Creating a successful business is not always an easy affair. You have to go through many challenges, and that is the reason many startups fail.
However, Richard Liu has proven that creativity and determination can be the driving factors behind the success of any investment. This Chinese entrepreneur has surprised people by creating a business, JD.com, and transforming it from one that was operating from a small physical office to that which has over 100 million global customers. In addition to that, the company fast turned into a multi-billion-dollar business after that transformation.
A look at his early days
Richard Liu Qiangdong was born in Jiangsu, a province in China. He spent his early childhood there going to primary and secondary schools. His mentors were his parents who worked at a local coal form. They always told him about the importance of hard work and a good education.
Because of their advice, Liu went ahead to join the People’s university of China. It was after graduating from this university that he noticed his passion for computers. He trained himself in computer coding and computer science and after that, he was ready to start his career. Refer to This Article for more information.
Focus on his career and business
When he graduated from the university, Richard Liu Qiangdong chose to be employed rather than going into business. He says that he wanted to get some experience under established companies before venturing into business. This saw him work for a company called Japan Life. It is a company that was a large scale distributor of natural supplements. He quickly learned the trade impressing his employers who appointed him to be the director of computers. However, in 1998, he decided that it was time to start his own company and therefore he left employment.
His first business was selling magneto-optical products in a shop that he rented in a local town. After some time, Richard Liu decided to go for online customers and therefore, Liu created an ecommerce website. The fast growth of his business is what led him to partner with other companies that wanted to sell their products on his platform, JD.com.
Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.
More about Richard Liu on http://corporate.jd.com/richard-liu-jd-ceo-about