Every success is backed with a Hardwork, trials and challenges. Success is sweeter when the road going there is rougher and more challenging – and one excellent success story is the story of Richard Liu Qiangdong.
Richard Liu Qiangdong is currently the owner and Chief Executive Officer of JD.com. JD.com is one of China’s biggest e-commerce platforms, and is the direct competitor of Alibaba.com which is owned by Jack Ma. The erection and establishment of JD.com is probably one of the most interesting stories in businesses.
Richard Liu Qiangdong was not born with a silver spoon, but Liu was born with tenacity, resilience, adaptability and was born as a natural genius. Richard Liu Qiangdong studied Sociology in his college years and received an Executive Master’s in Business Administration – and during all these years he was spending his down time in teaching himself basic programming – not knowing that he will be using this in the near future when he builds JD.com.
After college, he went into building a business that involved selling magneto-optic products in physical brick and mortar stores around Beijing. Richard Liu had a stable flow of business, managing around 12 physical stores. But then, everything changed when the SARS epidemic hit China, which meant that Richard Liu had to shut down his physical operations in order to keep everyone safe from the disease. But this also meant that business was stopped, and Richard Liu was at the brink of bankruptcy, and the epidemic has left him without a source of income. But this is the time where his resiliency will be put to the test – he gathers his managers and dependable team members, and they resulted into venturing into e-commerce and online shopping to continue their operations during the epidemic, and this resulted to what we know now as JD.com. Get More Information Here.
JD.com is now one of the best performing online shops and they are off to even greater heights. Richard Liu Qiangdong makes sure that JD.com stays relevant to the changing times and makes efforts towards sustainability and environmental sensitivity, and he also makes sure that he is of active help to his community.