Richard Liu Qiangdong is the CEO and Originator of JD.com. JD.com is a top e-commerce podium in China. The company is worth $57.6 billion while Richard Liu’s net worth is $11 billion. Walmart an investor at JD.com currently raised its stake to twelve percent. In 2017 JD.com invested $397 million in Farfetch.
Richard Liu is a graduate from the Renmin University of China with a degree in Sociology. As a student he mostly spent his time freelancing coding work with the help of his computer programming skills. Richard Liu Qiangdong also has a degree with an EMBA from China Europe International School. After his graduation he secured a job with Japan Life, a health product company. He served for two years as a director for computers and director of business among other roles. Richard Liu Qiangdong has a variety of honors known as 2017 variety 500 honorees.
Mr Richard Liu opened a shop in 1998 in Beijing. The shop’s name was Jingdong and sold magneto-optical products. In 2003 the shop had expanded to 12 stores but suffered SARS outbreak which was a threat to its future. This led to the birth of JD.com in 2004. Mr. Liu then shifted his focus to e-commerce in 2005 shuttering all his stores. He started trading electronics and other numerous consumer products. Their products were ready in the market by 2010. Richard Liu offers after sale services like shipping commodities to consumers. They also ship products internationally which takes some days. Their main goal is to lead in China. Refer to This Article for additional information.
WeChat owner Tencent joined JD.com in March 2014 acquiring a 15 percent stake worth $215 million. In return WeChat was to promote jd.com on its social network to increase monthly dynamic customers to almost a billion. Within two months JD.com went public in the US in one of the top NASDAQ floats in that year. JD.com is now a main competitor to Alibaba a Chinese e-commerce giant.
Visit Liu on https://www.jonesday.com/rliu/