A true sign of an innovator in the business sphere is someone that can not only create a unique and profitable business model, but also an individual who can evolve with the times and take that business model to the next level of success through this innovation. Richard Liu is most certainly an example of this type of thing. He is Jingdong’s founder and CEO. The Chinese businessman is a legend in the world of retail, business, and e-commerce through the extensive efforts that he has made to turn JD.com into one of the greatest business operations currently operating in today’s environment.
The start of JD.com begins in 1998 when Richard Liu first entered into the retail market by opening up an old-fashioned storefront type business that sold different tech-oriented items. This business saw a great deal of success from the getgo and Richard Liu was quickly heading up a growing company. By the 2003 calendar year, Richard Liu’s Jingdong enterprise was up to 12 stores and things were going well. At the same time, he realized there was much more potential that could be achieved from the operation and he started looking at modernizing his business model and creating a new one that was focussed around the burgeoning power of the internet.
The choice to become an internet-based e-commerce business was a powerful choice for Richard Liu and it made a huge difference in the exponential growth of JD.com that led to it rising to the status of China’s retail leader. The firm implemented a world-class system of logistics and supply chains that have become the envy of the retail world. This allowed Richard Liu and his JD.com team to serve the Chinse consumer market at unparalleled levels of efficiency while offering a highly diverse product offering. This success has truly become a defining aspect of the career of Richard Liu.
Richard Liu ‘s: Twitter.