The business tycoon has many years of experience in the business world. Richard Liu Qiangdong is the pioneer of the renowned Chinese e-commerce platform called JD.com. In 2018, the assets of the company were valued at $12 billion. Richard Liu Qiangdong did not have a wealthy family when he was growing up and had to build his business on his own and from scratch.
Richard Liu Qiangdong is an inspiration to millions of people around the world due to his success. Some people attribute his business growth to his savvy business practices and intuition. Currently, his company serves millions of customers from different parts of China.
Richard Liu believes that innovation is crucial in improving an organization’s productivity. For that reason, he has ensured that JD.com adopts modern technology in facilitating business operations. He was born in a Chinese province known as Jiangsu. Richard Liu Qiangdong’s parents had a transport business where he would help when he was not in school. The parents instilled the values of hard work in him at a tender age and strived towards ensuring that Richard Liu acquired quality education. He excelled in his secondary school education and joined the university to study Sociology.
To increase his competitiveness in the job market, he acquired coding skills which he used to earn some income while at the university. Richard Liu Qiangdong got his first job at a local firm called Japan Life. At the organization, he impressed the management team with his skills and hard work and this earned him promotions. He became the head of the computer department. When he left his position at Japan Life, Richard Liu decided to start his own venture. See Related Link for more information.
The businessman ventured into the sale of computer accessories in a small store located in China. Some of the things that led to the expansion of his enterprise include customer-oriented policies and incorporation of technology in various business operations to promote organizational effectiveness. One of the main challenges that faced Richard Liu’s business was stiff competition.
To survive in the market, Richard Liu Qiangdong ensured that only authentic products were sold to the customers. After five years, he expanded his enterprise by opening more stores.