Richard Liu Qiangdong’s Successful Business Venture

Every successful entrepreneur can tell you that running a business does come with plenty of difficulties. For some, it would mean never giving up even when they close one business down because it fails. Well, when it comes to business success and failure no one is more familiar with these terms like Richard Liu.


Apart from having a successful e-commerce business known as, he surely understands what it takes to get to the level of success he has currently. He did not start as an entrepreneur; in fact, immediately after completing his degree in sociology he worked for a health product company. Find Additional Information Here.


While working for this company, he held numerous roles, and he even got to be the director for business and computers. These two positions awakened a passion for business and technology that led him to open his own business. In 1998, Richard Liu Qiangdong decided to leave formal employment and open a shop. His gamble eventually paid off since his magneto-optical product shop grew and this caused him to open 12 more shops. However, in 2003, SARS struck, and this threatened to close his business because customers would refuse to leave the house. This incidence made Richard Liu rethink the structure of his business and come up with a business model that can withstand such disasters.


It was in 2004 that was born and in 2005, Richard Liu Qiangdong decided to turn his stores into e-commerce stores. On, Richard Liu was able to sell customers quality goods and electronics, and this helped solidify the company’s position when it came to being a quality e-commerce store. In 2014, opened up its doors for other companies to invest and the first company to invest in was Wechat. Wechat acquired approximately 15% stake in the company, and the deal was that Wechat was to promote on its social platforms.


The promotion done by Wechat helped acquire more active users, and this saw the company grow to even more significant strides than before. It also helped go public in the United States further solidifying as a force in the e-commerce sector.


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Richard Liu Qiangdong Believes In Helping People With


When Richard Liu Qiangdong started, he had a lot of goals for the company. One of the biggest goals Richard Liu had and the one that continues being the best option now, is the goal to serve all the customers he has. If he can help people get what they need through, they’ll keep coming back and keep making sure they can do things the right way.

Richard Liu Qiangdong knows a lot about helping and knows there are things that can make the best company in the world. He only has to surpass Alibaba to make sure he can do things better than all the companies. It is Richard Liu’s goal to keep going so he can move from the number two spot in the world to the number one spot in the world. Richard Liu Qiangdong has to do a lot to get to that point, but he knows it’s worth it for his company.

After starting out in a relatively poor situation, Richard Liu knew he was destined for so much more. He wanted to help people see he was the best at what he did and he pushed to make sure he could help everyone with customer service options. As long as he had a chance to make things easier for his clients and for the people he did business with, he would be among the best in the industry. It was his goal to keep helping the industry change. Read This Article for related information.

Starting didn’t take a large investment. That’s part of the reason Richard Liu Qiangdong did it the way he did. He didn’t have a lot of money to start out and pushed to make sure he could help people get what they needed. There were things that would allow people to try different options and that’s how Richard Liu Qiangdong responded to all the opportunities he put into the business. As long as Richard Liu knew he could help people with products, he’d make a point to provide them with those products so he didn’t have to worry about what he was doing with the company.


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