Richard Liu Qiangdong, The Visionary Founder Of JD.com
Richard Liu Qiangdong is the Chief Executive Officer and Founder of JD.com, one of the largest privately owned online retailers in China. Richard Liu is well-known for his inspirational life story and resilience in times of adversities. He has gone against all odds to build a multi-billion dollar business empire. JD.com can be said to be a product of a misfortune, turned into a blessing by a genius mind.
Liu Qiangdong ventured into business in 1998. His first enterprise was a counter store, which sold computer parts in Beijing. With his visionary leadership, Richard Liu Qiangdong saw the expansion of the enterprise from a single store to a total of twelve outlets across Beijing. However, the outbreak of the Severe Acute Respiratory Syndrome in China adversely affected his business. The epidemic forced the workers and the clients to remain indoors to avoid contracting the disease.
Following this downturn, the business never recovered. However, Qiangdong is a highly resilient businessman. He went back to the drawing board and set up JD.com. He closed down all his physical stores and went wholly online in 2004. The shift from brick and mortar establishment heralded a great future for Liu’s business career.
Even though JD.com is a leader in the Chinese and global online retail industry, Richard Liu Qiangdong has great plans for its expansion in the near future. He disclosed the plans during the recent World Economic Forum meeting in Davos, Switzerland. Get Related Information Here.
Speaking during the meeting, Richard Liu Qiangdong said that JD.com is planning to publicly list its logistics business. Even though he did not mention the exact time when the initial public offer will take place, he indicated that plans are in high gear to fasten the process. Liu Qiangdong also disclosed that the listing will most likely happen in mainland China or Hong Kong.
According to Richard Liu Qiangdong, JD.com has also launched a fundraising round at its logistics business. The round is expected to generate an estimated $2 billion. He said that there are plans to take the round to the overseas market but the time has not yet been set. Additionally, the round has already drawn the interest of Sequoia Capital China and Hillhouse Capital Group.
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