Richard Liu is the creator of JD.com, an online platform that offers all the bare necessities that one could need in electronics, beauty products, accessories, food, vegetables, and much more. Best company JD.com has only been able to expand and increase their revenue since their inception into the online market and all thanks to Richard Liu Qiangdong.
Online businesses have been able to thrive off of convenience and the advancement of technology as everyone has it in modern society. JD.com has partnered up with many companies that include Wallmart and have invested a lot of money into different platforms such as Farfetch. Richard Liu earned degree in sociology from a well known credited University in China called Renmin University and spent much of his time learning and working on the computers. He also attended the China Europe International Business School and started out working for a company called Japan Life early on in his career.
The entrepreneur honed his skills at this company and later opened his own shop, which would be the start of something very special and that would bring him much success. Funny enough he named the store Jingdong, that is a combination of a past girlfriend’s name and a part of his last name. After expanding and opening even more stores, he was forced to close them down and quit the business after severe economic disruption and hardship called the SARS outbreak. Although, this then gave way to his new idea, which would mold into JD.com in the year 2004 and one that would be a critical success.
Richard Liu Qiangdong then concentrated and put forth all his energy into JD.com that would expand and one that continues to be successful. An article from Variety depicts the struggles the entrepreneur had to endure as his business failed due to economic struggle and a failure to stand out in the restaurant business. After all of this, he formed JD.com, which turned out to be his greatest idea.
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