Richard Liu Qiangdong: An Expert of Supply Chain Innovation

Also known as Liu Qiangdong, Richard Liu Qiangdong is the Chief Executive Officer and founder of JD.com, one of China’s largest e-commerce platforms, a firm that is currently worth $57.6 billion. According to Forbes Magazine, Liu is reported to be worth $11 billion.

 

Richard Liu Qiangdong graduated from the Renmin University of China with a degree in sociology but spent a lot of his time as a student sharpening/honing his computer programming knowledge through freelance coding tasks.

 

In 1998, Richard Liu Qiangdong opened his shop that engaged in the business of selling magneto-optical products across Beijing. As of 2003, he had managed to open more than 12 stores only to be derailed by the SARS outbreak that forced a lot of his customers and staff to remain indoors. Refer to This Article for related information.

 

With the outbreak, Richard Liu Qiangdong opted to reconsider his brick-and-mortar business model, an idea that led to the creation of JD.com in 2004. A year later, Richard Liu shut all of his stores and decided to entirely focus on e-commerce, selling a myriad of electronics along quality consumer goods.

 

Just recently, Richard Liu was interviewed regarding the future of JD.com entitled “An Insight, An Idea”, and he had a lot to say. First, Liu was asked on how his entrepreneurial journey has evolved and he argued that the road to becoming an entrepreneur is difficult and rocky, especially for those starting. According to Liu, those who persevere are assured of good results.

 

Richard Liu Qiangdong further argued that competition is rife and the goal of JD.com is to compete with other established business entities such as Walmart and become the best or rather the top online retailer in the globe.

 

JD.com has for the longest time been focusing on increasing the quality of its customer service, speeds of shipping its products, and the like. According to Richard Liu Qiangdong, these are some of the reasons as to why the company has been experiencing 100% growth yearly. With an expanded growth, JD.com is currently focused on boosting the quality of the experience, a matter that Liu believes will propel the firm to the number one spot in the globe.

 

Visit: https://www.hugessen.com/person/richard-liu

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