Richard Liu is a businessman who finds himself being one of the richest people in the world. He began his trials of delivering parcels using drone technology and is the chairman of JD.com. Being the second-largest business for e-commerce solutions in China, Richard Liu finds himself at number 224 on the list of 500 of the world’s richest businessmen.
Richard Liu Background
He was born in January of 1973 in Suqian, China. When he attended university at Renmin in Beijing, he decided to study sociology and learn how to write computer code in his free time. While still in college, he opened a restaurant near the college campus that soon went under because of his staff embezzling money and leaving him in debt.
After the failure of his restaurant, Richard Liu decided his next adventure would be selling optical products from Beijing’s technology hub. In 1998, China’s retail industry took a downturn because of the SARS epidemic. Richard had to close stores and change his focus to online sales using 360buy Jingdong.
Mr. Liu worked hard building his retail platform online to what it is today. In 2014, the success prompted him to change the name of his company to JD.com. In May of the same year, his company was publicly listed and made more than $1.8 billion on NASDAQ. This success became made the company the largest IPO traded in New York for a Chinese Internet company.
Richard Liu’s website sells a wide range of products from books and home appliances to clothing. In China, Liu’s company is one of the few allowed to access a wireless capacity from one of the country’s existing carriers. In December 2017, the company agreed to buy a big stake in Tencent Holdings worth more than $863 million. This information was publicly announced through a Bloomberg news story that same month.
For details: www.joybuy.es/richard-liu-jd-ceo-about