Richard Liu Qiangdong, a household name in China’s e-commerce domain, found tremendous success in his industry out of hardship. Before delving into his career highlights, let’s take a look at Richard Liu’s upbringing. The son of two ambitious parents, Richard Liu Qiangdong vowed to echo their triumph by putting his all into his education. He thrived in school, eventually earning a coveted position at the prestigious Renmin University of China. This juncture proved enlightening for Richard Liu, and it was during his collegiate studies that he discovered and mastered art of computer coding.
Upon realizing the value this skill held in professional settings, Richard Liu employed his newfound expertise. As a result, he received an auspicious job offer at JapanLife. The two years he spent with the company proved invaluable, and Richard Liu Qiangdong attributes his enduring success to the diverse experiences he was lucky to partake in. 1998 marked the beginning of Richard Liu’s entrepreneurial career, and he was exceedingly excited to dip his toes in the corporate waters. Jingdong, the shop Richard Liu Qiangdong established, offered magneto-optical products and was a hit among the public. However, in an unfortunate series of events, Jingdong came to a standstill.
When the SARS outbreak reached China, Richard Liu knew that his enterprise would suffer financially. As an attempt to keep the business afloat, Richard Liu switched gears and transformed Jingdong into an online e-commerce platform, JD.com. Given the skills he’d garnered in college, this transition proved a cinch for Qiangdong. Cut to today, and JD.com is currently worth an astonishing $57.6 billion. With that said, companies are champing at the bit to acquire a fraction of JD.com. WeChat is one organization that successfully accomplished this. Richard Liu sold 15 percent of JD.com for a whopping $215 million, and it’s a business move that he invariably reaps the benefits of.
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