Richard Liu Qiangdong is one of China’s most successful entrepreneurs. He is the founder and Chief Executive Officer (CEO) of JD.com. The name for JD.com came for merging the last letter of both his first name and his now wife’s first name. Originally called Jingdong, JD.com started as a brick-and-mortar store. The company boasted eleven shops by 2003. But, the SARS epidemic in China forced Richard Liu to rethink his business platform. In 2004, Jingdong was shortened to JD and JD.com was born. At first, JD.com did not have much revenue to work with, and they were a struggling internet company and offered only about a dozen products.
Each year, the company added one or two products to its website. Now, the company can be considered comparable to the United States Amazon.com. Richard Liu Qiangdong studied sociology at the Renmin University in Beijing. While in school, he supported himself with freelance work on the internet. The freelance work was no ordinary freelance work; it was for coding and other computer-related work. After he completed his studies with Renmin University, he enrolled in the China Europe International Business School. After completing his studies, he held a degree called an EMBA. Richard Liu sold part of JD.com to the WeChat owner in March 2014. He was interested in getting his site out there for others to see it and visit and make purchases.
After purchasing a portion of JD.com, WeChat agreed to advertise JD.com on its website. WeChat has a billion visitors a month. Because of the relationship between WeChat and JD.com, JD.com had grown exponentially. When they were least expecting it, they became number one rivals to the fellow China e-commerce site Alibaba. The growth of JD.com surprised everyone especially its founder and the CEO Richard Liu Qiangdong. Richard Liu worked for two years for a company called Japan Life. With this company, he held many positions within his two-year tenure. Richard Liu held these positions ranging from computer programmer to a computer design technician. After leaving Japan Life, he began his own company. At first, this was the brick-and-mortar company, then JD.com.