The life and career journey of Richard Liu Qiangdong, founder and executive chairman of JD.com, is awe inspiring. He has gone through many ups and downs in his life and yet come out victorious, and is now amongst the wealthiest Chinese in the world with the net worth of more than twelve billion dollars.
Richard Liu Qiangdong founded JD.com in the year 2004 after his physical retail operations suffered massively due to the SARS outbreak in China. The employees were unable to come to work, and the footfall at his chain of stores also fell a lot, making it hard for the business to survive, leave alone thrive. The overhead expenses were eating up the savings of the company and thus, Richard Liu decided to switch to online operations completely.
Richard Liu Qiangdong’s first job was at Japan Life, a health and nutrition supplement company, where he worked as a computer specialist and programmer for a while and even became the director of computers after working for few months at the company. He eventually decided to take his career forward and left his comfortable job to start his entrepreneurial journey. Refer to This Article for additional information.
It is during this time he started a brick and mortar retail store that went on to be hugely successful among the people. The success of his first store propelled the business to start a chain of stores in the time to come. Later on, due to the series of event, Richard Liu was forced to close down the brick and mortar stores and start JD, which has now become one of the most familiar names in the e-commerce industry worldwide.
Even though Richard Liu has set a successful online retail empire, he is always looking for ways to expand it. It is currently competing with the best online stores around the globe. For him, being the second position in China is not sufficient. He now wants to overtake the top online store and create a global impact. He believes that the online competition is quite tough and they always have to be on their toes and fulfill the needs of their customers.
More about Richard Liu Qiangdong: https://variety.com/exec/richard-liu/