With 5 listed companies, business legend Liu Qiangdong has 20 classic quotes that are worth reading!

JD.com boss Liu Qiangdong wrote 20 classic quotes based on his many years of life experience, which include his insights into life and great wisdom in business management. This article discusses the relevant content and I hope it will be helpful to you.

Recently, JD.com's community group buying business "Jingxi Pinpin" released a brand upgrade announcement. The announcement stated that from July 27, Jingxi Pinpin will be officially renamed JD Pinpin.

At the end of 2020, Liu Qiangdong personally led the establishment of the Jingxi Business Group and directed the team to expand vigorously. Now returning to the old battlefield again shows JD.com's determination to make a difference in the field of community group buying.

Over the years, JD.com has been known for its efficiency, convenience and social responsibility.

On June 18, 2023, JD.com officially celebrated its 20th birthday. In a letter to all 560,000 employees on the same day, JD.com proposed the "35711" dream, which means that in the next 20 years, it hopes to build three companies with annual revenue exceeding one trillion yuan; five Fortune 500 companies; seven listed companies with a market value of no less than 100 billion yuan; pay 100 billion yuan in taxes to the country; and provide 1 million jobs for the society.

The "35711" dream stems from JD.com's hard work over the past 20 years, which has given it the confidence to continuously create value for users, the industry and society.

According to a statistical report from Caixin, as of early 2023, JD.com officially surpassed Huawei with an annual revenue of 1.04 trillion yuan and 500,000 employees, becoming China's largest private company.

JD.com's success is inseparable from Liu Qiangdong. As a famous Chinese entrepreneur and start-up, Liu Qiangdong's successful experience and leadership have made JD.com one of the giants in China's e-commerce field. At the same time, he has also actively assumed corporate social responsibility and made important contributions to society.

This article will share with you 20 classic quotes from Liu Qiangdong, which contain both his insights into life and his wisdom in business management. If you find it useful, you are welcome to share it with more people.

1. About the perception of life

01. Since I was a child, my parents have always told me that if you sweat a little more, you will have one more chance than others.

02. What we lack is not money, but life.

03. I want to be strong enough that nothing can destroy my inner peace.

04. Regret is a spirit-consuming emotion. Regret is a greater loss than loss, and a greater mistake than mistake, so don’t regret.

05. The only thing in the world that can be obtained without work is poverty, and the only thing that can be created out of nothing is dreams. Although the world is cruel, as long as you are willing to walk, there will always be a way.

06. The starting point of life is not very important. What is important is where you end up.

07. Time is a master in healing spiritual trauma, but it is definitely not a master in solving problems.

08. Take your face off and put it in your pocket, and then you will find that life is not that heavy.

09. It is shameful to withhold employees’ five social insurances and one housing fund.

10. If an industry is too bad, it may also be a huge opportunity.

2. About Business Thinking

01. You can keep criticizing an entrepreneur, but please be less sarcastic! In any case, even if an entrepreneur fails, he is 100 times better than someone who does nothing but laughs at others all day long!

02. Your good life is because you work harder than others, not because you hope that your competitors will die. Because if one competitor falls, more competitors will come in!

03. In fact, Tmall and other platforms are not our competitors. I am especially grateful to Jack Ma because almost all of our users come from Taobao. It is Taobao that educated the users. These users cannot stand bargaining, poor service and low-quality products, so they come to JD.com.

04. Any Internet business model that cannot reduce the industry’s transaction costs and improve the industry’s transaction efficiency is doomed to fail in the end.

05. Whether you are making products or providing services, whether you are working in the Internet or traditional industries, the core of the competition is your user experience. This is true for Microsoft and even more so for Apple.

06. When starting a business, you must be clear about your customer base and create user portraits. Don’t dream of being able to serve everyone. If your user base is 100 million, that’s enough. If they are not your customers, don’t care what they say, and don’t change your product for them.

07. All failures are ultimately human failures.

08. JD.com has always emphasized: bringing better experience to consumers, treating employees and suppliers as real partners, creating more value for society and building more efficient operations.

09. When a company is on the road to success, especially when it reaches the peak, it will go downhill. Therefore, the most terrifying thing for the founders and managers of a company is when it is at the peak.

10. Any choice you make should never go against the interests of consumers. When the interests of a company conflict with the interests of consumers, the outcome is doomed to failure.

Finally, I would like to share a list of "20 Growth Rules". At a "Dong Ge Lecture" held by Liu Qiangdong at the Beijing headquarters in late June, he summarized JD.com's growth experience over the past 20 years into 20 growth methods.

He hopes that everyone can think as much as he does, because "innovation is not that difficult."

Author: Yan Tao Sanshou