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 JD.com, 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 JD.com was born and in 2005, Richard Liu Qiangdong decided to turn his stores into e-commerce stores. On JD.com, 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, JD.com opened up its doors for other companies to invest and the first company to invest in JD.com was Wechat. Wechat acquired approximately 15% stake in the company, and the deal was that Wechat was to promote JD.com on its social platforms.
The promotion done by Wechat helped JD.com acquire more active users, and this saw the company grow to even more significant strides than before. It also helped JD.com go public in the United States further solidifying JD.com as a force in the e-commerce sector.
More about Richard Liu Qiangdong on https://www.hugessen.com/person/richard-liu