Richard Liu Qiangdong: Childhood, Entrepreneurship, And JD.com

 

Richard Liu Qiangdong is one of the biggest businessmen in China. Richard Liu Qiangdong is the founder and the current CEO of JD.com, China’s largest e-commerce company that is valued at $12 billion as of early 2018. He is known to be a business savvy man with intuition and flexibility that enabled him to reach success. Today, JD.com is known for its cutting edge technologies in retail, logistics, and innovative technologies.

Born in the town of Suqian in the Jiangsu Province in China, Richard Liu Qiangdong is the son of hard-working coal-shipping parents. Understanding the value of education, his parents encouraged him to take a proper education to become more successful in life and can do his endeavors. He decided to study Sociology in The People’s University of China and earned a Bachelor’s Degree. However, to improve himself and to broaden his skill sets, he learned computer programming during his free time at school.

Richard Liu Qiangdong found his first job in Japan Life, a natural supplement provider where he became the Director of Computers. Realizing that being an employee is not for him, he left Japan Life to begin his own business. Starting up a mortar-and-brick store, he sold magneto-optical products and focused on giving customer satisfaction through good customer service and ease of transaction. In addition, he only sold quality products and avoided counterfeits. Find More Information Here.

After five years of selling, he managed to build 12 branches and named it Jingdong. However, because of the SARS outbreak in 2003, his business almost ceases to exist. Deciding to follow the trend of online shopping, Richard Liu Qiangdong decided to move his operations online and renamed Jingdong as 360Buy Jingdong, selling his magneto-optical products.

When his online platform started to thrive, offline businesses decided to make a partnership with him and use his platform to sell their products. Because of this development, Richard Liu Qiangdong decided to rename the site to JD.com. The products and partnership in JD.com grew and expanded throughout China within the years.

Time passed by with the continuing growth. In 2014, JD realized a new milestone, being the first China-based company to be publicly traded on NASDAQ. Big Tech companies like Google became JD’s shareholders. Now, JD.com held its first ever CES presentation in the latest CES. It just means that JD.com is still growing and taking the world by surprises.

 

Visit his page on http://www.liuqiangdongjd.com/

 

 

 

 

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