In the last few years, Richard Liu Qiangdong has been a familiar name in the e-commerce industry due to the success he propelled his e-retail company, JD, to in a short period. Richard Liu Qiangdong has the net worth of over twelve billion dollars as estimated by Forbes, and it continues to rise as JD continues to reach new heights of success. Richard Liu believes that people who are in the e-commerce industry must understand what the consumers want and must think like a customer to shift their business model accordingly.
Richard Liu Qiangdong was interested in politics at his young age and even did bachelors in sociology from the People’s University of China. Later on, Richard Liu Qiangdong realized that just studying sociology is not going to serve his purpose to be rich and successful and thus, went on to even study business from the China Europe International Business School. Apart from studying, Richard Liu was interested in computers and coding, and it helped him fetch a job at Japan Life, a multi-national health supplement company. Visit This Page for related information.
He went on to become the Director of Computers at Japan Life, but he left his job soon after to start his retail business by renting a place at China’s Technology Hub in Beijing. It grew rapidly to become a chain of stores, and it is this business that he later shifted to an e-commerce operation when the physical retail operations had to be suspended during the SARS outbreak in China. Today, he looks back to the day and feels that if it weren’t for his quick thinking, he would not have been able to build an online empire named Jingdong.
Richard Liu Qiangdong is not satisfied with being on the second spot in the e-commerce business and wants to overtake the leading company. But, he wants to do it by keeping in mind the environmental factors, and it is the reason it is adapting Eco-friendly measures to minimize their adverse effect on the environment.
Richard Liu Qiangdong is also looking to improve his delivery system and set up international warehouses to further expand their business.
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.