The Inspiring Beginnings of Richard Liu Qiangdong’s Business

Richard Liu Qiangong is the CEO and founder of China’s leading e-commerce company named Valued at an estimated $12 billion dollars since early 2018, Richard Liu’s success story makes him a young entrepreneurial prodigy. Richard Liu’s business smarts, flexibility and intuition have transformed successfully into an empire that currently serves over 100 million customers. employs cutting-edge technology to revolutionize new solutions for a worldwide economic environment.

Richard Liu Qiangdong was born in the town of Suqian located in China’s Jiangsu Providence. His upbringing was normal of many families in the region. His coal-shipping parents taught the value of hard work, a good education, and inspired their son to succeed in all pursuits. Richard Liu enrolled in the Sociology program at The People’s University of China where he earned a Bachelor’s Degree immediately following his primary and secondary school education. Despite focusing on his chosen major, he began to realize the importance of increasing his boundaries for the sake of becoming a competitive candidate for upcoming job offers. Richard Liu Qiangdong committed to self-study centered on computer science and learned himself computer coding.

Richard Liu graduated in 1996 with a degree in sociology from the famed Renmun University of China, however focusing most of his time as a student sharpening his computer programming skills via freelance coding work. After earning his degree, Liu followed up with an EMBA from the China Europe International Business School. Japan Life, a health product company, hired Richard Liu after graduation. He held a variety of numerous roles during his two year tenure to include director for business and director for computers.

Richard Liu Qiangdong ventured out on his own in 1998, opening a magneto-optical products shop in Beijing, calling it Jingdong. He had expanded to 12 stores by 2003, but an outbreak of SARS caused both staff and customers to stay house-bound threatening the future of Jingdong. The outbreak forced Richard Liu to rethink his physical storefront business design and in 2004 was created. The following year, he shut down all of his stores to concentrate on e-commerce, where he started selling innumerable quantities of quality consumer goods together with electronics.

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Jeremy Goldstein Executive Compensation Experience

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