Richard Liu Qiangdong is a leading business person in the world. He is the founder of JD.com, the largest e-commerce platform in China. Liu is an inspiration to many budding entrepreneurs from all corners of the globe because he has created his business from scratch to now that he is among the best. He did not inherit any wealth from his parents or kins, but he eventually succeeded in work because he was passionate about entrepreneurship. Today, JD.com is ranked as the fourth largest business in China by market value. Liu estimates the current networth to be above $60 billion.
Richard Liu has been in business since 1998. He established a brick and mortar computer accessories business known as JingDong, which he later changed to JD.com after shifting to e-commerce platforms. Within five years that he operated the physical stores business, he had opened 12 stores for computer accessories. His ability to expand a business was already in place even before going onboard with an internet-based business. Today, JD.com is leveraging on the modern technologies that are making it easier and efficient to run an e-commerce platform. By applying the latest cutting-edge technology, the business is able to reach out to the customers in the shortest time possible. Today, JD.com is using robots and drones to deliver products within China. There are plans to expand this capacity to reach other neighboring countries.
Richard Liu Qiangdong delved into online business knowing very well that he had identified some of the challenges that affected other businesses doing e-commerce before. He recognized some of the complaints that customers had and decided to rectify them. For instance, he was determined to change the culture of sending fake items to customers. He also introduced price invoices to ensure that price cheating was eliminated. Richard Liu offered customers a genuine and honest platform where they could purchase items and have their orders fulfilled within 24 hours.
Richard Liu Qiangdong says that he is not giving up until JD.com becomes the largest business in China. This has always been his wish since he started and he is sure that through the steps he is taking, he will actualize the dream.
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