JD.com is the biggest e-commerce platform in China, the second-largest globally after Amazon. The owner, Richard Liu, is responsible for the tremendous growth. Richard Liu is an entrepreneur who lived most of his childhood in hardship, without access to electricity and essential services.
Liu Qiangdong graduated with a Sociology degree from the People’s University of China. However, he is interested in computer programing and had extra training at the China Europe International Business School. Here, he graduated with an MBA.
Richard Liu started his entrepreneurial path in 2003 when he started Jingdong, currently JD.com. It was a small brick-and-mortar store that sold magneto-optical products. He steered the business that by 2004, it has expanded and has 12 storefronts in China’s major cities. An outbreak of SARS emerged as a setback as people were confirmed to staying indoors. It was a challenge for Richard Liu though he didn’t give up. He migrated to the online platform. At this time, e-commerce started to emerge, and he was one of the individuals who took advantage of this fantastic platform.
Qiangdong continued to drive his e-commerce business forward, connecting buyers and sellers from a different location. The company grew to be a big player in China. Currently, it has expanded to operate in more than 50 countries globally. It has expanded its reach across Asia, Europe, Africa, and North America.
A tremendous growth means that it has to increase the number of employees. It is currently operating with more than 150000 employees. Besides, it has more than 301.8 million users. Such tremendous growth has seen the company rise among the wealthiest firms. In 2018, it was valued at $ 12.7 billion. Visit this page to learn more about Richard Liu.
Liu was featured as an Honoree in Variety 500 entitled, “JD.com Richard Liu; Founder / Chairman / CEO”, as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.
Richard Liu has not stopped when it comes to investing in his venture. He is currently eying promising industries like AI drones and robotics. These would better delivery and improve efficiency at the company.
More about Richard Liu on http://richardliu.wikidot.com/