Richard Liu Qiangdong is the founder and chief executive officer of the retail company known as JD. He recently went to talk about his business ventures and background at a forum. While he was at the forum, he talked to a panelist about his previous experiences in business. One of his notable experiences was when he founded a restaurant when he was a young man. The restaurant initially failed according to Richard Liu. It failed because he wasn’t able to devote a sufficient amount of time to running it. However, he learned form this experience and decided to start a retail business several years later.Prior to his career in technology and entrepreneurship, Richard Liu completed educational programs at two of the top educational institutions in China.
One of these institutions included a leading international business school in Beijing. After closing down another business that he founded, Richard Liu Qiangdong decided to start up his third business. This would be another business in the retail industry. He founded JD in the mid 2000’s and built it from a small retailer to the large conglomerate it is today. When the company first started out, it had a limited selection of products and was also in need of capital. Richard Liu would get the additional capital to expand the selection of products and then increase the sales revenues. This would eventually allow him to build the company into the highly successful business it is today.
With JD being very successful, Richard Liu Qiangdong is looking to begin expanding the company to other parts of the world. Over the past couple of years, he has gradually expanded to other parts of Asia. Last year, Richard Liu expanded the company to countries such as New Zealand. With this expansion, JD has been able to serve a number of key international markets. Richard Liu said that he is looking to expand operations to other regions of the world in the near future. This includes eventual expansion to parts of Europe and North America. While he has achieved great wealth with his business, Richard Liu is more concerned about giving back to society and helping it fulfill its needs. Click here.