Richard Liu is one of the top entrepreneurs in China. He is the founder and chief executive officer of a top retail company known as JD.com. As the top executive and founder of one of the most reputable retail companies in China, Richard Liu has been interviewed a number of times. In his most recent interview in 2018, he talked about his business and how he manages it.
One of topics he discussed was how the company was started up. During this interview, Liu talked about how the company was founded after looking for a way to reach customers through ecommerce. Since his company is in the ecommerce retail industry, Richard Liu Qiangdong has talked about his company’s shipping policies. He said that in major cities such as New York and London, his products can be shipped within a few business days. However other cities such as Washington DC will require up to two weeks to be shipped to a customer.
In 2004, Richard Liu Qiangdong founded JD.com and looked to build it into one of the most successful retail and ecommerce businesses in China. The company sells a variety of common products that are practical and useful for most customers. Over the last few years, Richard Liu has looked to expand the company and build it into a leading international company. As well as expansion, Richard Liu Qiangdong has also looked to improve the company operations. Liu has emphasized technological development to create a more efficient shipping process. Today, the company uses drones to ship products to customers throughout China.
Prior to starting up JD.com, Richard Liu Qiangdong started up another business. The company was called Jingdong which specialized in selling a number of optics products. While the company was successful at first, it was eventually shut down due to an outbreak of SARS. Since customers were no longer able to leave their homes, his business suffered. See Related Link for additional information.
This prompted Richard to start the ecommerce business JD.com. Richard Liu Qiangdong worked as a director or computers and business as well as being a freelance computer programmer before becoming an entrepreneur.
Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.