How Did Richard Liu Qiangdong Become Wealthy

Richard Liu Qiangdong created a company called JD.com. It is a competitor to an e-commerce company called Alibaba. According to Forbes, Richard Liu has a net worth of nearly $11 billion. He obtained his wealth by holding the position of CEO of JD.com. Before becoming a great leader for JD.com, Richard Liu was employed by a company called Japan life. He would hold several different positions while employed at Japan Life. Japan life was responsible for selling health products. It would be 1998 when he would start a company that would eventually become JD.com. He began with a storefront and he called the store Jingdong. In 2003, Jingdong would switch its name to 360Buy, and it would also begin selling products online Richard Liu would close the storefronts and operate solely online.

Richard Liu would form partnerships and would sell better quality items. He would recognize that selling everyday products to remote areas would produce some value. Richard Liu Qiangdong helps JD.com form the largest fleet of drones in the world, and it allows JD.com to offer shipping options such as next day shipping and same-day shipping to his customers. He led other companies to take interest in JD.com such as WeChat and Walmart. Both companies made Investments in JD.com. Under the leadership of Richard Liu, JD.com will become the first company based in China to go public on the NASDAQ. The stock rose nearly 15 percent the day JD.com had an initial public offering. The company, Google also made an investment JD.com. Richard Liu Qiangdong has thoughts of expanding to Europe and Thailand. Richard Lee has been able to help JD.com obtain 100 million active shoppers.

Richard Liu is considered internet celebrity by some people. He has led the company to grow into almost a $58 billion company. Richard Liu was able to become successful with a college degree in sociology from the Renmin University of China, and he learned computer programming. His Executive MBA from China Europe International played an important role in guiding JD.com. Richard Liu has led JD.com to help the user experience with new solutions and great technology.

Liu Qiangdong: Twitter

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