Richard Liu Qiangdong is one of the entrepreneurs who recently attended the World Economic Forum in 2018. While he was at this forum, Richard Liu talked about the background of his company and what made him start it up. After one of this previous retail businesses closed down, he realized that ecommerce was essential to success. As a result, he looked to start up JD which will offer quality products as well as ecommerce solutions. He also talked about how he plans on getting products to customers in other parts of the world. Richard has mentioned that he is looking to expand shipping routes to the United States and the United Kingdom within the next couple of years. For over two decades, Richard Liu Qiangdong has been active in the business and computing industry.
When he completed his college degree programs, he began to freelance as a computer programmer. Richard Liu would also work for one of the top companies in the technology industry and lead its technology department. With these two experiences, Richard accumulated a lot of expertise in one of the most lucrative industries in the economy. His technological expertise would help him develop ecommerce solutions for his most successful company JD.com. During the past two decades, Richard Liu Qiangdong spent a considerable amount of time as an independent business owner. He got his first experience in entrepreneurship when he founded his own restaurant. As a restaurant owner, he was able to learn about the food service industry as well as make money at the same time.
This experience would give him first hand knowledge on how to manage employees, acquire resources and market a business. However, he closed the restaurant down so that he could pursue career opportunities in computer programming and technology management. Richard Liu Qiangdong eventually left the technology industry to become an entrepreneur again. Liu opened up a retail store that sold vision products to local consumers. However, the store closed down because it was not using ecommerce solutions to allow people to buy products on the internet. This convinced Richard Liu that he needed to develop ecommerce solutions so that he can maintain a profitable company. He would use ecommerce for his latest company JD.com. Liu founded JD and quickly built it into one of China’s most profitable companies.
Source of the article : https://www.credit-suisse.com/microsites/conferences/aic/en/speakers/speakers/richard-liu.html