Expansion of Liu Qiangdong’s JD.com across Europe
During Theresa May, British Prime Minister visit to China, an accord between the two governments was signed. The agreement between the two nations has based on improving bilateral trade between the two nations. According to the agreement between the two nations, goods of a net worth of £2bn will be flogged in the Chinese market in the coming years. A renewal of the sponsorship of British Fashion Council and Vogue Designer Fashion Fund also took place to improve business in China, eye candy for countries all over the world trade and business.
JD.com, an ever-growing name in the internet business industry recently partnered with Google. According to Google, an investment of about $550 million (£415m) is estimated to be assembled in for joint ventures with JD.com. The partnership of JD.com and Google would lead to a swift and better shopping experience over the internet.
Google pairing with JD.com’s will lead to next-gen merchandising infrastructure solutions in the e-commerce market. JD.com’s partner Walmart retains shares in the firm. Recently, Walmart’s management decided to increase its stake to almost 12 percent. Sources have revealed JD.com’s massive investment in Farfetch worth $397 million last July. Farfetch’s partnership with JD.com will be very beneficial for both the companies to capitalize on. Both the companies are very lucky to have extensive reach in China, with expertise in the fashion industry. JD.com was the brainchild of Liu Qiangdong.
JD.com, a China-based e-commerce platform is one of the leading internet retail stores. It’s worth a massive $57.6 billion. According to Forbes, Mr. Liu is one of the richest men in the world with a net worth of $11 Billion. Mr. Liu has majors in Sociology from the renowned Renmin University of China. He graduated in the year 1996. During his studies, Mr. Liu was more inclined towards refining his programming skills. He used to do a lot of freelance coding work during his university days. Mr. Lui successfully completed his EMBA from the China Europe International Business School.
Learn more about Liu: http://www.ftvcapital.com/team-member/richard-liu/