JD.com, which stands for Jingdong, has its origins in Beijing, China, in the 1990s. Richard Liu was an undergraduate student at Beijing’s China University of Geosciences, where he studied geological engineering. As a student, he worked at a bookstore and discovered that many purchased books online paid in cash.
Liu then opened his online bookstore and named it JD.com. Qiangdong made JD.com the most extensive online book retailer in the country and then transitioned into online shopping.
JD.com has a wide selection of products and has a particularly large selection of home goods. In 2017, JD.com had nearly $60 billion in sales. JD.com has also expanded beyond China into other Asian countries, including Singapore, Japan, and Indonesia. JD.com is one of the few Chinese tech companies that has received significant funding from both Chinese and American investors, which has helped it expand beyond China. JD.com has an employee base of more than 86,000 people. Richard Liu has been JD.com’s CEO since the company’s founding in 1998.
In 2017, Richard Liu Qiangdong became an official “Variety 500 Honoree” due to his hard work and service to the world.
Core Beliefs and Vision for JD
Liu Qiangdong’s vision is to create a world where “everybody loves to shop.” They want to be the world’s largest e-commerce company and expand their business to other sectors. JD.com wants to become a retailer of the first choice by building a comprehensive selection of products and services, competitive pricing, and best-in-class customer service. JD.com also wants to become a trusted platform, driving social progress by creating more sustainable supply chains, engaging in responsible philanthropy, and improving communities wherever they operate.
Final Words
With the rise of AI and a growing appetite for online shopping in China, JD is well-positioned to continue growing. JD is the most significant e-commerce company in China, and its CEO Richard Liu is one of the wealthiest men in the world. With the rise of online shopping, JD is well-positioned to continue growing.
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Find more information about Liu Qiangdong on https://www.forbes.com/profile/richard-qiangdong-liu/#373abb37486b