About Richard Liu, JD.com Founder
Richard Liu Qiangdong is the founder of JD.com, one of the largest online retailers in China. He started the company in 1998 with just $500 in capital. In 2014, JD.com became the first Chinese company listed on the NASDAQ stock exchange.
Richard Liu has an imposing resume and is considered one of the most successful entrepreneurs in China. JD.com, formerly Jingdong and 360buy Ltd., is a Chinese e-commerce company headquartered in Beijing. It is one of the two largest B&M Chinese retailers, and owns 70% of China’s CNC market. Here, we will look closely at Richard Liu and his business empire.
Richard Liu was born in Suqian, Jiangsu Province of China. He was raised in a low-income family and had to drop out early to support his family. When he was just 18 years old, Liu started his first business selling magneto-optical products. This business quickly failed, and Liu was left with heavy debt. Despite this setback, Liu did not give up on his entrepreneurial dreams.
In 1998, Liu Qiangdong started Jingdong (now JD.com) with just $500 in the capital. Jingdong was originally a brick-and-mortar electronics store in Beijing. It soon became an online retailer due to the SARS outbreak in 2003. The company was able to take advantage of the growing popularity of online shopping in China. By 2014, JD.com had become the largest online retailer in China and was listed on the NASDAQ stock exchange.
Richard Liu pursued a degree in sociology at the Renmin University of China, one of China’s leading universities. Under Liu’s leadership, JD.com has become one of the most successful companies in China. It is now worth over $50 billion and has over 300 million active users.
Richard has been credited with changing the way people shop in China. He is a true visionary and an inspiration to many aspiring entrepreneurs. Liu is also a strong advocate of philanthropy and has donated millions of dollars to various charities.
Liu was featured as an Honoree in Variety 500 entitled, “JD.com Richard Liu; Founder / Chairman / CEO”, 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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More about Liu Qiangdong on https://en.everybodywiki.com/Liu_Qiangdong