China. The logistics and supply chain network covers more than 70 cities across China. Richard Liu Qiangdong has ensured that clients receive products at their doorstep.
Richard Liu Qiangdong is also an ambitious and innovative business executive. During his appearance in the recent World Economic Forum, which was held in Davos, Switzerland, Liu outlined his grand plan for the expansion of JD’s services beyond Asia. Although the current focus is on comprehensive coverage of the Vietnamese market, Richard Liu disclosed that the company intends to move to Europe and America.
The landmark disclosure comes in just a few months since Google acquired a $550 million stake in JD.com. According to Richard Liu Qiangdong, strategic plans are underway to partner with Google in a bid to market JD,s products and services outside the Chinese market. According to Liu, Walmart, which owns a 12% stake in JD.com, will promote the company’s services in South East Asia, China, and the United States.
Speaking elsewhere during the conference, Richard Liu Qiangdong also disclosed that JD.com would take its logistics business shortly. Though he did not disclose the exact time when the listing will happen, Liu revealed that it would happen in either mainland China or Hong Kong.