Richard Liu Qiangdong the founder and CEO of the largest e-commerce platform in China known as JD.com. Richard Liu graduated in 1996 from Renmin University which is among the best Universities in China with a degree in sociology. After graduating, he joined China Europe International Business School with Executive Master of Business Administration.
After completing his studies, he was employed in Japan by a health product company for two years playing various roles including director for business and computers. Richard Liu later left the employment job and started his shop selling magneto-optical products. Among his successful business is JD.com which it`s estimated to worth is $57.6 billion and according to Forbes Richard Liu is reported to worth over $11 billion a total net worth.
“An insight, An Idea with Richard Liu” interview:
Richard Liu begins with a brief history of his successful journey to where he is now. He founded JD.com from a humble background naming it from his first girlfriend’s name and his last name. He was motivated to work hard to meet the need of his family where his parent was ailing. Richard Liu Qiangdong says his biggest competitor is himself as he strives to be a better person today than he was yesterday.
Liu`s products are the best compared to their business competitors because of their standardizing cost and efficiency in production and accessibility. They utilize warehouses where they keep their products which helps them to regulate and control market prices and demand.
Richard Liu believes in 10 years to come; his e-commerce company will be the leading in China and globally topping the likes of Amazon. Richard Liu values family bond saying it`s his proudest achievement in his life.
During his free time, Richard Liu likes swimming, reading, and traveling. He usually wakes up at around 7.30 AM, prepares for general managers meeting and afterward sets ready to respond to his emails. Go To This Page for more information.
He recommends people to purchase electronic goods through his e-commerce site for they take less than 6 hours for delivery. He also names his company shares as the best to invest on as investors are assured of profit outcome
Richard Liu Qiangdong, Entrepreneur of JD.com
Richard Liu Qiangdong is the founder and initiator of JD.com. JD.com is one of the largest e-commerce platforms in China. Qiangdong attended Renmin University of China during 1996. He received a degree in sociology. Following his college eduction, he attended China Europe International Business School. It was there that he received an EMBA in business. Directly proceeding his graduation from business school, Qiangdong was employed by Japan Life, a health product company. During his experience at this company, he was able to hold multiple positions, such as director of business.
Richard Liu Qiangdong started his Jingdong business in Beijing, China. Following declined success of a particular business model, he renovated his business plan and initiated JD.com in 2004. In 2005, he began focusing primarily on consumer goods and electronics. During 2014, a decade after the company began, Tencent purchased a 15 percent equity stake in JD.com. The deal was initiated for $215 million. JD.com has accomplished efforts for buisness and growth of company efforts and funds in e-commerce. See This Article for additional information.
During a recent interview with World Economic Forum, Richard Liu Qiangdong sits down for an interview to discuss his success of JD.com. Qiangdong speaks on the initiation of his company and the ideas for the successful business. He had a previously engaged in a business with brick and mortar retail store. The purpose for starting this business was to support his family as a result of financial problems. He desired to study abroad but could not afford to. As a result, he began working with computers and initiated his own business to generate revenue. He then closed his shops to open the e-commerce online business. Richard Liu Qiangdong wanted to enter the online platform in order to execute business faster.
Richard Liu Qiangdong spoke about the quick escalation of his business by building better thn competition. JD.com currently has a large market value according to stats in the United States. The goal of JD.com is to have the highest market value in China e-commerce.
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