Richard Liu Qiangdong, The Online Retail Giant In China

 

Richard Liu Qiangdong is the billionaire creator and CEO of JD.com also known as “Jingdong”. This is the character in his name which he shared with his girlfriend, and the website was born out of selling magneto-optical parts throughout Beijing before the SARS virus hit and he had to sell strictly online to avoid contracting the virus. Once the online business took off, he started selling other commercial goods like clothing and electronic goods.

 

Furthermore, because of Qiangdong’s success in selling other goods online, Richard Liu Quiangdong has now been ranked by Business of Fashion as a top 500 “Most Influential Person In The Fashion Space”. Fashion is, of course, a $2.4 trillion market on its own.

 

And so, Richard Liu has been approached by outside investors like WeChat owner Tencent, who invested $215 into the company for a 15% stake. This valued JD.com at well over one billion dollars and put him in a position to list his company on the stock market. Now the company is worth over $50 billion dollars, and Richard Liu Qiangdong could not be happier.

 

Richard Liu Qiangdong started out in the business world by attending college like most people. He went to the acclaimed Renmin University in Beijing and got a degree in sociology while coding in his free time. After that, he got his master’s degree from China Europe International Business School and secured a managerial job at Japan Life. From this path he realized that he wanted more out of life, and so this is how his journey began into becoming an entrepreneur and selling through JD.com. See This Article for additional information

 

Richard Liu is personally worth in excess of $10 billion and has recently donated $397 million to Farfetch: luxury goods seller to over 7,000 locations.

 

View Source: https://www.aacsb.edu/about/advocacy-and-awareness/member-challenges/influential-leaders/recipients/richard-qiangdong-liu