JD.com’s Story Before Its Fame and Success

An online retail company in China commonly referred to as Jingdong (its former name that became very popular) or its official name, JD.com, is becoming very popular around the world and there is a very good reason for that.JD.com is a massive success, and the retail platform, founded by the technology enthusiast Richard Liu Qiangdong, is taking over the retail market of China and expanding to other countries as well around Asia.Richard Liu became internationally known when his e-commerce brand grew to what is now a online company worth billions of dollars. It was founded as a solution for the retail industry of China, and it started becoming more and more popular as more customers started shopping through the website.

Jingdong has everything you could imagine a young tech lover would enjoy. The platform has tons of technological devices and new tech that has recently been released in the industry. They have computers, devices, robots, drones, tablets, and the list goes on. They also have expanded to other sectors as well, and the JD.com retail platform is becoming larger and larger with an ever-growing customer base.JD.com has a lot of influence on China as one of the biggest brands of its industry in the Asian country. Walmart and other business juggernauts have acquired shares of this growing business as well, believing that the popularity of the company will only continue to grow in the future.

The founder Richard Liu studied sociology at the Renmin University of China and became a formed sociologist, with little academic formation in business development.However, Richard Liu Qiangdong had an entrepreneurial personality, and he was always testing out different product ideas and seeing the reception of these ideas by the general public. JD.com started out as a company selling magneto-optical in 1998 and was formerly named Jingdong Century Trading Corporation before changing the name to 360buy.com and then changing again to its current business name: JD.com. There was also a period of time where the company went online as a site named JDlaser.com, which was in 2004.JD.com remains as one of the most successful retail business of the Chinese market and a business that is expanding fast to other nations as well.