Richard Liu Qiangdong is a Chinese businessman and entrepreneur. The entrepreneur launched JD.com, an e-commerce platform, in 2004 and established it to become one of the largest e-commerce platforms in China. He has talked about his journey in e-commerce in various platforms.
While in college, Richard Liu Qiangdong started a restaurant which did not operate for long because of his busy schedule with his studies. Various financial struggles saw Mr. Richard Liu venture into business. At one point, his grandmother was sick and his family was not in a position to get her proper medical care. He also would have wished to further his studies abroad then but he couldn’t because of the financial challenges he was facing.
Mr. Richard Liu founded a computer accessory business in Beijing, a business that blossomed to grow into 12 shops. However, his businesses closed down following the SARS outbreak in China. He then ventured into e-commerce initially providing digital electronics, mobile phones and IT equipment. He realized that e-commerce had the potential to revolutionize the retail business industry.
The business grew from providing a few products to provide over a billion products. Jingdong is estimated to worth US$57 billion. Richard Liu affirmed the company’s efforts to offer speedy and efficient delivery services to customers throughout China. JD.com now makes deliveries within 3 hours in Beijing and 6 hours in other corners of China. The business has established a foot print in China as an online shopping stop for people from all walks of life.
Richard Liu Qiangdong has built his name in the industry with Forbes listing him as a billionaire with a net worth of about US$11 billion. Because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.The entrepreneur is not thrilled by wealth and instead, he views it as a responsibility to serve his community better and puts him in a better position to be a better father, husband, son and brother.
The renowned e-commerce investor looks to take his e-commerce global. Already, the company has unrolled its services in some countries outside China and he looks to take it to the Southern Asia, the Middle East and the United States. He wants to make the business the largest in the world in a few years. Visit This Page to learn more.
More about Richard Liu Qiangdong on https://dentistry.uth.edu/directory/profile.htm?id=6826e3bd-18bb-4e2a-a87a-f3b9c93134d1