Richard Liu has emerged as an inspiration to young entrepreneurs from across the globe, especially in the e-commerce and internet sector. Even though Richard Liu started the retail operation earlier on selling magneto-optical products, he had to eventually shift to e-commerce when China went through the SARS epidemic.
At the beginning of his career, Richard Liu worked for a health and wellness firm by the name of Japan Life, a multi-national company offering health and wellness as well as weight loss products. Richard Liu self-learned computer programming in his free time, and it is what helped him get a job at Japan Life. Go Here for additional information.
In time, the performance that Richard Liu showcased helped him become the director of computers at Japan Life. However, he soon left the company to start his own business, and it is during this time he bought a small store in Beijing at China’s Technology Hub, a commercial complex. At the store, he started selling magneto-optical products, and as the store started getting the sales that he was after, Liu continued to expand the products’ inventory. He added electronic appliances to the list, and in time, from one store it became a chain of nearly a dozen stores.
Richard Liu is a progressive businessman and understands that to stay competitive; he has to keep on trying new and innovative strategies that would help his e-commerce company, JD, to reach new heights of success. Richard Liu Qiangdong continues to find new ways to improvise his business strategies as time passes and the business world evolves. JD is the e-commerce portal that Richard Liu started when his physical retail operations shut off.
The success that his company achieved helped him become one of the wealthiest Chinese in the world and is worth over $12 billion currently. He has the majority in the JD’s board of management and has helped the company get listed in the New York Stock Exchange. Even though the e-commerce sector has been highly competitive, JD.com has been able to get through it with the business strategies that Richard Liu Qiangdong helped implement over the years.
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