Richard Liu Qiangdong And The Secret To Online Retail Success

 

Richard Liu Qiangdong is the owner and CEO of JD.com, the largest online retail company in China. The company serves customers all over the country and has access to customers throughout the country. They deliver even to the most remote places in China.

The successful CEO started out in business at an early age. He worked in his father´s transport business before going on to college. While at college he started a restaurant business that collapsed he went on to start a retail company that had physical shops. Richard Liu was motivated by the fact that he needed to help pay for his mother medical and disinterested in the civil service. Liu had 12 stores that sold computer accessories.

The SARS (Severe Acute Respiratory Syndrome) hit China store owners were greatly affected. The disease is spread through droplets that get into the air when an infected person, sneezes, talks, or coughs and it has no known cure. One of his store managers suggested selling online and that was how JD.com was born. The company’s name is a combination of both his and his wife’s name and he considers family and the relationships formed within as Richard Liu’s greatest achievement.

The online market at the time was filled with retailers that should fake products and inflated prices. Richard Liu Qiangdong sees the fact that he chose to run an honest business as one of the major reasons he made a success of JD.com. They created a new face for online retail. Get Additional Information Here.

JD.com, Richard Liu Qiangdong said during the interview, has a market value but it did not start out that way. The company started with only one item then kept adding until they had everything which took 6 years. The company delivers all over the world and Richard Liu Qiangdong hopes to make it a global retailer.

 

About Richard Liu Qiangdong

Richard Liu Qiangdong is the owner of one of the largest online retail companies in China. He is married with two children. He attended Renmin University of China where he got his sociology degree. He enjoys traveling through the desert and swimming.

 

See related article: https://www.forbes.com/profile/richard-liu/#77b17bbf2677