According to Forbes, Richard Liu Qiangdong is now among the wealthiest individuals, having a net worth of about $11 billion. As an entrepreneur, he’s the founder, and the CEO of JD.com – the largest provider of e-commerce services in China, with net revenue of about $60 billion. Through the support of the firm’s proficient leader, JD.com have had tremendous achievements, including the successful partnership with multinational corporates like WeChat, and Walmart.
Over the years, under the leadership of Richard Liu Qiangdong, the mighty JD.Com had experienced tremendous rapid growth, including of 2014 when it floated on NASDAQ Stock Market – the second largest stock exchange in the world which is based in the US.
Earlier this year, 2018, during the annual meeting of the World Economic Forum, Richard Liu Qiangdong was interviewed by David Rubenstein – the Co-Founder and Co-Executive chairman of the Carlyle Group, about their efforts in the transformation of the retail industry using Supply Chain Innovation. During the talk, this conscientious intellectual shared that, before he had completely shifted from physical stores to online selling, he made a comparison of the two to discern the more effective one. After comparing their production report, he noticed that with the online shop, the logistics costs were much lower and more efficient for their consumers.
When asked of how JD.com have managed its rapid development, surpassing even Dangdang Inc. which used to be the best then, Mr. Richard Liu explained that their transparency and sustainability were the key drivers of it. In emerging as the best, he had to ensure that his enterprise was authentic, and it wasn’t unethical like the existing providers, who were offering counterfeit products and cheating customers on the prices.
In essence of guaranteeing their consumers a favorable shopping experience, CEO Richard Liu Qiangdong guided his team of experts on ensuring they presented the appropriate logistics, including the issuance of genuine receipts and invoices. Get More Information Here.
While still on the talk, Liu quoted that, due to insufficient capital, JD.com was unable to satisfy all of their consumers’ interests at a go. Following their staunch commitment, and a visionary leader, however, this giant e-commerce ensured at the end of every year they added a new variety of product; and in 6 years, the firm had almost everything available.
To ensure they are the best in China, and even globally, Richard Liu Qiangdong highlighted that their key focus will be market valuation – the value they create for the society since they already have the rest of resources, including technology and finance.