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Wednesday, February 7, 2018

JD.com Invests RMB10M in CEO Richard Liu’s Alma Mater

February 7, 2018. Shanghai – A donation ceremony was held on the CEIBS Shanghai Campus today to acknowledge renowned Chinese e-commerce company JD.com’s (also known as JD or Jingdong) RMB10 million investment in the establishment of a new chair professorship and a new research centre, CEIBS-JD.com Innovation Lab, at the school. In his new role as JD.com Chair in Operations and Supply Chain Management, Professor Zhao Xiande will engage in combining his extensive knowledge of supply chain management with the company’s expertise in operational practice, to deliver more value for both sides.

“I was impressed by CEIBS alumnus Richard Liu and JD’s first Davos show at the World Economic Forum, a platform the entire business world was looking at,” recalled CEIBS Vice President and Dean Professor Ding Yuan, who attended the ceremony despite battling jet lag and a cold after a two-week business trip to Switzerland. “While I was in Switzerland I also learnt our MBA programme had climbed back into the world’s top 10. The development of CEIBS and the success of our alumni companies, of which JD is a good example, reflect a Chinese economy that keeps growing with a strong impetus.”

Chief Human Resources Officer and General Counsel of JD.com, Ms. Long Yu, agreed with Dean Ding who taught her when she was an EMBA classmate of Richard Liu from 2007 to 2009. “JD’s development is dependent on China’s development, the company’s future growth will largely rely on the overseas markets,” she noted. “JD is not only to be simply a China-rooted company, but we are also committed to becoming a company of the world. To make the ‘JD dream’ come true, support from our alma mater is a necessity.” She added that she looks forward to more cooperation with Professor Zhao to perfect JD’s supply chain performance as it was an area prioritised under the company’s next 10-year strategic plan.

According to Professor Zhao, the main purpose of his research is determining how to accelerate transformation through supply chain management and innovation. The JD.com-CEIBS partnership will provide opportunities for a closer look at the issue, as well as first-hand inspiration from a leading Chinese company. “This partnership is significant as JD’s current experiences help supply chain knowledge production in the future, which will improve Chinese companies’ competitiveness in facing overseas players in the sector,” Professor Zhao said. “It is perfectly in line with CEIBS’ role of educating responsible business leaders for China and the rest of the world.”

CEIBS President, Professor of Management Li Mingjun, attended the plate-unveiling ceremony on behalf of the school while JD.com was represented by Ms. Long Yu.