The online retail business has been flourishing at a massive pace in the last few years, and one of the companies that have been contributing to the e-commerce space is JD.com, earlier known as 360buy.com.
In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership.
The company was founded by Richard Liu Qiangdong who has years of experience in the retail space and even started his career by selling health products for an international firm named Japan Life. However, he always wanted to start his own business, and it is why he started a store that sold magneto-optical products. Later on, he started a total of 12 stores across the country, but during the SARS outbreak, he suffered from huge losses. But he did not let it bring him down.
It is when Richard Liu Qiangdong decided that he should switch to online retail business and thus, started the online retail journey of JD.com. There are tons of companies that have been active in the online retail industry, but the leadership of Richard Liu Qiangdong has helped the company to grow at an exponential pace. Richard Liu Qiangdong is a highly qualified individual and has studied sociology from the Renmin University and EMBA from the China Europe International Business School.
After completing his studies, Richard Liu Qiangdong worked many odd jobs but eventually landed in the retail business that he dominates today. The success that he has achieved has been nothing short of phenomenal and has inspired many young entrepreneurs as well. See Related Link for more information.
Richard Liu Qiangdong was recently asked about his plans for JD.com, and he said that he wants it to become number one. He believes that if a company becomes number one in China, it will be number one in the world. For him, the biggest competitor is Walmart, but they are better than them because they have a greater number of options compared to them. Liu Quiangdong aims to provide the broadest range of options to its customers so that their customers do not have to go anywhere else. Richard Liu Qiangdong also wants to keep working till he is 65 but wants to raise his two kids like normal children so that they can work for their success as he did.
More about Liu Quiangdong on https://www.forbes.com/profile/liu-qiangdong/#711217232c0d