Richard Liu, otherwise known as Liu Qiangdong, is well-known as the founder of one of the largest and successful online retailers to China named JD.com.
The company is currently valued at 57.6 billion dollars with businessman Richard Liu sitting at a net worth of $11 billion. Even the United States has noticed the brands presence in the world since being traded on NASDAQ. Richard Liu has a sociology degree from the Renmin University of China and spent a lot of his youth sitting behind a computer screen picking up coding skills.
Although he pursued a degree in sociology, he figured out that he wanted to be a businessman and heavily pursued it. His first experience in the business world came working for a company named Japan Life that had both an online and physical presence.
He had worked his way to the director of the business. After some time, Richard Liu decided to become an entrepreneur and opened up his business shops labeled “Jingdong.” His business was slowly gaining traction but a recession had forced it to close its doors. JD.com would be his next venture that would become a hit amongst the public in China as they sold many online goods.
The online retailer would then work with Walmart and WeChat with the giant becoming a shareholder of the brand and WeChat purchasing a stake in the company. The retailer also chose to invest in a fashion company named Farfetch that has been successful. Although JD.com is available in only some countries in Europe, Richard Liu plans to expand the brands’ presence to the United States as he travels there for business meetings and other accommodations.
The online retailer also made strides in its delivery system that is quick and reliable as they use drones and other electronic cars to deliver items to customers. The biography credits that JD.com has been so successful by being innovative and being all about consumers.
JD.com biography on founder and president Richard Liu
For details: www.jdpay.com/richard-liu-jd-ceo-about