Richard Liu Qiangdong stands out in the business world for both his approach to his work and his success. He founded JD.com, one of the largest e-commerce businesses in China. Liu hopes that his story can help teach young people that they can do well in life while maintaining their integrity.
How He Started
Richard Liu Qiangdong’s family worked in the transport industry, but Liu himself began his business career with a restaurant. That business failed, but he moved on to found a retail company in 1988. That company would eventually become JD.com. Richard Liu initially focused on sales in a physical storefront, but that changed when the SARS outbreak of 2003 threatened his employees. He experimented with digital sales and shipping his products as an alternative that avoided the risk of physical interactions during the outbreak.
The State of the Company
That simple choice became the foundation for the modern company. Richard Liu Qiangdong chose to focus on providing good service and quality products, which allowed JD.com to flourish. It currently stocks nearly every type of product that consumers may need and can deliver them to almost all of China within a day.
Plans for the Future
JD.com is still growing. Richard Liu hopes to expand his operations until his business is the best in the world. He is currently focusing on expansion within Asia but hopes to spread outward until he has significant operations in every region. Liu’s expansion strategy relies on a mixture of local partnerships, acquisitions, and general growth, but the exact balance depends on each region’s unique characteristics.
Richard Liu also dedicates some of his time to speaking arrangements. Richard Liu Qiangdong often discusses his business and the industry as a whole, with a special emphasis on innovation and the practices that allowed him to succeed. Go Here for related Information.
More about Liu on https://jdcorporateblog.com/about-liu-qiangdong/