Richard Liu And Success Story

Richard Liu Qiangdong is the owner of, formerly known as Jingdong. The company was created to sell magneto-optical products but has grown to become the largest online retailer in China. It is referred to as the Amazon of China. Since its establishment, the company has seen tremendous growth. The introduction of e-commerce in 2004 was the onset of outstanding achievements for online retailers. Liu Qiangdong grew up in a humble background and worked hard to get the best and better his society. is evidence of his great work and has earned him a position in the top wealthiest individuals in the world. Currently, he is valued at $301.8 million.

When Richard Liu created, it was a brick-and-mortar shop that sold magneto-optical products like DVD ROM, CDs, among many more. Business ethics and determination saw him upgrade to 12 storefronts by 2003. It was a success for the company, but the inversion of SARS was a setback to its growth.

Fortunately, this was when e-commerce emerged, and Richard Liu decided to take his business online. It because a thing in Asia and has expounded its growth to an international level. Currently, is used in all the continents and has more than 12.7 billion users. The company has grown to employ more than 150000 employees.

Qiangdong has been successful in the e-commerce industry, but this has not been the end for the entrepreneur. He is now eying some developing sectors like high tech and AI drones and robots that would reduce the delivery burden.

Even though successful in the tech industry, Richard Liu initially graduated from the People’s University of China with a degree in sociology. However, he is interested in computer programing and acquired the necessary knowledge at the China Europe International Business School with an Executive MBA. See this page for additional information.


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