Richard Liu Qiangdong and JD.com will be a force to contend with if they continue to keep up at the pace they currently are moving at. Richard Liu Qiangdong has made partnerships with Walmart, and smaller startups to have upside exposure in both relationships.
Let’s find out how Richard Liu Qiangdong and JD.com have progressed throughout the years.
Richard Liu Qiangdong and Jd.com: A History
In June 1998, the company was created, it was called Jingdong Century. One can only guess that Richard Liu Qiangdong called it Jingdong Century because he wanted to make it last at least a century. The company was based in Beijing China and it sold magneto-optical. The company was located in a strategic area as the nation’s capital would surely have provided for significant value in knowledge sharing and information dissemination.
The company, led by Richard Liu Qiangdong, trudged on and continued to survive and capture economic value by selling products in a profitable fashion. After six years, the company made a change in its mode of operation. instead of simply becoming extinct or shuttering operations due to SARS, Richard Liu Qiangdong sought to preserve the company, he went online. What did he call the company when he went online? Jdlaser.com.
Two years later, the company sought to establish a subsidiary and that is exactly what it did. In 2006, the company was able to open up and establish a subsidiary in Shanghai. Things really began to take off because the company then opened up another subsidiary in Guangzhou. The company then progressed to a different domain name and changed its strategy a little bit. The new domain would be 360buy.com and the company would undergo a change in name to Jingdong Mall.
Richard Liu Qiangdong would then continue to press on with an added offering, the added offering would be an online bookstore. This would take place over the course of 2010. In that year the company would pave the way for additional offerings of ebooks, CD’s, and other popular items for people to enjoy.
The company would have to make a few more additions in 2011 as well, the company went ahead and launched an online segment for specific brand sellers.
Learn More: corporate.jd.com/liu-qiangdong-jd-ceo-about