JD.com – A Leader Of Blockchain Technology

 

JD.com, also known as Jingdong Mall, is now one of the e-commerce superpowers right now in China and they are in no way going to be shaken and brought down from their level. They have been walking, running and sprinting with another e-commerce giant, Alibaba.

 

JD.com has defined what a great and successful retailer is, online or offline – and with the programming background of their Chief Executive Officer, Richard Liu Qiangdong – JD.com or Jingdong is now in collaborative works with one of the most prestigious and well-profiled technological institutes: The Institute of Software at the Chinese Academy of Sciences and The Ying Wu College of Computing at the New Jersey Institute of Technology. They will launch the “Urban Smart Logistics Institute” in Xiongan, China. The institute focuses on planning, developing, and designing smart logistics systems in urban areas.

 

This joint technological venture will be focused and more definitive of improving efficiency and strengthening stability and increasing the strategizing on conquering challenges that are thrown at Jingdong’s way. But at a more technological aspect – the joint laboratory venture will propel Jingdong to focus on new technology and how to apply it. These technologies will focus on efforts in security, decentralization applications, consensus protocols and privacy protection.

 

We are at the age of modern technology and physical transactions are now a thing of the past. Cashless payments and transactions are the new big thing, and JD.com is in on this trend and they are running with the times and owning the game. Find Related Information Here.

 

Blockchain technology is a new power player on the vast map of the world wide web, it is another brain baby by the person who coined Bitcoins, Satoshi Nakamoto. Like digital currencies (like bitcoins or “digital gold”), blockchains are able to create other types of virtual money – and this is important for Jingdong specifically because of the modern changing times.

 

Jingdong is a world leader on the use, manipulation and utilization of blockchain technology – and Jingdong is laser focused on exploring their business potential by investing more technology and effort into the growth of the ecosystem of the blockchain. Focused on strategy and research partnerships.

 

And this will be key in Jingdong Mall in staying at the top of the retail game and this will serve as examples and inspiration for companies who are also aiming for the top.

 

Visit related article on https://cn.nytimes.com/technology/20180619/google-china-jd-com/Tech%20in%20Asia%20-%20Jingdong%20Tags%20page/

 

 

 

Richard Liu Qiangdong Interview In Davos: Business History, Plans To Become Number One

 

JD.com is one of China’s largest ecommerce platforms owned by Richard Liu Quiangdong. He’s worth over ten billion dollars personally on paper, and his company is worth over 30 billion dollars as of today. In an interview in 2018 with Rubenstein titled “An Insight, An Idea”, Richard Liu told him that he started JD.com in 2004.

 

Back in the 2000’s, most students wanted to go into government, but he didn’t want to do that, so he set up his own business where he sold computer accessories. Liu created up to 12 stores at that time in 2004, but then the SARS epidemic hit, and he didn’t want his staff to talk face to face with customers, so he decided to close the shop.

 

One of the managers said they should sell online to lower the risk of SARS, and he (jokingly) is already a billionaire. They spent one year selling in person and selling online to compare the figures, and when online proved to be better then he just went with selling online full time. He had merely heard of DangDang at the time but had never heard of Amazon. Refer to This Article to learn more.

 

The thing that he did to make his company grow so rapidly was to make the decision not to sell counterfeit products online and would issue proper invoices and receipts. Richard Liu was selling mostly computer parts because they had limited amounts of cash. It was I.T. products, digital products, and mobile phones for sale at first. Richard Liu now has about 200,000 employees and is adding about 30,000 per year.

 

The biggest market value amongst his competitors is TenCent, then Baidu, and then JD.com. Richard Liu Qiangdong’s goal is to simply be number one on the market. When he had his first office in China, he had just four words written in Mandarin on the column and they read, “I Just want to be number one.” Richard Liu thinks that the value he creates for society should be the focus, and this takes time to develop.

 

More about Liu on https://www.forbes.com/profile/richard-liu/#77b17bbf2677