Richard Liu Qiangdong Speaks About His Journey in the Business Industry

Forbes honors Richard Liu Qiangdong as one of the wealthiest entrepreneurs in the world. The business personality owns Jd.com, an e-commerce platform with a value of $ 57.6 billion. Despite his present-day glory, Richard Liu Qiangdong started as a junior employee working at Japan Life, a company that manufactured and distributed various health products. After serving Japan Life for two years, the renowned entrepreneur opened and managed a small restaurant in Beijing. Later on, Liu Qiangdong closed the restaurant and opened a shop selling computer accessories.

Within five years, the Forbes-listed billionaire managed to develop his computer shop to a prominent supplier of genuine computer parts. In fact, the shop extended its business boundaries to twelve new locations in China’s capital. In 2004, Liu’s computer shops closed down since the government advised citizens to remain confined as a measure to fight SARS, an austere outbreak. In that event, many physical shops closed down since business owners, customers, and employees could not get out of their homes. Richard Liu Qiangdong saw the outbreak as an opportunity to launch Jingdong.

The Beijing-based online marketplace allowed consumers to purchase any consumer goods from the safety of their home. On Richard Liu Qiangdong’s online shop, customers could buy home appliances, fresh/processed food items, popular brands of beverages, all types of fashion wear, and any other consumer product. Jingdong stocked its shelves with genuine goods. On the other hand, Richard Liu Qiangdong hired talented logisticians who ensured that Jingdong’s customers received their purchases in the same or the next day. The efficient logistic system enticed millions of customers. Today, Jd.com serves customers in entire Asia. Richard Liu says that he is looking to expand into the UK, US, and other new markets. Already, Jingdong has partnered with several brands to replenish its shelves with international brands for its global customers.