Chris Holden

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Article Title: Richard Liu Qiangdong: Making The World More Accessible

by Chris Holden - May 27th, 2019.
Filed under: Business, COMPANY.

The internet is the most controversial, life-altering savior of the modern world. Though it is often used to destroy lives and make fun of differences; it can also be used to unite people in ways like never before. One of the most exciting ways the internet has united people is through top online business.

It’s not as obvious as social media or chat rooms, but online businesses reach millions of people traditional brick-and-mortar stores never could. People learn more about other cultures through online shopping. Since young people are more interested in learning where their food and favorite products come from, it’s opened people’s eyes to new things.

One of the most successful e-commerce platforms is JD.com, founded by Richard Liu Qiangdong. Richard Liu came up with the idea in 1998 when he opened Jingdong. Jingdong was a tiny shop in an industrial park in Beijing. He started out only selling magneto-optical products but still found success. By 2003, there were 12 Jingdong locations.

During his most successful year, 2003, a SARS outbreak set him back. SARS crippled much of China’s domestic economy. It made face-to-face contact dangerous, so people took to more home-bound lifestyles. Though times were dark for many companies, Richard Liu saw a light in the dark. He moved his business online and found new success.

Shopping online suited everyone’s new lifestyle, and JD.com was born. By 2010, JD.com was one of the largest online companies in China. Today, it is the largest e-commerce platform. Once online, Richard Liu wasted no time in expanding the store’s inventory, adding new products every week. Recently, JD announced its first major shipment of kiwifruits and small apples from New Zealand.

Considered one of the greatest internet entrepreneurs of today, Richard Liu did what no one else tried. He continues traveling the world, talking to new people and looking for new ventures and products that might benefit JD.com. Not too long ago, he did an interview in Houston, TX and talked about the challenges he faced when he first started.

Visit More : twitter.com/liu_qiangdong

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