JD.com was founded in 2004 by Richard Liu Qiangdong. Richard Liu is an inspiration to many youth in China and even the world. He spoke at an interview and shared a lot about Richard Liu Qiangdong’s personal plans and vision for the company.
Richard Liu Qiangdong hails from a humble background and he started building his career working at a family business. While in college, he started a restaurant which closed down soon afterward. At the time, he faced many financial challenges. He decided to try his hand in business again by starting a computer accessory shop. This time, the business did well and grew into 12 shops. Unfortunately, the businesses went down after sars outbreak in China.
Richard Liu took the chance to get into e-commerce market. He started with a few products; IT equipment, digital products and mobile phones. He increased products in the platform gradually and after 6 years, the platform had almost all products possible. He gave his business a competitive edge by ensuring products are authenticated and issuing proper invoices. He realized that e-commerce was an interesting space to venture into.
The entrepreneur will go down the history lane as a billionaire with a big heart. Despite being worth about $11 billion, it really doesn’t matter to him much that he is wealthy. What matters to him is how he uses the wealth to impact people’s lives. He has donated funds to charities and he aims to empower the youth and aspiring investors in China before he retires at 65.
JD.com’s board can’t form a quorum without his presence. He is highly regarded in China and he is always striving to be a great father, boss, son and husband. Richard Liu regards family as his greatest achievement. In his active years, he aims to take JD.com to the globe. One step at a time, he aims to make it the number one shopping point for people across the globe.
Richard Liu Qiangdong’s day starts at 7am and it is permeated by meetings with the board, managers and partners. He is always looking to better himself. Mr. Qiangdong plans to take the e-commerce platform through a series of phases until it reaches the United States. First, he aims to bring the world’s best products to China. Second, he will expand to the South Asia and then, Middle East before getting into the US market.
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