One of the e-commerce companies that have been dominating the online retail space is the Chine retail giant, JD. Richard Liu Qiangdong started Jingdong when he was young, and from a single store, he opened over 15 physical stores that used to sell many different consumer electronics. Richard Liu Qiangdong has a unique style of leadership and ensures that the employees of the company are always motivated and encouraged to do well. There are many in-house employee interactive sessions and programs that are launched to help the employees learn and improve their skills.
The chain of physical stores Richard Liu Qiangdong Launched in the year 1998 was closed in the year 2004 to start the online retail business. In no time, the online business became a huge hit, and it went on to take over the online retail space. With time, Richard Liu Qiangdong added many new products to the company’s inventory and the fast delivery and logistic supply system also became popular among the people. The retail business he started, went on to become public in the Chinese stock market as well as in NASDAQ. Two other companies that have stakes in Jingdong e-commerce business is Walmart and Tencent. The company is known to use the latest technology and environmentally friendly strategies to increase their efficiency and also to reduce their carbon footprint. It is among the first few companies who are looking for sustainable growth and are investing a lot of money in green technology and to update their system further.
Richard Liu Qiangdong is a graduate in sociology from the famous Renmin University of China and has also done E-MBA from the China Europe International Business School. Richard Liu has also been focusing on improving the business efficiency and logistic supply chain by introducing the drone delivery system, which would help the company to deliver products to even rural areas of the country easily. The company has the shortest time for delivery of goods compared to its competitors. The company aims to minimize it further by improving their efficiency and to grow their number of warehouses around the country.