Richard Liu Qiangdong is the founder and CEO of JD.com, an online retail company that focuses on e-commerce. He is an alumnus of the famous Renmin University in China where he graduated with a degree in sociology. Richard had an interest in entrepreneurship and began his first venture only two years after graduation.
Inception of JD.com
In 1998, Liu Qiangdong opened a retail magneto-optical products shop in Beijing. Richard Liu Qiangdong idea was to take over the market and become the best electronic products provider. After a few years, the business picked up, and he renamed it “Jingdong”, a name coined from the last character of his name and his then girlfriend’s name. Go To This Page for related information.
By 2003, Jingdong expanded all over China and had 12 affiliate stores spread across the country. Then came the famous SARS outbreak that made Liu Qiangdong close the affiliate stores and focus on selling the products via the available online platforms. This was the beginning of the e-commerce business for Jingdong.
Performance of JD.com
Years down the line, the company has transformed to be one of the biggest e-commerce retailers in China. Currently, JD.com is worth over $12 billion, and we can only expect the figures to go up in the coming years. Liu Qiangdong has put successfully put up mechanisms that have made the company have progressive growth.
Liu Qiangdong is a hardworking and results-oriented who will stop at nothing than success. He has vast experience in e-commerce, and this puts him ahead of his peers. Liu Qiangdong ventured into e-commerce at a time when nobody would have ever thought that people will rely on online platforms to make purchases and sales. His relentless spirit is what has made him successful in most of his ventures. Additionally, he has employed a team of qualified personnel who are tasked with the responsibility of ensuring that JD.com is at par with the current technological developments.
Richard Liu Qiangdong is the perfect embodiment of how an entrepreneur ought to be like. He has proven beyond doubt that we should never give up but instead keep pushing on till we get the desired results.