How Richard Liu Qiangdong Built JD.com Into A $50 Billion Company

 

Richard Liu Qiangdong is Founder and CEO of JD.com, once called Jingdong. JD.com began as a little four-square-meter shop in Beijing that only sold magneto-optical products. Today, JD.com sells billions of different products, mostly involved electronics and technology; products everyone in the world is obsessed with having.

JD.com is China’s second most successful online business behind Alibaba.

Unlike Alibaba, JD.com is expanding into new countries at a mind-bending rate. Liu Qiangdong believes that domestic and international success is built on understanding people from different parts of the world. Every now and again, Liu Qiangdong travels to different countries to give interviews and meet with people from all over the world.

Last year, Liu Qiangdong traveled to Dallas, Texas to give an interview to Davos-Klosters. In the interview, he revealed several personal and business facts that helped shape him as a person and his company.

One of the most interesting facts was about his family. Growing up, Liu Qiangdong wasn’t rich; no one in his family had much money. Most people in that situation grow to become obsessed with success and monetary gain. Though Liu Qiangdong is successful and loves growing his business, Liu loves the business aspect more than the money. The money is just a multibillion-dollar bonus.

When he first moved to the city, he wanted to pursue a career in politics. After earning a degree in sociology, he realized that no career in politics offered enough money. Shortly after he graduated, his grandmother fell ill, so he needed more money to help pay for her treatment. See This Article for additional information.

He learned computer programming and worked as a freelance coder, sending money back to his family while attending the China Europe International Business School. In 1998, he opened the first Jingdong store in Beijing.

By 2003, he had 12 stores and planned to open more. Unfortunately, that year’s SARS outbreak brought his plans crashing down but gave him the opportunity to open an e-commerce business. JD.com was born one year later.

In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership.

 

More about Richard Liu Qiangdong on https://www.hugessen.com/person/richard-liu

Leave a Reply

Your email address will not be published. Required fields are marked *