• February 9, 2023

Richard Liu, CEO Of JD.com

Richard Liu achieved amazing success by never giving up and continuing to learn new things. He will finish his undergraduate degree in the summer of 2009 and he’s on track to graduate with a Master of Engineering degree from the University of Illinois next year.

Liu is also an avid learner who, even while enrolled in college, has pursued his interests beyond academia. His eclectic background ranges from being a professional athlete and investment banker to running his own business. Liu founded JD.com — China’s largest B2B (business-to-business) eCommerce group — in his dorm room in 1999.

Under his leadership of JD.com has become China’s No. 1 B2B eCommerce platform and the fourth most visited website by U.S.-based Internet users outside of China, according to a study conducted by comScore Media Metrix in November 2008. JD.com is also one of the largest Internet companies in China with more than 400 million customers, a network of 20,000 product suppliers and 350,000 sellers.

Qiangdong’s nontraditional background has not only contributed to his success but allowed him to embrace change while constantly improving himself. Richard Liu believes that in today’s highly competitive environment “You can’t graduate from college and expect to have a job for life. You need to continuously re-invent yourself and your profession.”

Qiangdong’s innovative spirit led him to become an entrepreneur before college. In 2000, Liu co-founded China’s first online investment bank, UBSi.com, and became its CEO in 2001. Throughout his tenure at UBSi.com, Liu understood that his company represented the future of corporate finance in China and was one of the primary drivers behind its rise as the country’s primary investment bank. Liu left UBSi.com in 2003 to start his own business.

From 2003 to 2005, Liu founded the online business units of a series of IT companies with his partner and his brother-in-law. After selling his first company in 2005, Liu founded Hipstreet and began new ventures in private equity (HIP Capital), logistics (LDL Logistics) and software (JD Tracks). In 2006, Liu started JD. See related link for additional information.

 

More about Liu Qiangdong on https://www.crunchbase.com/person/qiangdong-liu