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Richard Liu Qiangdong: The Man Who Created JD.com February 11, 2019

 

JD.com is one of China’s most successful e-commerce businesses. According to Forbes, the online retailer is worth is $57.6 billion and is the only rival to mega-retailer Alibaba. JD.com’s founder, Richard Liu Qiangdong, launched the company in the face of forced failure.

These days, companies shutting down because of health hazards or environmental danger are nothing new. In the early 2000s, business owners faced more economic problems, so issues like public outbreaks or 100-year storms was a priority. Many Chinese store owners learned the hard way just how bad nature could affect their businesses.

Before Richard Liu Qiangdong was estimated to be worth $11 billion, he was the son of two nearly impoverish shipping company owners. His family never had much money, and Richard Liu Qiangdong wasn’t too focused on making much money at first. He wanted to go into politics and make a difference from inside the system.

In 1996, he earned a degree in sociology from one of China’s most prestigious institutions, Renmin University, with the intention of pursuing a career in politics. Sadly, his grandmother fell ill, and choose to find a more lucrative career to help for his grandmother’s treatment.

He quickly learned computer programming and began writing code for anyone willing to hire him. As a freelance coder, he discovered how challenging, yet rewarding a business career could be. He replaced his political ambitions with entrepreneurial hopes and started working toward a business degree from the China Europe International Business School. Find Related Information Here.

In 1998, after earning an EMBA, he opened a little store in Beijing called Jingdong. Jingdong sold magneto-optical products and gave Richard Liu Qiangdong his first taste of entrepreneurial success. Within five years, he had 12 stores throughout Beijing and was making more money than he ever expected. Before he could expand again, the 2003 SARS outbreak shut everything down.

SARS made face-to-face not only undesirable but dangerous for employees and customers. On the brink of defeat, Richard Liu Qiangdong decided to move Jingdong online, and JD.com was born one year later. In 2017, Richard Liu Qiangdong became an official “Variety 500 Honoree” due to his hard work and service to the world.

 

More about Richard Liu Qiangdong: https://www.linkedin.com/in/richard-liu-54849942/