Richard Liu: From Humble Begins to Tremendous Wealth

Richard Liu Qiangdong is the man behind JD.com the multi-billion e-commerce platform. JD.com serves millions of people around different countries. The company has over one billion products that customers can select. It prides itself in offering quality products to customers and fast delivery services.

The successful businessman had to work hard to attain the wealth he currently enjoys. Having come from a peasant family, Richard Liu knows the how badly he needed to work hard to change his life and that of his family. His family had to work extra hard to make ends meet. He remembers that the first time he was called to go to Beijing; his family could not raise enough money for his transport. The family got help from neighbors who managed to raise funds for his transportation.

In an interview, Richard Liu explained that he has been able to grow his business by learning from his previous mistakes. Before venturing to the retail store, Richard Liu had opened a restaurant business. However, after some few months, the business collapsed. He stated that his restaurant business failed because he was still taking his studies and could barely get time to focus on the business. After graduation, he worked in a health product company in Japan where he worked in positions before leaving to start his company.

Richard Liu launched his retail business back in 1996. Back then, his operations were conducted in 12 physical stores in Beijing. The decision to go online came at a time when China was going through the SARS epidemic in 2014. Because people were mostly indoors to avoid being infected, Richard Liu decided to send his employees home and close shop. This affected his business, and he started looking for ways to reopen his operations without endangering his life and that of his employees. One line manager suggested start selling their products online. Within no time, his e-commerce business was making more than he had anticipated.

Richard Liu enjoys swimming, going to the desert and talking walks when he is not busy working. He hopes one day people from all around the globe will be able to access services offered by his company.

Richard Liu Qiangdong’s : Twitter