One name that continues to be in the limelight in the e-commerce sector is that of Richard Liu Qiangdong. He has helped JD.com to become one of the largest e-commerce platforms in the world, with the market capitalization of over $57 billion. As per Forbes, the personal net worth of Richard Liu is over $7 billion, and it continues to grow with time. Richard Liu’s emphasis on the integration of new technologies in the business machinery as well as improvising on the current business and unique sales strategies have helped JD.com to penetrate China’s market aggressively and reach out to new customers. One of the innovations that the company has been focusing on lately is improving its delivery swiftness through the use of AI technology using drone delivery and robotic delivery.
The company is also planning to launch driverless-vehicles for delivery and is building an infrastructure to support the same in the future. Richard Liu Qiangdong is known to be ambitious and is the chairman of the board of the management at JD. The success of Richard Liu Qiangdong can be attributed to his futuristic vision for JD.com as he continues to do market research along with his team and find out where his company is lacking in comparison to the market competition. He is never afraid to implement innovative and risky marketing strategies, which clicks for him most of the time. Richard Liu said, he also done many strategic partnerships and acquisition over a period of time, which has helped JD.com to solidify its position in the e-commerce segment.
With so many companies trying to reach the top in the e-commerce sector, it is only natural for the company and its management to find out new ways to dominate the market. The first quarter results for Jingdong shows how Richard Liu Qiangdong has been able to get the results he wants from his tech company. He feels that the company will do even better in the remaining quarters since they are investing in technology that is driving their efficiency up and increasing their profits. With the partnership with Walmart and Alphabet, he is happy that their customers are delighted with their services. Click here.