Richard Liu Qiangdon, the president of the largest online conglomerate in China

Richard Liu Qiangdon recently spoke at the World Economic Forum’s annual meeting. He also spoke about his journey in the business world. Of interest was his online business, JD.com. He told the attendees that he named his business JD.com from abbreviating his name and his wife’s name. He also spoke about how he ventured into online business after the SARS epidemic that hit China.

Richard Liu talks about JD.com

During the meeting, Richard Liu told the press that his business stood out from the other online stores because they prioritized on improving customer service as well as selling genuine goods. Since JD.com was launched, the company has grown and is currently worth more than US$60 billion. The company has a workforce of about 167,000 employees and they keep hiring on a weekly basis.

Richard Liu also said that he looks forward to growing his business into the biggest online market in China. Aside from having clients in his home country, Richard Liu also revealed that they deliver to other customers across the globe. Among the most selling products at JD.com are fashion and consumable products. He also spoke about how the company has improved their delivery systems. According to this professional, his business has succeeded because they treat all customers differently.

About Richard Liu

Richard Liu is a renowned entrepreneur and the founder of JD.com. He also serves as the chief executive officer of this multi-million dollar establishment. He is a graduate of China Europe International Business School and the Renmin University of China. Richard Liu is currently worth $12.7 billion. He is married to businesswoman Zhang Zetian and together they have two children.

Richard Liu initiated career as a programmer while in college. After his graduation, he secured a job with Japan Life where he worked for two years and left to start his business. In 1998, he launched a magneto-optical distribution business. Six years later, he has succeeded in establishing more than 12 stores. Following the SARS outbreak that affected thousands of people and killed hundreds, Richard Liu was compelled to abandon business as there were no people to work for him. He later ventured into e-commerce business by establishing JD.com. This business has since grown into one of the largest online business in China and the US.

Richard Liu Qiangdong’s : Twitter