Business Leader E-Commerce Online Shopping

All You Need to Know About Richard Liu

Richard Liu Qiangdong was born in the year 1974 in Suqian, China. In 1996, Richard Liu graduated from Renmin University in Beijing, where he studied sociology.

Liu Qiangdong established his business 360buy in 1998, an electronics shop that sold magneto-optical products at Zhongguancun in Beijing. When the SARS epidemic hit, the retail industry in China was affected, forcing Liu to close.

With the emergence of the internet, Liu decided to start an online retailing business in 2004. Later in 2007, Richard ventured into the logistics and delivery market.

Liu contributed to China’s e-commerce in 2014 by building the platform, which changed its name to JD.com. The company raised $1.8 billion in the same year and started trading on the Nasdaq with a public listing. According to Bloomberg, in 2014, JD.com sold its shares, becoming the largest IPO traded in New York.

The same year, Tencent Holdings- Asia’s leading internet company, bought a 15% stake. JD.com merged with Tencent Holding and purchased a stake in Vipshop for $863 million in 2017.

At the end of 2021, JD.com boasts more than 569 million active users. He owns a 14.5% stake in JD.com, where his fortune is derived from which consists of the following:

  • Market and taxes performance
  • Analysis of dividends
  • Insider transactions
  • Shares sales in JD.com’s IPO

According to Bloomberg, he also controls investment entities, namely Max Smart and Fortune Rising, listed in the British Virgin Islands- a holding company that both have a stake in JD.com. He also has a net worth of $13.6 billion. Refer to this page for related information.

 

More about Richard Liu on https://finance.yahoo.com/news/richard-liu-propels-jd-q2-210144432.html

 

Business Leader E-Commerce Online Shopping

Richard Liu Endurance to Become One of the Most Successful People in Tech

Richard Qiangdong Liu is the founder and CEO of JD.com, one of the largest e-commerce sites in China. As a successful tech entrepreneur, Qiangdong is considered a pioneer in online retailing and has been credited with revolutionizing the way people shop in China.

Liu was born in 1974 to a low-income family living in Suqian, Jiangsu Province, China. Despite growing up without much money or resources, he was determined to make something of himself and worked hard to get an education without financial assistance from his parents. In 1994, Liu Qiangdong graduated from Renmin University of China with a degree in sociology before completing an EMBA program at the China Europe International Business School (CEIBS) six years later.

After graduating from college, Liu began working as an IT manager for Japan Life—a health products company based out of Beijing—in 1994. Although he enjoyed his job there, Liu felt his true passion lay elsewhere. He decided to pursue a career change three years later when he opened his first brick-and-mortar store specializing in computer parts and electronics called Jingdong (now known as JD). His decision paid off; within two years, his business had grown exponentially, and by 2003 there were 12 Jingdong stores in Beijing and Shanghai.

In 2004, however, disaster struck when several stores were destroyed during the SARS outbreak in China, so Liu boldly decided to shut down all physical locations and move operations online. This move proved incredibly successful; by 2007, JD had become one of the most visited websites in China. Today it is one of the top 10 most visited sites worldwide, with over 300 million active users visiting it daily.

Richard Liu is an inspiring example of what can be accomplished through sheer determination and hard work despite difficult circumstances. His story is truly remarkable—from growing up poor but getting an education despite having no financial support from his parents to becoming one of the world’s leading tech entrepreneurs.

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More about Richard Liu on https://finance.yahoo.com/news/richard-liu-propels-jd-q2-210144432.html

 

Business Leader E-Commerce Online Shopping

JD.com’s Founder And CEO, Richard Liu

JD.com, also known as Jingdong Mall, is a pioneering Chinese online retailer founded by Richard Liu Qiangdong, a successful Chinese internet entrepreneur. Richard succeeded in eCommerce after establishing JD.com in 2004 and moving his electronics business online.

About Richard Liu; Brief Bio

Richard is considered an innovative and charismatic entrepreneur who has embraced technology, revolutionized eCommerce and built JD.com into an eCommerce leader in China.

Liu Qiangdong had tried various businesses, but his biggest success came when he established Jingdong Mall and made it into an innovative e-commerce business model. Since its founding, Richard has been the CEO, growing the company into one of China’s largest internet enterprises. He established JD to serve as a bridge between China and the world and establish a mutually beneficial long-term relationship with retail suppliers, consumers all over China, and international investors.

About JD.com

JD.com is China’s leading online retailer. Innovation, customer service, and merchandising are corporate priorities. JD.com’s online marketing approach connects buyers and sellers to global customers sustainably to earn and keep market share. They sell gadgets, clothing, home appliances, health and beauty products, and more.

Online Marketing Strategy

JD.com have advanced internet technologies for data management, real-time business intelligence analysis and advanced security technology for network protection and fraud prevention. They have one of the world’s largest online marketplaces, connecting consumers and merchants with an extensive network of logistics service providers.

Finding Success Online

E-commerce has been instrumental in JD.com’s success, allowing the company to scale rapidly. Over the years, Richard Liu has adopted and pioneered many strategies to convince suppliers to sell on his platform. He has also been able to innovate in payment security, logistics and customer service to ensure that his company stays ahead of the competition.

According to Richard, succeeding in online retailing takes creativity, hard work and a willingness to be decisive. Aspiring entrepreneurs need to understand consumer behavior and be willing to make wise decisions.

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More about Liu Qiangdong on https://www.crunchbase.com/person/qiangdong-liu