The story of Richard Liu Qiangdong is one of the most inspirational pieces that you will ever come across. He grew a leading e-commerce business from almost nothing, and this has left people in shock. His business, JD.com, is valued at more than $12 million. He has more than 100 million active shoppers on his website who place orders and want them delivered in various parts of the world. However, it is the story behind the start of this business that will surprise you. Let us look at some facts about this investment genius.
When growing in China’s Jiangsu Province, Richard Liu Qiangdong was an ordinary child like any other. He had the same problems that average families experienced. His parents were workers in a local coal mine, and that means that their income was limited. However, the only upper hand that he had over the other kids is the advice he received from his parents. They repeatedly told him to work hard and encouraged him to be active in and out of school. It is because of this advice that he worked hard in school and earned a palace at the People’s University of China. See This Page for additional information.
His Education and career
While at the University, Richard Liu Qiangdong studied sociology. However, after graduation, he noticed that he had a passion for computers and so, he taught himself computer programing. He also found courses in coding and therefore, Liu Qiangdong had a set of new skills. He did not go directly into business though. Instead, he sought to work in a Japanese company that was selling health supplements. After several years, he was promoted to head the computers department at the company before finally quitting and focusing on his investment.
Richard Liu started a brick and mortar business that was selling magneto-optical products. He noticed that the small town did not have enough customers and so, he created an e-commerce website. When other investors saw that his business was growing fast, they requested for a chance to sell their items on his site at a fee, and that is how JD.com was born to sell a wide variety of products worldwide.
Learn more about Liu on https://www.crunchbase.com/person/qiangdong-liu