Richard Liu Qiangdong has been determined to streamline the e-commerce sector since 2004 when he launched JD.com. The principal online retail store serves millions of consumers in in Asia and other countries. Since 2004, the entrepreneur has realized huge triumphs in the e-commerce industry. For instance, Liu and his team launched effectual logistic systems to speed up the delivery of customer orders, and eco-friendly packaging solutions to reduce pollution. Moreover, the renowned entrepreneur has been advocating for the supply of authentic goods. His commerce store gives zero lenience to fakes, one of the reasons why it has won the fidelity of over 300 million consumers.
During the World Economic Forum, Qiangdong divulged that his conglomerate was prepared to acquire and defend the business industry’s uppermost position, as well as expand its presence to new markets. How was Liu Qiangdong planning to acquire the industry’s number one slot? According to Richard Liu Qiangdong, his company had set three primary tactics to meet its expansion goals. First, JD.com was looking to launch e-commerce platforms in the United Kingdom, Asia, and other new markets. Already, Richard Liu Qiangdong confessed that JD.com had launched a platform to serve its customers in Washington and other parts of the United States.
Second, Richard Liu Qiangdong said that Jingdong was looking to maintain the culture of supplying authentic goods from reputable companies. Liu Qiangdong has been using this tactic to outwit its competitors in China and other parts of Asia.Third, Richard Liu Qiangdong disclosed that his e-commerce store had partnered with top brands to supply premium
range of products to its customers around the world. At JD.com, customers can purchase clothes, food, electronics, and any other consumer good. His company offers a broader range of products than Walmart, its biggest competitor. Richard Liu says that the three strategies could help JD.com to leave an unforgettable footprint in the world’s e-commerce industry.