Founder and Executive Chairman of JD, one of the largest e-commerce portals in the world, and second biggest in China, Richard Liu is a phenomenal personality. The success story of Richard Liu Qiangdong, who is one of the wealthiest Chinese in world, estimated to have the net worth of over $46 billion dollars, has inspired many young entrepreneurs across the globe. From his very childhood, Richard Liu Qiangdong was an enterprising boy and wanted to achieve something in his life. He believed that a career in politics would take him places, but soon realized it won’t help him get a high paying job that would provide him with the financial freedom he is looking for. It is for this reason he went for higher studies and joined the China European International School to complete his Masters in Business Administration.
Richard Liu’s first business venture was starting a restaurant that went on to become a huge failure. However, Richard Liu Qiangdong wasn’t the one to get discouraged by the failures and continued looking for new opportunities. It is when he started to sell magneto optical products through a store he started. It gained momentum and in no time, it became a chain of stores across the country selling many other products as well. The business was running smoothly and successfully but struggled during the SARS outbreak. Richard Liu Qiangdong thought at this time that rather than closing down the business, shifting his retail business online would be a good idea. It gave birth to JD, which has now become one of the benchmarks in the online retail industry for its success, service, and product inventory.
Becoming one of the leading ecommerce companies is not easy, and Richard Liu Qiangdong accepted it. In an interview he said that he works hard to provide his customers with everything they need all in one place. He even orders products from his website to check delivery time. In addition, it also keeps his management on toes as he does not take any delay in a good way. He believes that there is nothing wrong in being competitive and it is the only way he can be successful.
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