Davos Interview: Richard Liu Qiangdong On Business, Family, And Expansion

 

Richard Liu Qiangdong, the Chinese internet celebrity owner of JD.com, is amongst the wealthiest in the world. He currently offers over one billion products for sale on his website, which is more than Walmart’s one million says Liu, and can deliver 60% of goods within under 6 hours to any region of China, and 97% of goods within 20 hours of order time. This is in stark contrast to delivery speeds to other parts of the world like America where it can take up to 15 days to receive goods from China.

Richard Liu started out selling computer parts, cell phones, and I.T. products in shops around Beijing. Now he’s worth ten billion himself, and his company is worth around forty billion dollars on a good day. Richard Liu Qiangdong’s goal is to grow personally, professionally, and for the community simultaneously because wealth is actually a responsibility more than it is a luxury. Richard Liu said in a recent Davos, Switzerland interview that he enjoys being a father, a sibling, a husband, a son, and a business partner, because they each have their own roles in life. Find Additional Information Here.

He’s 44 now, but toward the beginning of life it was not so simple. He grew up in a more rural part of China and wanted to provide medicine for his sick grandmother. Richard Liu went to live in Beijing and attended Renmin University to study sociology, and in his free time he coded computer programs. His goal now is to expand into SouthEast Asia first and then into Europe, and eventually America.

Every day at 8am his managers have meetings in order to gauge the state of the business. Different strategies are implemented in different areas depending on the nature of the local businesses. While the Chinese economy grew 8% in the last few years, Richard Liu’s business grew 100%.

 

Related article: https://www.businessoffashion.com/community/people/richard-liu

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