The success that Richard Liu Qiangdong has received through JD.com

Richard Liu has been offering his best at JD.com as the CEO. In a recent interview, he talked about the insights that have been of help from the time he founded JD.com in 2004. Before it became a big enterprise that it is now JD.com was once a small shop that sold electronics based in Beijing. The company at the start they only sold hard drives parts but when they expanded to 12 more locations, they started selling phones and I.T. equipment. But in 2004 there was the SARS virus which caused a lot of loss for Liu. During a meeting with the managers, one suggested that they try setting up an online shop so that to reduce the risk of getting the virus again.

During the interview, he talked about how he spent the next year working on making his page public. Because of the sales that he made selling his products online Richard Liu decided to stick with an online sale. The sales that they received were great because within a year they had added the sales of new products like fashion items and electronic goods.

Richard Liu had worked so hard on the website that it started getting recognition from others like the WeChat owners TenCent. The good thing about that is that for TenCent they are among the wealthiest company in the world. The number of users that Wechat had in a month is one billion.

There has been a massive growth in JD.com to become the largest online company with the direct sales. The market share that the company had in 2014 was of 54.3 percent, and on May 22, 2014, the NASDAQ listed the company. That has all happened under the leadership of Richard Liu. The other achievement is that in 2014 they got first listed and by 2016 they had made it on the Fortune 500 companies list. It’s well recognized to be the third largest online company in the world, and by revenue, it’s considered as the largest in China. Richard Liu was ranked 48 in the Fortune list of world’s greatest leaders. Richard Liu attended the University of China where he attained his degree in sociology. Liu then joined China Europe International Business School where he achieved his EMBA degree.

To know more click: here.

 

Leave a Reply

Your email address will not be published. Required fields are marked *