Richard Liu Qiangdong is one of the richest individuals in China with a worth of about US$11 billion and CEO of JD.com, a leading e-commerce platform in China which is worth about US$60 billion. Richard Liu hails from a humble background and he worked his way up to become a prominent individual in the e-commerce sector.
The journey to success started when he was in college. Mr. Richard Liu Qiangdong was struggling financially and amidst the financial challenges, he started a restaurant which did not see the light of the day. He then ventured into computer accessory business. The business blossomed after a short while to expand into 12 shops within the same line of business. Things took a nasty turn during the sars outbreak in early 2000s. The businesses closed down and while pondering on the next move with his workers, the idea of selling products online came along.
Richard Liu ventured into e-commerce sector fully in 2004 with the launch of JD.com. He started off with a few products including digital electronics, mobile phones and IT equipment. The entrepreneur worked around the clock to add products into the platform. Additionally, the e-commerce sector was full of fraud and counterfeit goods. Mr. Qiangdong realized that and endeavored to sell authenticated goods only. He also issued invoices, endeavors that gave the business an edge in the competitive market.
The platform is now full of products adding up to about 1 billion. The many options available for customers in the platform makes it one-stop shopping platform. Richard Liu Qiangdong now looks to take his business global and make it number one e-commerce platform in the world. But first, he aims to bring the best products from around the world to China. He will then work to take his business to South Asia, Middle East and the United States.
Richard Liu is an entrepreneur who believes in himself and competes with himself. He is also trying to be a better person and as a family man, he is always trying to be the best father, husband and son. The entrepreneur is now recognized worldwide. Richard Liu Qiangdong attributes his success to hard work. He schooled with a hard-working group and as a result, all his friends are now successful.