Being from a family of businessmen, Richard Liu Qiangdong ventured to business while being in his third year of University in Beijing. Consequently opening a retail selling computer accessories in 1998 expanding up to 12 stores. After the SARS epidemic, Richard Liu Qiangdong came to the realization that e-store was doing way much better than retail stores hence shifting gears to e-store. Evidently this was a certain type of risk as online market was known for fake products.in knowledge of this he opted and vowed that his JD .com company would provide only genuine services and products.
As per now JD.com net value is set at 60 billion with over 14000 employees in over 300 logistics center all over China as in the recent year fashion, groceries and consumer goods have been the most popular purchases. Richard Liu Qiangdong in an effort to expand, plans to bring all the best 100% original products from China here go expanding to East Asia, USA and Europe. Product delivery depends fully on the customer’s location hence making JD.com Company the most recommended e-company. Furthermore the service offered by his company is the same regardless of the person.
Richard Liu Qiangdong maintains a healthy relationship with his executives by holding frequent staff meetings to ensure and maintain the rapport and the unity in the work place. This make sure all the employees are catered for. As a good competitor, Richard Liu Qiangdong has recognized Walmart as his biggest competitor in the e-market as per now. Richard Liu’s company is China’s second largest e-commerce company with more than 210 million active customers. As he plans big for the future, Richard Liu cash investments reflects sales proceeds from JD.com’s IPO plus analysis of market performance, taxes, insider transactions and dividends.
According to Richard Liu’s wealth, it relatively shows how the company has risen to be at the top. Nevertheless his Boss receiving a number of awards and recognition. Consequently JD.com’s board cannot create a quorum without Richard Liu’s presence as JD.com has made him an internet sensation.
Richard Liu has latterly invested in Frafetch, fronting the relationship capitalizing massive reach in China. Click here