Richard Liu is a successful businessman as well as a renowned entrepreneur in China. He is the founder and CEO of one of the largest retail e-commerce company in China, JD.com. The company is also the leading online business by revenue. JD.com offers a variety of products ranging from electronics to fresh human foods and offers same or next day delivery to it’s over a hundred million active customers. The firm also continuously utilize cutting edge technology to innovate new solutions for the global economic environment.
Richard Liu was born in China, in Suqian town and his early life was common as of other many families in the region. His parent were coal transporters and instilled essential values of hard work, proper education and encouraged their son to succeed in his all endeavors. After completing secondary level education, Richard Liu enrolled at The People`s University of China where he studied and graduated with a Bachelor`s degree in Sociology. Though Richard Liu focused on his chosen call, he felt the need to expanding his skill to fit for future competitive employment opportunities. Thus, he taught himself computer coding as well as other computer science studies.
Upon graduation, Richard Liu first experience in business happened in Japan Life, a national provider of natural supplements. Here he utilized his previously learned computer skills leading to growth opportunities and eventually gained promotion to head computer department in the company. In 1998, he left his previous employment to undertake entrepreneurial calling fully. He started by setting up a small store in Beijing town selling magneto-optical appliances, a business which grew and transformed to become the online world empire which is valued to worth billions of US dollars. Go Here for additional information.
Within the first five years, Richard Liu had managed to turn his initial investment into a twelve brick-and-mortar store which he named Jingdong. His main ingredient to this rapid growth was his association to customers and exemplary services he offered. In 2003, it was an unlucky year for Richard Liu and the entire business persons in China due to the outbreak of SARS. Although many businesses were paralyzed, the condition gave Liu another shift in marketing strategy, and he established an online retail shop.
Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.
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