Richard Liu Qiangdong and JD.com is one company that individuals will have to continue to watch as they look at e-commerce giants such as Alibaba, Amazon, Overstock, eBay and other competitors within the space of e-commerce.
Richard Liu Qiangdong and his crew over at JD.com will continue to make a splash within the sector as they stay lean, nimble and agile and continue to do great work within the space.
The company grew from a small retail operation to netting large revenues in billions on a yearly basis. The company is certainly one that investors should take a look at to learn from and get into the details of how to grow a company in the present digital world.
The pivotal shift took place when the SARS event took place, the company had no choice but to go online. Going online was one of the best options for the company as it would help to accelerate the company forward into a new age.
Let us study some of the interesting events of Richard Liu Qiangdong and JD.com’s history to glean some information about its progress.
Jd.com in 2012
Richard Liu Qiangdong knew that jd.com was growing and he knew that he had to keep pushing forward on a daily basis. Each moment mattered because each moment would mean revenues and the potential to do more interesting innovations. 2012 was certainly a pivotal year for JD.com because it was able to become an international brand. In 2012, the company went by the name of 360buy.com and chose to stay with that name as they moved forward. The company chose to change the domain name to JD.com a year later.
JD.com in 2014
2014 would be another pivotal year for JD.com, the company was able to receive more interest and support from another industry giant, Tencent. Tencent purchased a 15% stake in JD.com with cash while also giving JD.com a few of their e-commerce businesses. The idea was that JD.com and Richard Liu Qiangdong had a better idea of how to navigate these businesses and more value could be accrued if the right people were in charge of the situation.
About JD.com: finance.yahoo.com/quote/JD/