Best known for founding Jingdong Mall, one of China’s leading e-commerce sensations, Richard Liu is an avid entrepreneur and businessman. His background story portrays him as a committed, resilient, down-to-earth and visionary individual to say the least. Currently, he prides himself on being the chief executive officer of JD.com, a company with an estimated asset worth of $57.6 billion.
During the 2018 Annual World Economic Forum, Richard Liu Qiangdong participated in an interview whereby he responded to questions relating to his business. He narrated to the Co-executive Chairperson and Co-founder of The Carlyle Group David M. Rubenstein how his Jingdong Mall platform became a reality. From operating a computer parts retail business to finally venturing into e-commerce, Richard Liu Qiangdong realized that the new business model involves low logistics.
According to Richard Liu, JD.com’s success did not happen overnight. In the beginning, the company was low on capital even though that situation did not stop it from operating. They began with IT products and mobile phones before later adding a variety of items over time. Currently, Jingdong serves a wide array of customers not only in China but also other parts of the world. The e-commerce platform also hopes to expand its reach to the USA, Europe, Middle East, and South Asia.
Richard Liu suggested that Jingdong Mall is better than Walmart because of its wide variety of goods, amounting to one billion. As such, customers have different choices to pick from when shopping via Liu’s platform as compared to the latter, which has several millions of options. On a more personal level, Richard Liu Qiangdong said his married and had two children, whereby the youngest one is nearly two-years-old.
More about Richard Liu
Aside from business, Richard Liu Qiangdong is an accomplished alumnus of Renmin University (China) where he graduated with a sociology degree in 1996. To top it up, he attended the China Europe International Business School for his EMBA. While pursuing his undergraduate degree, Richard Liu spent most of his time sharpening his computer programming skills by taking up freelance coding jobs. After graduation, he was employed at Japan Life, a health product entity. During the two years he worked there, he held several roles including the director for business and director for computers. See This Page for additional information.