Richard Liu Qiangdong Discusses Expansion Goals at World Economic Forum
Richard Liu Qiangdong is one of the most successful entrepreneurs in the world. He is the founder and chief executive officer of the retail company JD. At the World Economic Forum, Richard Liu talked about his business. When talking about his business, Richard discussed his intention to expand the company’s shipping routes. He plans on offering shipping to major cities in the United States and the United Kingdom. Richard hopes to establish shipping routes to cities such as Washington DC and London. Along with discussing the shipping route expansion, Richard also discussed how his company JD got started.
During his career, Richard Liu Qiangdong has founded three businesses. His first business was a restaurant that he founded while still attending college. This restaurant was a moderately successful business that he eventually shut down. The second business he started was a magneto optics retail shop. While it was successful during its first year of operation, it was forced to shut down due to a SARS outbreak. As an entrepreneur in the retail industry, Richard Liu realized that offering ecommerce was critical to long term success. As a result, he founded JD which emphasized ecommerce and innovation to meet consumer needs. JD became his most successful business as it has emerged as the largest retail company in China.
Before starting up businesses, Richard Liu Qiangdong worked in the technology sector. He learned computer programming while he was in college. This allowed him to develop the skills necessary to get good employment opportunities. For a number of years, he was working in the computer programming field for various companies. This would lead to him attaining a position as a technology executive at the company Japan Life. His successful career in technology enabled him to gain the leadership skill necessary that would help him succeed as an entrepreneur in the future. Prior to starting his career, Richard Liu Qiangdong attended college and business school. He went to one of the best universities in China to learn sociology. Richard Liu completed an undergraduate degree program in sociology. After completing the degree in sociology, Richard would then attend business school at a leading international educational institution. This gave him the educational foundation to pursue opportunities as an executive.