Richard Liu is a highly successful businessman and the founder of JD.com, the largest e-commerce company in China. Through his company, Richard Liu has amassed a net worth of more than 12 billion dollars and his company is worth more than 60 billion dollars as of 2018. JD.com has many huge corporations behind it as shareholders, including Tencent and Walmart.
Business wasn’t Richard Liu Qiangdong’s first course for a career when he started at Renmin University in China, instead, he earned a degree in sociology. By 1996, Richard Liu graduated and earned his degree, but he spent most of his time doing freelance work in programming. Rather than continue his studies off of his first degree in sociology, Richard Liu Qiangdong returned to school at the China Europe International Business School. Here, Richard Liu earned his EMBA and quickly took up a position at Japan Life, a company specialized in health products.
For two years, Richard Liu stuck with Japan Life, moving throughout different positions, but most importantly, he gained a wealth of knowledge and business experience. Richard then took this experience to start out on his own to be an entrepreneur and businessman under his own name. He started the company Jingdong, a magneto-optical business in the heart of China.
Business went well for Richard Liu at his first company, and within 5 years he had expanded twelvefold. In 2003, both a tragedy and blessing struck Richard and his business due to the SARS outbreak. WIth his business threatened, Richard Liu had to think outside the box and he decided to do away with physical shops altogether. In 2004, Richard Liu Qiangdong founded JD.com and began to focus entirely on e-commerce. Today, JD.com has hundreds of millions of customers per month with an enormous range of products to purchase, from electronics to the fine arts.
Liu Qiangdong: Twitter.