Richard Liu Qiangdong a billionaire and a renowned internet entrepreneur was born in Jiangsu, China in the early 1970s. During his child age, Richard Liu had ambition dreams of becoming a great person in the society. In 1996, he pursued a bachelor’s degree in sociology at the People`s University known as Renmin University of China; he later attained an EMBA at China Europe international business school. Richard Liu has a great experience on computers which he learned during free time. Richard Liu is married to Zhang Zetian and a father to two children.
After his graduation, Liu Qiangdong was employed in a Japanese health products enterprise to serve as a director for both the business and the computers; he was also a logistics supervisor. In June 1998, Richard Liu started his own company which specialized in distributing Magneto-optical products. This business expanded leading to the establishment of twelve more stores. Visit This Page for additional information.
An outbreak of a viral respiratory disease of zoonotic origin known as severe acute respiratory syndrome led to fewer customers in Richard Liu`s business, and as a result, he decided to involve himself with the internet. He created a website known as the JD.com in 2004 which marked the beginning of his e-commerce business.
JD.com is among the leading online businesses in China. Richard Liu who is the chief executive officer established JD.com after dissolving all his previous stores. JD. Com is a multi-billion enterprise that deals with high-quality consumer products as well as electronics. This business has developed dramatically and serves almost a billion active users in a month. JD.com has prominent shareholders who foresee its success they include;
- Walmart whose stake is at 12%,
- WeChat owner who has a 15% stake in the company. WeChat a social network site its role is to ensure that JD.com has more active users than the company was previously.
- com also has invested millions of monies with Farfetch to capitalize on the two companies’ maximum excelling in the luxury fashion field.
Despite the stiff competition from Amazon, Alphabet, and Alibaba companies JD.com has put in place plan that will create a more efficient online system in the future. JD.com is an enterprise that entails big data and robotics for creating the 4th industrial revolution.