Richard Liu, a Chinese internet entrepreneur, has an incredible success story that entrepreneurs in China and around the world would love to emulate. The 41-year-old entrepreneur started his journey in the business world while still in school. Richard is the founder, CEO, and chairman of JD.Com, which is the largest online retailer in China. JD.Com is a company that Richard built from scratch, and it is now successful in different areas.
Richard’s journey to entrepreneurship
Richard Liu launched JD.Com in 2004, but his journey in entrepreneurship began in 1998. During a recent interview during the annual meeting of the future global councils, Richard revealed that he came with the name of his company by combining her girlfriend’s last name and his first name. And that is how JD.com was born.
Richard Liu was born into a family of entrepreneurs. His parents owned a small company where Richard worked for a few years before enrolling to college in Beijing. Richard Liu developed an interest in politics at a young age. In fact, he never thought that he would eventually venture and succeed in entrepreneurship. He took sociology classes in the People’s University of China, a course that was in line with his dreams of becoming a politician.
However, Richard realized that a degree alone could not guarantee success. Liu also realized that he had a lot of spare time that he could use for something important. Richard decided to utilize his spare time learning computer programming. Richard graduated from the university in 1996 with a bachelor’s degree in sociology.
Richard Liu’s first business venture failed terribly
After he learned to programme, Richard started working as a programmer, which helped him to save and pay his bills. He then decided to start a restaurant venture with the money he had saved, and loans advanced to him by his family. The restaurant business collapsed within a few months and left Liu in huge debt.
When he graduated, Richard Liu Qiangdong started working for Japan Life, a health product company. At Japan Life, Liu served as the director for computers, logistics supervisor and the director for business. Two years later, Liu Qiangdong decided to try his hand in business again, but now in the technology sector.
Richard Liu Qiangdong’s : Twitter