How Richard Liu Qiangdong Started

When most people look at the biggest companies in the world, they think that they started the same way they look today. They presume that the investors had a lot of money and so, the companies were set up in one day. However, for Richard Liu Qiangdong, things were totally different. He is the owner of the biggest retail company in China, and his company, according to Forbes Magazine, is valued at more than $12 billion, but he went through many situations that most people may not be aware of. If you look at the successful entrepreneur that he is today, it will be hard to imagine that he once was in a difficult situation.

Working in his parent’s companies

Sometime in between his education, Richard Liu had to work in his parent’s company. It was a transport company that had only a few vehicles. The reason he had to work was because the family was poor. The parents were going through too many struggles and so, they could not pay for basic things such as medication. Being the sharp young man that he was, he knew that he had to work so that he could earn some money to help the family. That is how he found himself in a company that was already struggling. Find More Information Here.

Failed businesses

After graduating from University, Richard Liu Qiangdong did not start right away. Liu Qiangdong says that he had other ideas that he thought would bring in the money that he desperately needs. Because of that, Richard Liu started several companies and worked hard to make them successful. However, he was disappointed too many times with his investments and so, he had to close them. Some of the business sold computer spare parts. The good thing about him is that he kept pressing on with the determination to find a breakthrough one day.

Richard Liu Qiangdong was born in the province of Jiangsu in China. Richard Liu spent most of his time in that time studying. Liu Qiangdong’s height of education was when he joined the People’s Republic of China. Today, Richard Liu is the owner of a business that has diversified into many fields by partnering with the best companies in the world –


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