When it comes to starting a business, every businessperson can tell you that having a successful company is not an easy task. It involves starting numerous companies and then having a few of them fail. But what makes the difference between successful business people and those who are not, is that they shake off their failures and start their business until they succeed. One such successful business person is Richard Liu. After having an instructive company failure from the numerous business ventures, he started selling different computer parts, and this made his company one of the most sort after retail business in Beijing.
Richard Liu is the Chief executive officer and founder of one of the best retail business known as JD.com. This is one of China’s greatest e-commerce platforms, and it currently has a net worth of $7.3 billion. Thanks to the success of the company, Walmart became JD.com shareholder, and this helped increase the net value of the company even further. However, the success of JD.com would not have come about were not for the determination that Richard Liu Qiangdong put into his career and studies. Richard graduated from the Renmin University of China with a degree in sociology.
However, when studying for his degree, he spent some of his time not only as a student but also trying to hone his computer skills by doing freelance coding work. Once he completed his degree, a health product company later hired him, and this was the beginning of business for him. Liu left the health product company and then opened a shop in 1998, which sold magneto-optical products. In 2003, Liu later expanded his business and this led to him opening 12 stores. However, due to the SARS outbreak, the business was about to close down, and this made him question the structure of his company.
The reality that both customers and staff were forced to remain housebound because of the SARS outbreak pushed Richard to start thinking of developing business on an online platform. This was when JD.com was born. This idea became a hit with customers around the world.
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