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Liu Qiangdong Is The founder Of JD.com, The Largest Retailer In China

“In 1999, Liu Qiangdong attended a lecture given by Professor Pan Yang with an idea to build an online trading platform for books he had planned for a long time. But it was not until 2000 that he started his business and registered the company name: 360buy.” – Forbes Asia

He then founded 360buy.com in 2004 and became its CEO two years later at age 29. In June 2012, Liu quit his job as CEO to become executive chairman of 360buy while maintaining his chairmanship of JD’s board. He is now a billionaire.

Qiangdong led 360buy’s growth from a growing upstart to an e-commerce giant. In June 2012, on the New York Stock Exchange, the company debuted with their own stock symbol: JD. The company’s revenues skyrocketed from $1.8 billion in 2010 to nearly $4 billion last year.

In 2013, Liu became one of the youngest billionaires in China and one of the 50 richest people in Asia by Bloomberg. In 2014, he ranked number 26 and number 200 on Forbes’ list of billionaires in China and was named as Fortune Magazine’s “Most Powerful Entrepreneur Under 40” and was #3 on Forbes’ Celebrity 100 list (behind Tiger Woods and LeBron James) . He was also named one of Forbes’ “Top 50 People Who Matter in China” in 2015.

An article entitled “JD.com Appoints New President As Founder Steps Back From Day-To-Day Operations” talks about JD.com’s founder and CEO Richard Liu is stepping back from day-to-day operations while the Chinese e-commerce giant said it has created a new president role.

Richard Liu’s reputation as a high-tech tycoon has drawn high-profile investors to JD and even the Chinese government.

“[One] of the biggest things to have happened to him is that he ended up getting the support of the government, because in China it’s hard for a private company to grow easily.” – Joshua Brustein, Fortune Magazine [3][4]

Liu is married and has four children. He splits his time between his hometown, Kunming and Beijing.

Liu studied electrical engineering at Yunnan University where he fulfilled his military service after college.

Refer to this article for more information.

 

Learn more about Richard Liu on https://finance.yahoo.com/news/richard-liu-propels-jd-q2-210144432.html