A Chinese Billionaire Richard Liu Qiangdong is the founder of JD. com. JD is an online platform business which deals with a variety of products including both men and women wear, consumer products and electronics. Richard Liu build the company from scratch since he did not have adequate capital to start the business, his determination made him formulate new ideas to make JD.com grow.
The name JD. com was from his first girlfriend’s name and his name combined. When SARS outbreak struck in 2004, Richard Liu feared that his staff members would be affected; hence he permitted them to stay at home. Richard Liu Quiangdong with the help of his employee who was a manager at that time decided to start a business where they would serve their customers from their homes. They created JD.com website at the end of 2004.
Marketing and selling their products through Amazon, JD.com proliferated. Currently, the company has more than 167,000 employees, and the number increases as time goes. JD.com has a market worth of approximately 60 billion US Dollars. Go To This Page for related information.
The set objectives of JD.com is to provide high-quality products and improve their services to all their customers all over the world. Richard Liu also strives to make JD.com the number one e-commerce business across the globe. Richard Liu is determined to ensure that all the stakeholders of JD.com get profit.
When a customer orders the product from JD.com, they are given feedback at what time they are to expect the delivery. For instance, the people in Beijing receives the requested product in 6 hours. Customers in areas such as New York get their delivery in about 20 -hours maximum, equal standard services are provided to each customer.
Despite the competition from Walmart company, JD.com emerges to be the top as their products are all original and there is a variety from which the customer can choose.
Soon, Richard Liu aims at expanding JD.com to other parts of the World including South East Asia, Europe as well as in America. This expansion will be possible through forming mergers as well as using local partners.