Richard Liu, the founder of JD.com, is currently one of China’s wealthiest people and the world’s 17th richest person according to Forbes’ 2018 list. Bloomberg has also ranked him as the 4th most influential billionaire in Asia. How did he get there? Today we will explore his journey from humble beginnings to becoming a leader in e-commerce! In 1998, Liu enrolled at Beijing University of Posts and Telecommunications (BUPT), where he studied computer science. While attending BUPT, Liu founded Jingdong Century Trading Co., Ltd. (later renamed JD.com). The company began as an online retailer specializing in selling CDs and DVDs.
After graduating from BUPT, Liu returned to China’s Silicon Valley -Zhongguancun – and grew his company. By 2004, JD.com had become one of the largest online retailers in China. The company then expanded into new markets and products, such as home appliances, food delivery, and apparel.
Today, JD.com is one of the world’s largest e-commerce companies with over 500 million customers and annual sales exceeding USD 55 billion. Liu has been praised for his visionary leadership and focus on customer satisfaction. JD.com was ranked #13 in the 2018 Temkin Experience Ratings – an annual ranking of how healthy companies deliver customer experiences.
Richard Liu started his first business at the age of 17. He was selling clothes out of his dorm room to classmates and friends! He founded JD.com in 1998, which is now one of the world’s largest e-commerce companies. In addition to his success as a businessman, Richard Liu has also been recognized for his philanthropic work. He established the “Liu Gift” foundation in 2006, focusing on education and poverty relief.
So what makes Richard Liu such a successful entrepreneur? Many would say his passion for innovation and willingness to take risks. For example, when other online retailers only focused on small items like books and music, JD.com was selling large items like appliances and furniture. This willingness to think outside the box has helped JD.com become one of the world’s largest e-commerce companies!
Richard Liu is an excellent example of achieving success through hard work, determination, and innovation. We can all learn from his story and apply these same principles to our own lives!