Richard Liu Qiangdong was a successful businessman long before he went digital. In fact, he owned a string of brick-and-mortar retail establishments that sold optical products. He called the franchise Jingdong and was doing pretty well when the SARS outbreak occurred. It was here that Richard Liu found his true calling. He took his company digital and in 2005 JD.com was born.
Richard Liu was born himself in the province of Jiangsu. His parents were coal-shippers. In 1995, while attending Renmin University where he would get a bachelor’s in sociology, Liu began playing around with computers. Computers were still the new kid on the block and most people dismissed them as a sensation. Not Liu. He spent extra time learning how to code and by the time he graduated and went to China Europe International Business school for an EMBA, Richard Liu Qiangdong knew how to code. During the SARS outbreak Richard Liu used that skill to enter the fresh new world of e-commerce. Visit This Page for related information.
Today Richard Liu is the owner, operator of China’s top e-commerce retailer. His company does business all throughout Asia. Additionally, Richard Liu Qiangdong is also a pioneer for the future. JD.com is also known for its use of AI, automated systems, and commercial drone piloting. Liu has been an advocate for commercial drones for years, and China is the first country that has fully allowed their usage. Commercial drones are part of trend that seeks to fundamentally change traditional business. A factor many have already witnessed in face to face sales, personal marketing, success of start-ups, and the fall of great retail giants.
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.
JD.com sells all manner of retail items and connects buyers to sellers. The company is headquartered in Beijing and has satellite offices everywhere. Stateside companies like Wal-Mart own percentages of JD’s stock. Chinese giant Tencent is also an investor. The company is valued at $56 billion and Richard Liu himself is held at $11 billion in total net worth. .