E-commerce Mogul, Richard Liu Qiangdong Lows And Highs

 

Push but lack, Richard Liu had to work very hard to make money enough to at least cater for the basic things in life. Life had its own twists and turns as he failed in most of the business ventures he got into as a young adult. While in college, he established a restaurant that closed down, began selling healthy products but this too collapsed, sold electronics accessories and due to economic dynamics Liu Quiangdong had to either closed down or reinvent. He opted for the latter, and began selling things online, major to dispose his stock although this lead to the launch of JD.com after he observed how profitable online business had become of.

E-commerce was the way to go. Other than following classical rules in the trade, he went through a learning curve and observed that online business would do better is customers were given right information about quality, pricing and size. This gave JD.com an upper hand over other competitors. Today, the platform has over 500 logistics centers with the site committing to almost impromptu service delivery ranging from 6-20-hour subject to the location of the client. Customers are accorded uniform attention regardless of the quantity of order made.

Richard Liu during a recent interview at the World Economic Forum he agreed that he is indeed very wealthy. He however feels that Jd.com has actually made him more responsible as he has to effectively manage the store in addition to expanding the clientele.

 

About Richard Liu Qiangdong

Richard Liu Qiangdong is a Chinese by nationality and known to being an entrepreneur. His early life was not easy as he was raised up by an ailing grandmother who he had to work very hard to raise money for her medication. After successfully going through Renmin University which is in Beijing China Richard Liu was focused on becoming successful. Liu Quiangdong ventured into business, with failures of course and his big break came after the launch of JD.com that was well received in the market. Today, he takes pride in what he has achieved and his ability to compete with brands that have been in existence longer. See Related Link for additional information.

 

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