Richard Liu Qiangdong: After The SARS Outbreak

 

It’s normal for entrepreneurs to have some failures under their belts. In a way, failure makes an entrepreneur what he or she is willing to become. Some fail and choose to give up and take crappy jobs with companies they don’t want to work at. Others learn from their failures or turn them into victories.

Richard Liu Qiangdong is an entrepreneur that learned from one failure and overcame another. Liu Qiangdong began as a graduate with a degree in sociology. He wanted a job in politics but quickly discovered no role in politics offered enough money.

After graduating from Renmin University, Liu Qiangdong learned that his grandmother was sick and needed expensive treatment. Since politics couldn’t offer the money he needed, he learned how to program computers and started working as a freelance code worker. That earned him enough money to pay for his grandmother’s treatment and pursue his new dream.

The freedom and monetary benefits of freelance work made Liu Qiangdong want to own and operate his own business. He started working toward an EMBA from the China Europe International Business School while continuing his freelance work. After saving enough money, he took his first shot at being his own boss.

His first shot at entrepreneurship was through restaurant ownership. Liu Qiangdong greatly underestimated how much work it takes to run a restaurant successfully. He tried to get away with only dedicating two hours of his time to running the business every week. See This Page for more information.

The restaurant failed miserably and taught Liu Qiangdong that entrepreneurship requires full dedication. While still in school, he set his entrepreneurial dreams aside and focused on learning everything he could. Even after graduating, he took a job at a health products company and continued learning. Finally, in 1998, he gave entrepreneurship another try.

Liu Qiangdong opened the first “Jingdong” in Beijing in a four-square-meter store. He sold magneto-optical products and found great success in doing so. By 2003, the SARS outbreak made him rethink his business, and JD.com was the result.

 

More about Liu Qiangdong on https://jingdaily.com/tag/liu-qiangdong/

Richard Liu Qiangdong, CEO, Founder, And Chairman Of JD.Com

 

Richard Liu Qiangdong also referred to as Richard Liu is a Chinese entrepreneur and founder of JD.com or as known by many as JingDong Mall, the largest retail store in China. He studied at the Universe of Renmin in Beijing, China and graduated with a degree in sociology in the year 1996. He ventured mostly in business despite studying sociology.

Entrepreneurship

Richard Liu’s first involvement into business started with a restaurant project, which failed after some few months. He later moved into trading health products. The health trade business never succeeded, and in 1998, he ventured into computer business selling spares and other accessories.

Richard Liu Qiangdong’s computer business grew fast and steadily developing into 12 stores in China. But in 2003, the market was affected by an epidemic that stroke China, causing deterioration of his customers. With such, Richard Liu together with his 12 stores manager came up with online shopping and delivery to clients whenever they are anywhere in China. In 2004, Jingdong Mall was established and grew into the largest retail store in China serving clients globally.

About JD.com

According to Richard Liu, JD.com has over 1 billion different products and over one hundred and sixty thousand employees. The firm started from a small IT product online retail business offering local deliveries into a megastore with millions of different products shipping to hundreds of countries worldwide. According to Richard Liu Qiangdong interview in Dallas, TX, Jingdong is the largest and more reliable business compared to other competitive stores.

His primary goal is to expand the business into Europe, America, and Southeast Asia and to introduce new goods to the e-commerce occupation worldwide. Richard Liu also aims at opening different stores in other regions in the world bringing in good quality products and improving deliveries by minimizing the period of product delivery to customers mostly China.

Personal Life and Other Ventures

Richard Liu Qiangdong got married with two children and two sisters, one being a teacher and another being student. He also loves touring deserts having toured all deserts in China, swimming and walking fast as being his doings during free time. He also likes working on donations for disadvantaged groups. Go Here for related Information.

 

More about JD.com on https://www.chinamoneynetwork.com/2018/10/18/jd-com-opens-up-its-logistics-network-to-users