In the last few years, there are tons of e-commerce companies that have come to the fore in the e-commerce industry. The primary reason why the e-commerce industry has been flourishing is that of the advantages it has over the conventional retail business. Not only does it have a better outreach, but the customers are also assured of better and faster customer service as well. One company that has transformed the e-commerce sector single-handedly in China, especially in the electronics division, is JD. It was founded by Richard Liu Qiangdong in the year 2004 after his physical retail operations had to be closed down.
The JD has been witnessing growth in its revenue since the time it started, and its revenue has touched over sixty billion dollars last year. The phenomenal growth of JD is due to the leadership of its founder, Richard Liu Qiangdong. He has studied business from the China Europe International Business School and sociology from the Renmin University. Richard Liu Qiangdong has often been compared to Jeff Bezos of Amazon due to both of them being a self-made billionaire. The marketing concepts that Richard Liu has implemented have proven to be highly successful and effective. If you want to achieve success in the field of e-commerce, following the footsteps of Richard Liu Qiangdong is definitely going to be helpful. He offers excellent advice to young entrepreneurs looking to make a mark in the e-commerce industry. One of the top advice that he provides is always to provide them with excellent service.
Richard Liu Qiangdong has helped JD become one of the leading e-commerce enterprises in the world and is also listed in NASDAQ. He has worked hard to make the delivery system of his company the best in the world. He orders from his company every day just to test the delivery system. He is also dedicated to making his company environmentally friendly. It means that he plans to adopt eco-friendly packaging to minimize the waste the company creates. The company has already adopted a reusable packaging along with reward points and has been greatly beneficial to the customers and the environment as well.
About Richard Liu: www.crunchbase.com/person/richard-liu-e9b4