Richard Liu Qiangdong started Jingdong in 1998, at a time when the e-commerce sector was at its infant stage and the promise for growth was overwhelming. However, the relatively new industry was filled with reprobate traders who used underhand methods and did not uphold the promises they made to the customers. Richard Liu Qiangdong believes on having strong business ethics and installing a customer-oriented culture at Jingdong would win him more customers. Subsequently, Liu Qiangdong established JD.com on a promise of timely delivery of orders and selling authentic products.
Speaking in an interview at the World Economic Forum, Richard Liu Qiangdong said that he was savvy enough, to know at an early time, that selling online would be the future of sales. As such, in building his retail giant, he put into place solid strategies that JD.com has rode on, on its way to becoming a global e-commerce titan. According to Richard Liu Qiangdong, the future of JD.com is strongly reliant on the company’s appetite for innovations that fuels growth.
Jingdong is, in fact, one of the leading companies in the adoption of revolutionary technology such as robotics, autonomous technology, and AI. Richard Liu has been the main architect of Jingdong ’s success being the chief executive officer of the $57 billion e-commerce giant. Today, JD.com has built a vast infrastructural network that allows the company to deliver their customer’s orders in the shortest time possible.
The success of Jingdong has made Richard Liu a billionaire and also one of the key players that influence China’s e-commerce industry. Liu Qiangdong net worth is about $ 11 billion as estimated by the Forbes Magazine. His journey has been extraordinarily exceptional given his humble background. Growing up, Liu was introduced to entrepreneurship at a young age, as he learned from his parent’s transport business. Visit This Page for additional information.
Upon joining the university, Richard Liu first ventured into business and opened a restaurant. However, the restaurant went belly up because he did not dedicate enough time into the business. At the time, he was studying Sociology at the prestigious Renmin University of China. Before establishing Jingdong, Liu worked at Japan Life as the Head of Computers and also as the Head of Business. Richard Liu Qiangdong holds an EMBA the China Europe International Business School.