Richard Liu Qiandong is the Chairman and Chief Executive Officer of China’s most prominent e-commerce platform, JD.com, which currently employs 167,000 people, while offering its services to more than 100 million active customers.
With an estimated valuation of $60 billion, JD.com has grown exponentially each year and has secured a number of prominent investors, most notably, Amazon and Walmart. With the world’s largest fleet of drones, as well 500 logistics centers throughout the country, JD.com operates with extreme efficiency, boasting an average delivery time of 3 hours in Beijing, and 6 hours across the country.
Despite growing at a rate of 100 percent, the 44-year-old CEO has shown no signs of slowing down, as he plans to expand throughout Southeast Asia, as well as the United States and Britain in the immediate future. Next year, he plans to increase the number of employees by 30,000.
Despite being one of the most prominent entrepreneurs in the world today, Richard Liu Qiandong’s road to the top began in the Jiangsu province, in the small town of Suquian. It was there that his parents worked as coal-shippers, operating their own small business. During this time, Richard Liu learned the intricacies of entrepreneurship first hand, albeit in a smaller capacity. Excelling in his studies throughout his youth, he was accepted to The People’s University of China where he majored in Sociology. While seeking work, Richard Liu began to study computer science, helping him to garner a variety of freelance work assignments, as well as his first job with the supplement company, Japan Life. After becoming the Director of Computers, he left Japan Life in 1998, launching his initial store in Beijing’s tech sector.
By 2003, Richard Liu Qiandong’s brick-and-mortar operation had expanded to twelve locations, but the flourishing entrepreneur would face a number of obstacles as the SARS epidemic ravaged China. As interpersonal communication came to a considerable halt, Richard Liu launched the first iteration of his e-commerce empire, operating it dually with his physical retail stores. By 2005, 360Buy Jingdong had become a standalone online retailer and was later renamed to JD.com.
To know more visit @: richardliu.wikidot.com/