Last year, Richard Liu Qiangdong visited Dallas, Texas for an interview with Davos-Klosters. In the interview, Liu Qiangdong talked about starting his company and building it from the ground up. He also revealed some personal facts that helped shape JD.com into what it is today.
Visiting Dallas wasn’t just about giving an interviewing. Richard Liu Qiangdong loves meeting people from around the world and hearing what they have to say. No business can grow internationally if its leadership isn’t listening to global opinion. In Liu Qiangdong’s words, he values times when he gets to hear from new people.
People also like hearing from Richard Liu Qiangdong. Liu Qiangdong’s story of success is inspiring to many people around the world. He built one of China’s most successful online companies out of nothing. Every entrepreneurial venture he took before 1998 failed, including a restaurant that went completely belly up.
His family was poor throughout his childhood, and his first degree was in sociology. After moving to the big city, he wanted to go into politics but quickly learned none of the jobs offered much money. Sadly, his grandmother fell sick, and he needed money to help pay for her treatment. See This Page for additional information.
With no money coming in, he learned computer programming and started taking freelance coding jobs. Eventually, he started making good money and put himself through business school. With an EMBA, he took a job at Japan Life, a health product company. He worked there for two years, playing various roles in the company until he wanted to give entrepreneurship another shot.
In 1998, Liu opened a magneto-optical product store in Beijing. He named the little four-square-meter store Jingdong. By 2003, he operated 12 Jingdong stores in the region. Unfortunately, 2003 was the same year of the SARS outbreak, which made face-to-face contact hazardous.
In 2004, he moved his business online, and by 2005, Liu Qiangdong had closed all of his brick-and-mortar stores. The newly branded JD.com soon attracted international attention and became one of the biggest Nasdaq floats after the company went public.