Learning from an Example with Richard Liu Qiangdong
Richard Liu Qiangdong is the founder and Chief Executive Officer of JD.com, also referred to as Jingdong. JD.com is a leading technology aided online retail platform in China. Richard Liu founded JD.com in 2004, after the collapse of his brick and mortar stores, which dealt in electro-magneto products. Over the years, Richard Liu has propelled the e-commerce business to a market leader in the Chinese e-commerce arena.
But Richard Liu Qiangdong has not become a business magnate by chance. A closer look at his journey through the business world is a valuable insight to those aspiring to prosper in business in future. His business career journey is in itself a lesson to those who would probably think that success comes easy.
After graduating with a degree in sociology from the Renmin University of China, Richard Liu Qiangdong had the option to secure a well-paying job with a prestigious company. However, he was well aware that no job could be well paying than an own business. Realizing that he had no skills to start his dream business, he decided to take on freelance coding work. Through the coding work, Richard Liu developed advanced practical skills in computer programming, which served as an essential recipe in his future business endeavors.
Upon acquiring the necessary computer programming skills, Richard Liu Qiangdong decided to acquire some knowledge in business management. To actualize his plans, he enrolled in the China Europe International Business School, where he obtained an EMBA. The degree equipped him with the necessary knowledge in the management of a mega business empire.
Upon acquiring a master’s degree in business management, Richard Liu sourced the much-needed experience to guarantee success in his own business. To this effect, he secured employment with Japan Life, a company which primarily dealt in health products. During his short stint at the company, he held prestigious management positions as the director for business and computers.
With all the necessary ingredients to start on his own, Richard Liu Qiangdong set up his first business in 1998, which he named Jingdong. As explained earlier, the business collapsed, but the collapse led to a more innovative venture, thanks to Liu’s resilience. The downturn led to the foundation of JD.com, one of the leading Chinese e-commerce retailers. Click here