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The Results Of Richard Liu Qiangdong April 2, 2019

 

Richard Liu Qiangdong, founder, owner, and CEO of the Chinese e-commerce giant JD.com, is estimated to be worth about $12 billion. Today this massive company has around 100 million active loyal customers. Qiangdong first entered adult life by earning a degree in Sociology from The Peoples’ University of China. It was while taking the classes for his degree that he also taught himself computer coding. Immediately after college he became employed by Japan Life. In 1998 he left his position as Director of Computers with Japan Life to begin his entrepreneurial career.

 

Richard Liu rented some retail space in Beijing where he opened a small store that sold magneto-optical products. He named this store Jingdong. The store was almost immediately a huge success because it was known for only selling authorized products, something rare among Chinese technology stores at that time. His products became well known for their top quality. As a result in just five years, he owned 12 profitable stores. This was also something very rare among Chinese stores who for the first several years did not really see much profitability. Read This Article to learn more.

 

It was during its fifth years (2003) that things went downhill for the entire Chinese marketplace. It was during that year that the company saw the SARS outbreak which forced many shoppers to stay inside as much as possible. As a result, many stores went under. Liu saved his business by reinventing it and taking it online. The original name for this online version was 360Buy Jingdong. However, he eventually settled on JD.com. He spent years perfecting its customer service and website interface. Today the JD experience is so streamlined that any shopper no matter how inexperienced can easily handle it.

 

He also quickly began offering more and more types of items on his site. He did this by forming many partnerships with vendors from other industries. Richard has even formed partnerships with Walmart and Google. Today it is considered the Amazon of China. It is proud of the fact that it has the full capability of delivering to anywhere in China no matter how remote.

 

Visit his page on http://richardliuofficial.com/