Browse Tag: logistics business

Richard Liu Qiangdong: JD.com is Ready to Go Global

Richard Liu Qiangdong is the founding Chief Executive Officer of JD.com, a market leader in the Asian e-commerce retail industry. The Jiangsu-born businessman has shot to international fame for his immense business success. He started in business in 2004, setting up a single shop to sell computer parts in Beijing.

The innate business ability in Richard Liu Qiangdong showed up when he expanded his computer parts stores to a total of twelve within a short period. But as fate would have it, the 2003 SARS outbreak grounded all his staff and clients, rendering the business redundant. The stores never recovered from the blow, and in 2004, Richard Liu decided to go online.

The migration from the brick and mortar establishment saw the birth of JD.com. Since the inception of the company, Richard Liu has demonstrated his visionary leadership skills by steering it to the apex of the Chinese e-commerce industry within a short time. Today the company is listed on the Nasqad, and the CEO has grand plans for its expansion.

As a respected businessman and leader, Richard Liu Qiangdong made an appearance in this year’s World Economic Forum. During the event, which was held in Switzerland, Richard Liu explained his grand plans to take JD into the global market. He said that the preliminary plans would involve a revamping of its logistics market in those regions, where JD. Com has not firmly established its presence.

As part of the plans to expand the company’s logistics infrastructure, Richard Liu Qiangdong disclosed that JD.com’s logistics subsidiary would go public. Richard Liu also said the company is considering dual listing. Dual listing occurs when a company trades its shares in more than one stock market. According to Liu, the move will make the company’s stocks more liquid, a move which will eventually benefit the investors.

Although Richard Liu Qiangdong did not explicitly state when the listing will take place, he told the CBNC News that the listing would happen in mainland China or Hong Kong.

Earlier during the year, JD.com launched a fundraising round at its logistics business with a view of raising a total of $2 billion. The series attracted several noteworthy investors such as WeChat, Google, Sequoia Capital China, and Hillhouse Capital Group among others. Click here