Richard Liu Qiangdong is a Chinese billionaire who runs JD.com the largest retail business in China. He built the company with small capital. The company was previously known as Jingdong which was the combination of Richard Liu`s last name and the first name of his first girlfriend. Jingdong business distributed various magneto-optical products which faced stiff competition. Richard Liu realized that the only way to emerge at the top was to provide high-quality products while other companies offered counterfeit products, after six years the company had risen to billion US dollars. Richard Liu had employed many employees to help him run the business and serve many clients at the individual level.
When SARS outbreak begun in 2003, Richard Liu had no other option but to send his employees at home so that they could not be hit. Liu gave them some supplies to sustain their health at homes. by the end of 2004, Richard Liu with the help of one manager decided to venture into online business. They launched JD.com website where the customers would order products to be delivered at their doors. JD.com has modern technology that involves the use of drones and robots to monitor the delivery process. Receipts are also offered upon delivery to promote the security of goods.
Richard Liu has ensured that JD.com expands its reach to London, Europe, Asia, and the US. The products are delivered between fifteen to twenty hours after being ordered. In Beijing, there is a 3-1-1 policy where goods are delivered the same day and after some few hours. All clients are treated the same with the best standard services to maintain good relations with the customers. JD.com currently has a net worth of more than US$60 billion under the management of Richard Liu Qiangdong who is the Chairperson. Refer to This Article to learn more.
Besides his career Richard Liu is married to Zhang Zetian with two children. He is a responsible father and ensures that despite his busy schedule at work he sets some time to spend with his family. Richard Liu parents are also proud of him as he supports them and he is always there when they need him. According to Richard Liu Qiangdong, his greatest achievement is his family.
Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.
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