Richard Liu Qiangdong Makes A Debut At The WEC In Switzerland

 

Richard Liu Qiangdong, is the founding chief executive officer of JD.com, one of the largest online retailers in China. Richard Liu shot to international fame after developing JD.com from a little online startup in 2004 to a vibrant corporate entity. Today, the company is worth $57.6 billion, and Liu’s net worth is estimated at $11 billion according to Forbes.

Richard Liu Qiangdong is a self-made billionaire businessman. After graduating from the Renmin University of China, he spent much of his valuable time doing freelance computer coding work. Through the freelance work, he perfected his computer skills, which proved to be a worthy asset in his future business ventures.

Later on, Richard Liu secured employment with medical supplies company, Japan Life, where he served for two years. During his time at Japan Life, he served as the director of business and computers, gaining the necessary experience to start his business.

In 1998, Richard Liu Qiangdong established Jingdong, an over-the-counter store, which specialized in the sale of magneto-optical products in Beijing. Within a record five years, Liu’s business had expanded from a single store to 12 shops across Beijing. But in 2003, the SARS outbreak dealt his business a blow, from which it never recovered. Find Additional Information Here.

The collapse of the first business sent Richard Liu back to the drawing board. He shut down all his physical stored and went entirely online. The shift from brick and mortar establishments led to the birth of JD.com in 2004.

As one of the most successful and prominent business personalities in the world, Richard Liu Qiangdong made his first appearance at the annual World Economic Forum, which took place in Davos, Switzerland. In an interview entitled “An Insight, An Idea”, Richard Liu shared his plans for the future of his company with other business gurus in attendance.

He also disclosed that JD.com plans to publicly list is logistics business. The move, according to Richard Liu will generate the revenue needed to expand the logistics network into Europe. Currently, it takes 10-15 days for JD to deliver products to its European customers. Even though he did not disclose the exact time when the listing will happen, Richard Liu Qiangdong hinted that the listing would either take place in Hong Kong or Mainland China.

 

Visit: https://www.businessoffashion.com/community/people/richard-liu

Leave a Reply

Your email address will not be published. Required fields are marked *