Richard Liu Qiangdong is a wealthy online retailer from China. Last year, it was reported that his net worth grew to $12 billion, while his company – JD.com – posted revenue worth more than $60 billion. Richard Liu Qiangdong is a great inspiration for people who wanted to become an entrepreneur, and he always stated that working hard and being determined in doing his job has become his key in achieving his goals.
Born in a remote village in Jiangsu Province, China, Richard Liu Qiangdong was inspired by his parents to study hard because it will be his key to success. He remembered what his parents used to tell him, and he decided to make it as one of the top students in his class during his younger years. When he was in college, he decided to enroll at the People’s University of China, one of the top educational institutions in the country. He initially wanted to become a politician but decided to take up a Bachelor’s Degree on Sociology instead.
.While he was in college, he decided to open up a small restaurant and tried out an entrepreneurial career. However, due to mismanagement, he had to close it down. He used his extra time reading manuals and other books about coding and taught himself how to code. He knew that this skill will take him to different places, and he invested a lot of time mastering it.
After he graduated from college, he started working for Japan Life. He was the company’s Director of Computers, and he helped the company in the field of computing. Later on, he decided to leave the company and established his own business.
In 1998, he launched a store that sells computer parts. His first branch was in the center of Beijing, and he had a lot of customers ordering authentic computer parts from his shop. His business would later expand to different Chinese cities, but growth will be halted by the SARS outbreak in 2003.
This gave him the chance to innovate and opened his first online portal in 2004. The business grew stronger than before, and when he earned $5 million, he used it to purchase the JD.com domain, which is still being used by the company in the present.
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