Richard Liu Qiangdong has built an impressive career as a business man. Qiangdong is the founder and CEO of one of China’s most successful companies JD.com. Richard Qiangdong is known for savviness and intuitiveness. Many people view him as an entrepreneurial genius. Today he has a net worth of more than twelve billion dollars. His company serves more than one hundred million shoppers across the globe.
Richard Qiangdong is a native of China. He grew up in the China’s Jiangsu province, in the town of Suqian. From a young age Qiangdong learned the value of hard work from watching his parents run their family business. Qiangdong would use this knowledge to help him when he went off to attend college at The Peoples’ University of China in Beijing. Qiangdong earned a degree in sociology but also took time to teach himself computer coding. This skill would become very valuable as he entered the working world.
Richard Qiangdong’s first experience as an entrepreneur came while still college. Qiangdong decided to open his own restaurant while still taking classes in college. Although the business quickly crashed, the experience taught Qiangdong many lessons. He would use this knowledge when he start his next business. Richard Qiangdong opened his own tech store in Beijing. The store sold computers and computer parts. It was very successful and Qiangdong eventually opened as many as twelve different physical stores.
Challenges soon hit Richard’s business. In 2003 China was hit by a massive SARS epidemic. Richard chose to close his stores in an effort to protect employees. Despite this setback, Qiangdong did not give up. He made the decision to take his business online. He soon started the company JD.com. JD.com would soon take China by storm.
JD.com was very successful because the website earned the trust of its customers. They refused to sell counterfeit items and provided invoices for customers. Over a period of just a few years the website exploded. Today the value of the company is more than sixty billion dollars. They even have the world’s largest fleet of drones that help provide same day delivery service.
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