Richard Liu Qiangdong launched JD.COM officially in 2004 and he helped the company to grow providing a few products including IT equipment, mobile phones and digital electronics to offering more than one billion products. The wide range of products to choose from on the platform gives it a competitive edge against competitors such as Walmart.
Richard Liu Qiangdong was born in Jiangsu in China to a family of peasants. His family struggled financially and he was raised up by his grandmother. At one point, his grandmother was ill and they could get her quality medical care because of lack of funds. While still at college, he started a catering business which failed soon afterward. Looking back, he attributes the failure of the venture to focus on his studies.
After college, Richard Liu Qiangdong started a magneto-optical products business at the heart of Beijing. The business grew gradually until the SARS outbreak made it unbearable for workers to continue working at the premises. He started selling the products online and the reality that e-commerce was the future hit him. He realized it could solve the logistic challenges associated with physical stores.
Richard Liu Qiangdong is a true entrepreneurial genius and recognizes the power in of broadening his horizons. Richard Liu himself is worth a staggering $11 billion. His success has skyrocketed with the company.
Richard Liu helped the company to grow bringing the best products from all parts of the world to Chinese consumers. JD.COM has also advanced its logistic infrastructure and it can make deliveries within Beijing in 3 hours. Beyond Beijing, deliveries can be made within 6 hours. JD has partnered with vendors and other companies to serve the Chinese consumers the best way possible.
JD.COM is worth about $60 billion today. Some of the things that have proved to be top-selling on the platform include fast-moving goods. JD.COM is today the largest internet company in China. Richard Liu has also found himself in the Chinese billionaires club with an estimated net worth of $11 billion.
He is working to make the company not only bring the best products to China, but also expand globally. He looks to make his company establish a presence in the US. According to the successful entrepreneur, the company will become the largest e-commerce platform in the world based on valuation. Read This Article for more information.
See also: www.joybuy.es/liu-qiangdong-jd-ceo-about