Richard Liu Qiangdong is a natural citizen of China and also uses the name, Liu Qiangdong. Richard Liu Qiangdong has built a thriving e-commerce venture known as J.D.com since its inception in 2004. The company name he says is formed from his wife’s first name and his part of his last name.
Richard Liu Qiangdong is considered a celebrity across China. His net worth is estimated to be around $5 billion. Richard Liu’s company is one of the top three e-commerce businesses in China. He is listed as the founder, chairman and President of J.D.com. Patrons place orders for consumer products online, and in China, delivery is accomplished through drones within an estimated eight hours. The time for delivery in China is a bit longer for rural towns compared to more urban areas. International deliveries are said to be accomplished within a two-week period. However, J.D.com has alliances with companies such as Walmart and Tencent.
Richard Liu Qiangdong is married. He and his wife have one child and reside in Beijing. Richard Liu Qiangdong holds a Bachelor’s of Arts in Sociology from Renmin University in Beijing. During his college years, Richard Liu opened a restaurant that did not succeed. He attributes this to lack of scheduled time to properly manage its operations. In 1998, Richard Liu Qiangdong established a computer parts retail store in Beijing. He had several locations throughout the area by 2003. The SARS epidemic impacted his retail business, and the decision was soon made to change from a physical setting to online venture. This occurred in 2004 with sales being generated from technology products. See This Article to learn more.
Richard Liu and his Board of Directors have expanded the goods provided over the past 15 years. The company now sells consumer goods including fashion, health products, technology and much more. In the recent past, J.D.com added nearly 30,000 employees in one year, and to date has over 165,000 employees internationally. One of his original reasons to enter the world of business was to assist with family finances.
In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership.
More about Qiangdong on https://www.jdpay.com/liu-qiangdong-jd-ceo-about