Economic pundits have referred Richard Liu Qiangdong as the father of e-commerce in Asia. The soft-spoken Chinese billionaire has been on a journey, over the last two decades of defying the status quo on trading dynamics in China.
Like all successful people around the world, his journey has been a cocktail of good business moments as well as disappointing moments. However, he is a smart trends interpreter and he is gifted at making changes to suit the business environment. As the founder and the CEO of the most successful indigenous e-commercial space in Asia, he is a role model to millions of people around the world.
Richard Liu Qiangdong is one of the greatest business negotiators in the world. He has been able to close deals, which in turn has made the JD.com the big and successful company it is today. In the last 48 months, Qiangdong was able to negotiate with Walmart and in return, Walmart has increased their shares to about 12%. Part of the deal was to increase the JD.com financial muscles in their expansive projects.
In 2014, Richard Liu Qiangdong was able to settle another deal with WeChat. The deal was worth more than $215 million. Although the scope of the deal is so detailed, Qiangdong wanted to use WeChat as a platform to reach more potential customers. Reaching to more customers through the platform has succeeded and Qiangdong through his company JD.com has experienced customers’ traffic in the last three years. These instances clearly show how Qiangdong is not only visionary but also a great negotiator. Refer to This Article for more information.
According to Forbes, the Chinese businessperson is worth more than $11 billion. This value indicates the efforts he has put in all his endeavors especially as the CEO and the founder of the revolutionary JD.com. The Renmin University of China graduate has worked for this company all this life and his personal value is expected to rise.
Although he initially had a sociology background, his ability to understand and use trends is his greatest gift. For example, his early business interests were threatened by SARS outbreak. This outbreak meant that people would buy less from physical shops. The 2003 outbreak changed his view on business completely.
Source article: https://www.therichest.com/celebnetworth/celebrity-business/men/liu-qiangdong-net-worth/
Jingdong Mall, also known as JD.com has always been at the forefront of promoting environmental sustainability in business. Last year, the firm launched the Green Stream Initiative, which to date remains one of JingDong’s most significant environmental projects. The main aim of the project was to reduce the negative environmental impacts caused by non-degradable packaging materials through sustainable packaging.
To further enhance the effectiveness of the project, JD.com recently announced that it would be expanding it, so it can now include customers. According to the firm’s statistics, doing so will help save approximately 32.5 RMB annually if only 10% of the orders use this new packaging. What’s intriguing is that this packaging is not only free, but also those who use it will be rewarded with the firm’s Jingdou loyalty points which they can exchange for products in future purchases.
It’s essential to know that each client purchasing Jingdong Mall is required to use this reusable package. Those who choose to use it can do select it on the billing page, and once they receive their order, they will return the package to the delivery personnel, so it can be used to deliver other orders. According to JD.com, this package, alias the green box, can be used to deliver approximately ten orders, thereby enabling Jingdong Mall to achieve sustainable consumption.
This service will first be opened to consumers in Beijing, Shanghai, and Guangzhou, before being opened to those in Chengdu and five more cities before the end of the month. However, JD.com plans on making the package available for consumers in twenty cities before the end of this year. The company further added that all customers who purchase small and medium-sized packages could receive their orders using the Green Box with the exemption of those who order fresh food from the site. Refer to This Article for related information.
More about JD.com
Jingdong is a Beijing based e-commerce company that was established in 1998 but only went online in 2004. Initially, it was an online magneto-retail optical store but soon expanded and began offering products in many more categories such as electronics and computers among many others. Today it is one of the largest e-commerce platforms in Asia and a top rival for companies such as Alibaba.
See also: https://ieeexplore.ieee.org/document/6305161/metrics#metrics