Richard Liu –  China’s Business Magnate

Richard Liu

Richard Liu Qiangdong, the founder of JD.com or Jingdong Mall, is a Chinese entrepreneur and business magnate. Qiangdong founded JD.com in 1998, becoming one of the largest online retailers in China. With over 100 million customers and annual sales of over $25 billion, JD.com is a significant player in the Chinese e-commerce market. In this blog post, we will take a closer look at Richard Liu Qiangdong’s life and career and discuss his success as an entrepreneur!

Richard Liu Qiangdong was born in 1973 in Suqian, China’s Jiangsu province. He grew up in a family of farmers, and his parents were very strict with him. Liu has said that his father used to beat him regularly and that this experience made him a strong person. After high school, Liu attended the Renmin University of China in Beijing, where he studied sociology.

Liu’s career began in 1996 when he started working for Japan Life, a direct-sales company that sold health products. He was quickly promoted to store manager and then regional manager. In 1998, Liu founded JD.com (then known as Jingdong Mall), an online marketplace that sold electronics and other items. Jingdong Mall was a success; by 2003, it had generated over $30 million in annual sales.

In 2004, Richard Liu made Jingdong Mall public, and it became JD.com. The company has since grown rapidly, and today it is one of the largest online retailers in China. In 2016, JD.com surpassed Walmart to become the world’s largest retailer by revenue.

Liu has been credited with helping to revolutionize e-commerce in China. He was one of the first entrepreneurs to embrace the “new retail” model, which combines online and offline shopping experiences. Under Liu’s leadership, JD.com has built a vast logistics network that covers all of China, making same-day and next-day delivery possible for millions of people. Visit this page for related information.

 

Learn more about Richard Liu on www.joybuy.com/richard-liu-jd-ceo-about