JD.comJuly 23, 2019 - Author: steph
JD.com, otherwise known as Jingdong is a very successful e-commerce company in China. Indeed, JD.com does billions in sales each year and their founder, Richard Liu Qiangdong is worth billions of dollars on paper, JD.com has been recognized not only for their impressive sales. Indeed, JD.com won the SEAL Award for their sustainability measures over the years.
And as the CEO of Jingdong, Richard Liu has been able to turn his brick and mortar shops that were about selling clothing into a true e-commerce giant that has been spoken in the same breath along with Alibaba.com, CEO Jack Ma’s company.
At one time, the SARS epidemic had directly affected many cities in 2003, in China. Richard Liu had chosen the e-commerce mode after SARs caused a real issue with his businesses. Due to the culture shock of the SARS virus, it ended up hurting Richard Liu’s retail brick and mortar business model until he succeeded with the e-commerce model over the last five-plus years. Go To This Page for related information.
Going all-in on an e-commerce business model instead of the 12 brick-and-mortar shops was an excellent choice for Richard Liu. In that small frame of time that Jingdong has been in existence, Liu Qiangdong’s B2C company has become a billion-dollar firm. Richard Liu has focused on items like electronics, fashion, shoes and much more. JD.com is considered the third biggest company in terms of revenue in the world.
Only Amazon.com and Google are larger. As of 2018, JD.com had revenues of 67.2 billion dollars, which equates to 427 billion CNY. Ricard Liu Qiangdong became the CEO in 2004 and has been in that position ever since.
Liu Qiangdong has been a corporate leader who has created a Corporate Responsibility Program (CRP). This program has produced some big successes as far as promoting and encouraging many key sustainability measures.
Richard Liu Qiangdong is also adamant about making sure that people on the earth can be protected from industrial pollution and other waste. Richard Liu won the SEAL awards for protecting the environment. Libo Ma, who is JD.com’s head of the Corporate Responsibility Program, has been a strong leader when it comes to attaining “green” related goals.
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