Richard Liu Qiangdong: Internet Billionaire

 

In 1998, Richard Liu Qiangdong began developing JD.com. Currently, JD.com is the most successful online business in China, which says a lot as China is the world’s largest economic power. According to Forbes, JD.com is worth $11 billion and growing. Recently, Richard Liu Qiangdong visited Dallas, Texas in the United States to speak at a face-to-face forum.

Though his company is a multi billion-dollar enterprise, Richard Liu Qiangdong still prefers to meet people personally. His trip to Dallas allowed him to hear from people directly and interact with them on a personal level. Liu also told his story and how he built JD.com into what it is today.

Using interpreters, Richard Liu Qiangdong first talked about the name JD.com and where it came from. He combined part of his first name and part of his wife’s last name and came up with JD.

When he began creating JD.com, he was just two years out of college. Then, he was still interested in politics and earned himself a sociology degree from Renmin University. Like all doe-eyed university graduates, he realized his degree automatically earn him a high-paying job. Richard Liu Qiangdong took up computer programming and began earning his EMBA from the China Europe International Business School.

While continuing his education, he worked as a freelance coder. After earning his second degree, he took a job at Japan Life, working his way up the corporate ladder. After two years, he worked his way up to Director of Computers and Director of Business.

Richard Liu Qiangdong also spoke of his humble upbringing. His parents shipped coal up and down China, earning very little to support their family. Learning from his parents’ hard life, he began pursuing entrepreneurship while still at university. His first business was a restaurant that failed miserably because he only paid attention to the restaurant for two hours a week. See This Article for additional information.

Now, Richard Liu Qiangdong is CEO of a company that offers over half its customers delivery within six hours. Most of JD.com’s customers, averaging 97 percent, receive their shipments within 20 hours.

 

See Also: https://variety.com/exec/richard-liu/