In the world of entrepreneurship and Business Richard Liu is already a renowned, aggressive, and a dominant personality. Richard Liu Qiangdong is the Chief Executive Officer and the founder of JD.com. This is one of the greatest e-commerce platforms in China. The platform is currently estimated to have a net worth of worth $57.6 billion. Liu Qiangdong is said to have a net worth of $11 billion by Forbes.
The Renmin University of China and China Europe School are the two institutions where Liu went through academic training. Liu Graduated with a degree in sociology in 1996. Along with this degree, he had coding skills which he learned through freelancing. After graduation, Richard Liu Qiangdong was hired by a health products company in Japan. His primary roles were director for computers and director of business.
Richard Liu Qiangdong ventured in a number of businesses. He first invested in a restaurant business and the selling health products. Both companies failed. Richard Liu then opened a physical shop selling computer parts in Beijing in the year 1998. By 2003, Richard Liu had expanded to 12 physical stores. Due to the SARS outbreak, Richard Liu Qiangdong was forced to rethink his business model because the SARS outbreak in 2003 made Liu’s staff and clients stay at home.
This led to the launch of JD.com in the mid-year 2004. Well, this turned out to be a great business idea, and by 2005, Richard Liu had closed all his physical shop premises. He began to sell a variety of electronics among other consumer goods. Since the launch of JD.com, Richard Liu has been the dominant seller of electronics goods online. Richard Liu Qiangdong’s JD.com is currently one of the largest and leading e-commerce platforms in China.
This platform has undergone rapid growth just like that of its’ most fierce rival, Alibaba. Since its’ launch, JD.com has provided customers with high-quality electronics as well as customer service. The stock price of the company has been seen to rise with each year. Liu has received offers to sell the company, but he has rejected each of them. Go To This Page for more information.