The e-commerce sector has been booming in China, and with the amount of convenience the new age e-commerce companies are providing, it only makes sense. Richard Liu Qiangdong is one of the men to reckon with in the e-commerce industry, and he is the CEO and founder of the second-largest e-commerce company in China today by the name of JD. The company was initially known as 360buy but was later renamed as JD after the last name of Richard Liu Qiangdong and his ex-girlfriend. Richard Liu Qiangdong said in an interview that he never thought JD would become as big as it did, but it is the combination of hard work, vision, and ambition that helped him achieve such great heights of success.
After Richard Liu completed his studies, he joined the job of a programmer at Japan Life, where he eventually progressed to the post of directors of computers. However, after working for a while at Japan Life, he left the job to start his entrepreneurial venture. It is when he rented a small shop in Beijing’s China Technology Hub and started selling magneto-optical products. In due course, the success he achieved helped him expand to selling other products as well, which primarily included electronic products. The relentless effort he put into making his retail operations a success helped him open a dozen more stores in the next few years.
The retail operations faced enormous challenges at the time SARS epidemic spread across China. At the time, the employees were unable to go to the shop, and the sales dipped severely as well. It made it difficult to let the shop running like earlier, and it forced Richard Liu Qiangdong to convert his retail business into an e-commerce site. It is what eventually the e-commerce empire became as we know it today known as JD. Richard Liu Qiangdong is the man known to take his chances, and he did make his chances at the time when the e-commerce industry was still warming up to the modern world. Richard Liu Qiangdong is on the Forbes’ list of wealthiest Chinese in the world and has an estimated net worth of over $12 billion.
Jingdong’s: Facebook Page.