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Richard Liu Qiangdong: The Asian Bezos

June 4, 2019 - Author: steph - No Comments

Richard Liu Qiandong is one of the best e-commerce CEO’s . At a young age, he started as a computing executive at Japan life and has grown into one of the most powerful men in Asian business. He was born into a family of coal shippers and has grown into a multibillion dollar mogul. At an early age, he finished his degree in Sociology before going onto what he was interested in. This happened to be computing technology and coding. He honed his unique skills and became a force to be reckoned with, the experience allowed him to be placed in a position of authority at Japan life.

During that time, he increased the company’s reputation and was a major player in the profitability of the system. His business growth has been remarkable and something every entrepreneur should learn from. After his time there, he took time to understand what he wanted. He then went to the European school for business management and obtained an MBA equivalent degree. Five years after working at Japan life, he decided to open his own shop and this was very healthy decision. His company went on to be very successful and he became a man of his own. His impressive success let them to open more retail shops around the region, by the time he was done, he had about 10 retail shops in the area but as every company knows, it always comes a point of challenge.

Around 2002, the SARS outbreak hit China and its effects were borderline catastrophic to the company. People are scared to come into the shop because of fear of infection, as a result, profitability was reduced. The shop wasn’t making as much as they would under normal circumstances, as a result Richard Liu Qiandong had to look for new ways to bring in income. He decided to sell his shops, and use all the money gotten from them to build an e-commerce platform that would benefit him for decades to come. Currently, JD is one of the biggest companies around Asia. They are steadily reaching the levels of Alibaba as time goes. Click here.

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