Richard Liu is the founder and CEO of JD.com. He has worked with this organization since 2004 when it was formed. Over the years, he has proved his capabilities as a business person by building this company from scratch and making it one of the most successful in the world. In a recent interview at the World Economic Forum, Liu talked about this business from how it was formed to now that it is one of the most successful in the world.
Richard Liu was born in Jiangsu province, China. His parents owned a coal-shipping business that gave them little money. They could not give their son the life he would have wanted, but Liu was determined to build his own successful career. They showed him the value of quality education since they believed it was the only way through which he would accomplish his childhood dreams. Richard Liu attended the People’s University of China from where he graduated with a degree in sociology. After university, he found a job with Japan Life, a company that sold health products.
In 1998, Richard Liu started his entrepreneurial journey. He was determined to become a successful businessman, and therefore he had to do what other business people were not doing at the time. He began by setting up one store that sold computer accessories. In five years, he had expanded his business to include 12 stores spread out within Beijing.
Into 2004, there was an outbreak of SARS, an epidemic that made employees and customers remain home-bound. As a result, small businesses such as the one owned by Richard Liu suffered the most. When the businesses remained closed, Richard Liu decided to explore a different means of running his business. It is at this time when he liaised with his managers so that they could come with a solution that would ensure the business remained operational even as times of such challenges if it ever occurred again. It is at this time that he settled on e-commerce business as the solution. Richard Liu is now a globally respected business person who is aiming at building the largest retail business in the world.
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