In 1998, Richard Liu Qiangdong would found Jingdong, and Jingdong would simply become JD.com in 2004. Richard Liu became an entrepreneur because he needed a way to make money without leaving home or pursuing a government position.
Liu was also motivated to succeed as a businessperson because he wanted to provide a better life for himself and his family.
Richard Liu Qiangdong Grew Up Poor
Richard Liu Qiangdong’s parents had a transportation business that ultimately failed from a financial perspective. Therefore, they were unable to provide him with much more than basic food and shelter. They were also unable to care for his sick grandmother, and it was a constant struggle trying to find medication without a lot of money to pay for it. Go To This Page for more information.
JD.com Grew Into a Powerhouse
As of 2019, Richard Liu estimated that his company was worth about $60 billion, and he also said that his company had more than 160,000 employees. Each year, the company adds about 30,000 employees to help with a variety of tasks such as sourcing goods and shipping products. His goal is to turn JD.com into the biggest company in China, and he thinks that this can happen within the next few years.
Goods Can Be Shipped Around China Quickly
Richard Liu Qiangdong said that he could get a product to a consumer to China within six hours. This is true in both large cities and rural areas throughout the nation. Liu said that it would take about 10-15 days to receive an order from JD.com in the United States.
About Richard Liu
Richard Liu obtained an undergraduate degree in sociology before obtaining a graduate degree in business. He learned to program computers on his own while an undergrad, and Liu Qiangdong supported himself and his family by doing freelance computer work.
More about Liu on https://www.businessoffashion.com/community/people/richard-liu