Richard Liu Qiangdong is today one of the most notable entrepreneurs in China. He is the founder and CEO of the prosperous e-commerce platform, JD.com. Today, JD.com is one of the two top e-commerce platforms in China. As of 2018, Liu was estimated to be worth more than $12 billion. This billionaire has a marvelous life and business journey.
Childhood and early life
The billionaire and entrepreneur, Richard Liu was born in Jiangsu province in China of a humble family. Liu has a reasonably normal childhood like those of many children from those days. His family earned their living through a family shop run by his father. Not being well off, everyone in the family had to work hard to make ends meet in their coal-shipping side business too. Liu was introduced to business at an early age of three by his father who took him has his aide in selling watches in their family shop.
Liu’s parents wanted their son to get a good education and soon after he was done with his primary and secondary education, they send him off to The People’s University of China. Here he enrolled for a Bachelor’s in Sociology. While at this institution of higher learning, Richard Liu Qiangdong also focused on diversifying his skill set to become more lucrative to employers. In a quest to expand his skill set he learned computer programming. This skill would prove to very vital to his future success while at the same time earning him pocket money while still in school.
This JD.com founder and CEO jumped into entrepreneurship in 1998 when he left his two-year employment stint at Japan Life. He had worked at this company for two years and eventually became the Director of Computers. He went ahead to open a magneto-optical products shop in Beijing a business that turned out to be very successful. In a span of fewer than four years, he was already running 12 shops. These shops would form the form the foundation of JD.com when he opted to take his operations entirely online in 2004 and expand his product offerings.