The Interview with Richard Liu Qiangdong
Richard Liu Qiangdong is the CEO of JD.com, and Liu recently did an interview with Weforum.org. This is a site that does interviews with entrepreneurs and innovators. In this interview, Liu spoke about how he rose to success and became on of the richest men in China.
How Liu Got His Start
Liu was raised by two hard-working parents who owned their own business. From his parents, Liu Qiangdong
was able to attain a good work ethic and an understanding of business. Liu went to college to study sociology, but he did not believe that he was going to have a good financial future in this field.
On the side, Liu studied computer programming. After graduating college, Liu embarked upon his first venture as a businessman. He invested his funds in a restaurant, but the restaurant was not successful. Liu did not let that stop him, he continued to try new business ideas until one worked out.
How JD.com Got Its Start
Liu Quiangdong decided to start a distributing business that met with much success. After a few years, Liu’s business was able to open 12 different stores throughout China. Unfortunately, there was a SARS outbreak in 2003 that threatened the livelihood of Liu’s business. In order to stop his stores from closing, Liu decided to start selling his products online. That idea was so successful that Liu was able to later expand to sell more items through his e-commerce shop. Read This Article for additional information.
Soon, Liu was able to close all of his stores, and sell all of the items online. That is how JD.com got its start. Liu had no idea that his idea to close down his stores would lead him to incredible success. Liu is now on his way to be one of the most successful businessmen in the world.