Richard Liu is the founder of JD.com, which is one of China’s largest e-commerce platforms. He runs the company and has seen it become successful. JD.com started in 2004, though he began the journey of entrepreneurship years back and faced many setbacks; they compelled Richard Liu to reach the heights of success he is in now. The name JD (Jingdong) was gotten from the first character of his girlfriend’s name joined with the last character of his name.
Richard Liu Qiangdong commenced his journey when he was in college while working with his parent’s small company that dealt with transport services. In the third year in college, ventured into the hotel industry and opened a restaurant, which later failed because of inadequate time to manage both the hotel and his studies. Later on, he started a physical retail company, which sold computer accessories in 1998 in Beijing. After a while, the SARS epidemic occurred hitting down his business, and he was forced to close his twelve stores. The company board decided to look for the ways to survive the catastrophe, and that is how they came into the idea of online commerce switching the operations from physical stores to online business. Go To This Page for additional information.
At the end of 2004, JD.com was already established. It marked the start of an e-commerce venture selling a variety of products in entire china and the word-Paris, London, New York, and other countries. Deliveries are done depending on the place you are. Richard Liu’s JD.com has proliferated and is well known worldwide due to its exemplary services. To satisfy the tremendous customer demand, it has more than 500 logistic centers in China with over 167,000 employees. Today, JD.com has a market value of $60billion, and Richard Liu Qiangdong is targeting to be the first e-commerce platform in China.
Richard Liu graduate with a bachelor’s degree from the Renmin University of China in 1996. He spent much of his time as a scholar engaging in computer-programming activities through freelance coding. Liu pursued master’s degree at China Europe International Business School and upon graduation; Richard Liu Qiangdong was hired to work with the health product company Japan Life where he served at different capacities such as director for computers and director for business during his two-year tenure at the company.
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