Richard Liu is the founder and CEO of JD.com. This is the most successful online e-commerce enterprise in China. It has a net worth of $11 billion. This is according to Forbes. During the annual meeting at the world economic forum, the accomplished businessman gave first-hand personal and business facts that have helped shape his enterprise to its current state of unmatched success. He was able to interact and hear other people’s voices all-round the globe.
He shared that JD.com was a joint name of his first name and the last name of his wife. Richard Liu enrolled at Renmin University in China and pursued degree course in Sociology in 1996. This was due to his passion for politics. He started building his business in 1998. He later learned computer programming and achieved a freelance coder. This interest was due to the need for more money. In addition, he acquired his EMBA from the China Europe global Business School.
Richard Liu has held various positions at Japan Life, a health product firm, as director of business and director of computers. He also shared about his poor background rising from his parents’ transport business. They would ship coal from north to south China. His first pursuit in his business journey was a restaurant.
The financial challenges at his initial start-up led him to rent a small store that sold magneto-optical items that he named Jingdong. This enterprise grew to 12 stores by 2003. Thereafter, he opened an online business that was more efficient with better customer satisfaction and reduced costs. The online giant business is now worth over $60 billion selling more IT products, cell phones, and other digital items.
Richard Liu adds that business is the fastest retailer in China. The venture offers 97% delivery within 20 hours and 57% of Jingdong’s clients’ delivery in only 6 hours. The 44-year-old man has opted to leave a legacy globally as a good guy, a likable son, a great husband and a good father to his children. In addition, he is the epitome of success in the business world.
Jingdong’s: Facebook Page.