Online Business Guru – Richard Liu

Jingdong and 360buy Ltd are currently known as JD.Com

Richard established the e-commerce investment. Richard Liu Qiangdong has been the organization’s Chairman and Chief Executive Officer since its launch in 2004. Liu is a native of Chang’an, a small community outdoors in the city of Suqian in the Jiangsu province of China. The village was not well developed as it lacked amenities, including electricity and water.

Before Richard was born, the family had a good life but later lost all they had and began working on a rice farm. Being the youngest, Richard was left behind while others went to the farm. He stayed with his maternal grandmother, who taught him to make good use of what he had.

The family did not owe much; Richard’s grandmother would teach him to cook with whatever they had; sweet potatoes and corn. Nevertheless, when things were working well for the family, Liu and his grandmother would go to the nearest market to bribe a meat vendor to get the fattest pork meat he had. The fat residue from the pork was stored to be used throughout the year. Staying with his grandmother allowed Richard Liu to be innovative. He suggested they separate the remaining fat from the pan using hot water and make soup.

Even though Richard Liu came from a less fortunate family, he was ambitious. He always dreamt of being a village head to help those less disadvantaged in the community. Liu Qiangdong was a good leader; he always led his classmates to various occasions and events. During school holidays, Liu would visit the nearest town to see various developments.

Through the help of his village people, he joined the University in the city. At the University, Richard launched his first business of selling CD ROMS. The business expanded, and he was able to change the life of his family back in the village. An online business was born when the country was affected by SARS in 2013. Richard Liu is the owner of one of the leading e-commerce organizations across the world. Refer to this article to learn more.


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