Richard Liu Qiangdong is an Internet entrepreneur. He studied at People’s University of China after realizing that he wanted to be involved in politics. His major in college was sociology. Upon graduating in 1996, Qiangdong received his bachelor’s degree. He also learned how to program computers. Computer programming led Qiangdong to many opportunities. He became the director for computers at Japan Life.
Having being the director of a current job, Richard Liu Qiangdong was so driven that he started his own business in 1993, in Beijing. He later changed his business to an online e-commerce business after the SARS outbreak. In 2004 shortly after the SARS outbreak, Richard Liu Qaingdong founded JD.com. JD.com is a retail website that sells different kinds of valuable goods. With the business doing so good in sales and consumer rates, he was able to open 12 more stores in Beijing. In total, the company sees about $9 million dollars in revenue each year. An offer to sell the company in 2005 was denied by Qiangdong. JD.com is one of the largest online retailers nationwide.
Amazon and JD.com are alike in many ways. Both online markets distribute goods from suppliers and resell those goods to customers. To avoid the nightmare of misplaced or damaged items, JD.com dismissed the middle man and came up with its own system of logistics. Providing delivery and pickup centers. Many customers are much more comfortable using system. Richard Liu Qiandong received the 2011 China Economic Person of the Year award.
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