Liu Qiangdong, otherwise known as Richard Liu embarked on an entrepreneurship journey in 1998 when he established an offline electronic retail business. Qiangdong ventured into electric business amidst financial challenges which saw him not go abroad for further studies. His grandmother was also unwell but she couldn’t get medical care because of lack of funds.
The business picked up pretty quickly and expanded into 12 shops in Beijing. Sars outbreak brought Richard Liu’s business to a standstill. Amidst the misfortunes, Richard Liu started selling items online. At the time, e-commerce was not doing so well because it was made up of rogue business platforms which offered counterfeit products. Richard Liu Qiangdong vowed to sell authenticated goods as well as issue invoices in his platform. In 2004, JD.com was launched with IT equipment, mobile phones and digital electronics on the “shelves”.
Richard Liu worked hard to bring more products to the platform. By 2010, the platform had everything shoppers could ever need. Currently, JD.com prides itself on over 1 billion products. It is worth about $57 billion and Richard Liu was listed by Forbes as among China’s richest individuals with a net worth of $11 billion.
JD.com grew in every aspect to become one of the largest e-commerce platforms in China. It has built a infrastructural network that has enabled it to make deliveries in just 3 hours in Beijing and 6 hours everywhere else in China. JD.com has increased its presence in China significantly and even worldwide. It has been ranked third largest internet company in the world. Mr. Richard Liu Qiangdong looks to make the company the world’s largest e-commerce platform in the world in a few years.
Richard Liu looks to bring the world’s best products to China through Jingdong. With over 300 million active users, JD.com has mastered its art and developed technologies to aid in parcel deliveries. It has improved its autonomous delivery capabilities immensely. Currently, the company is working to expand outside China to the Middle East and Southern Asia.
Mr. Qiangdong is the CEO and founder of the company whose directors won’t form a quorum without him. He values his family so much that he considers it his greatest achievement. He is always trying to be a better husband, father, son and brother. Read This Article for more information.