Richard Liu Qiangdong Insight On Business Ideas

 

Richard Liu started his company from scratch in 1998; he did not have enough resources by then to finance his business. Richard Liu Established Jingdong company which was a combination of his name and his first girlfriend name. He decided to start the company as his family was having a financial crisis they could not afford money to pay for the bills for his aunt this he needed money. At that time, it was challenging to go abroad to study; hence Richard Liu had to start his own business to earn money. The company distributed magneto-optical products serving a wide range of customers in Beijing. A few years later, Richard Liu has established twelve stores across the country selling computer parts.

Richard Liu Qiangdong has a degree in Sociology and EMBA. While at the university Richard Liu had started a restaurant that did not do well at that time as he was unable to manage the business and class work. Richard Liu decided to spend his leisure time working through freelance coding. Liu was able to enhance the programming skills that earned him a job at Japan Healthcare Center. Richard Liu Qiangdong served as a director for the computers, the business and logistics for two years. Later he started Jingdong company.

In 2003, there was an outbreak of SARS, Richard Liu did not want his employees to be hit hence he gave them water and other supplies to use at home. By the end of 2004, one of the managers who is currently a billionaire advised Richard Liu to venture into e-commerce to reach the customers at their homes. They launched JD.com which is the largest Retailer in China today. The company has a net worth of more than US$60 billion and more than 167,000 employees. The number of employees changes each day increasing the number with more than 30,000 employees per year.

JD.com delivers ordered goods in London, US, Europe, China among other areas. They have adopted modern technology to ensure products reach the client on time. For those in Beijing and China goods are delivered within three hours and in other areas approximately 20 hours. Get More Information Here.

Due to his hard work throughout the years, Mr. Qiangdong has managed to accrue a few important accolades over the years. One of these incredibly amazing awards was the “2017 Variety500 Honoree” in the variety honors. JD.com is currently well over $44 billion in worth which is looking to continue growing upwards with time.

 

See also: https://www.forbes.com/profile/richard-liu/#138384a22677

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