The Full Scoop On Richard Liu Qiangdong And JD.com

 

Richard Liu is the successful 44 year old CEO of JD.com, largest e-commerce platform in China. Richard started business in 1998 and really started becoming successful in 2004 after the SARS epidemic forced him to sell online instead of in person. Currently including the value of the publicly traded stock, JD is worth over 57 billion dollars in aggregate. Richard Liu himself is worth about 11 billion dollars. As a matter of fact, Walmart is a 12% shareholder of JD’s stock. This is particularly interesting because in an interview recently, Richard Liu was quoted as saying that he wanted to model Walmart’s business model (despite having a product selection in the buildings compared to Walmart’s millions).

 

Richard Liu Quiangdong started out life with a degree in sociology from the venerable Renmin University in Beijing. However, he was more interested in computer programming and so attended the China Europe International Business School to attain his MBA. From his degrees he was able to obtain a job with the company called Japan Life, where he utilized his computer skills. View Additional Info Here.

 

He later branched out and formed his own company selling magneto-optical products, and his business was called “JingDong”: hence the name JD.com. Then the SARS hit in 2004, and the rest was history. Most recently, the founder of the billion-users-per-month platform WeChat invested 215 million dollars for a 15% stake in the company, thus valuing the company at over one billion dollars. This is when things started to get interesting for Richard Liu, where WeChat started aggressively promoting JD as part of the deal. 2 months from the start of this deal, JD then went public on the United States Nasdaq exchange and was one of the hottest IPO’s at the time. Currently, JD is now fighting for the number one spot in China against Alibaba and Jack Ma.

 

Visit: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d