The good thing about the Internet retail business is that it has unlimited scope. These days, people are buying just about everything online. If you are looking for just about anything, rest assured it can be purchased online, starting from groceries to electronic products and from stationeries to health care products and anything else you can name. One of the companies that have been bringing about a revolution in the world of online retail is JD.com, which was founded by the visionary leader and businessmen Liu Qiangdong.
Richard Liu Qiangdong has studied sociology from China’s Renmin University and MBA from the popular China Europe International Business School. Liu always dreamt of becoming an entrepreneur and the thought of starting his own business came to him when he was selling health care products in China for a company named Japan Life. Later on, Richard Liu Qiangdong started a store in which he used to sell magneto-optical products that went on to sell products of other categories as well.
Soon, there were 12 more stores in different parts of the country, but the SARS outbreak in the country forced the company to sell off its physical stores and switch to online retail. It is what led to the birth of JD.com, and it continues to sell electronic products along with other products primarily. Visit This Page for related information.
The net worth of Richard Liu Qiangdong is estimated by Forbes to be around 11 billion dollars, which is expected to go up in the times to come. He continues to provide his guidance to the management of JD.com to innovate and deliver to be one of the premier online retail giants.
Richard Liu Qiangdong not only aims to increase the offering to its customers, but he also wants to expand to different parts of the world. He believes that just one strategy would not work for different countries and he has to look at the way businesses are done in these countries before taking any decision. In South Asia, he aims to form a partnership with local retailers to set up its business. Liu Quiangdong aims to become the top e-commerce platform in China and will automatically become the top one in the world.