Richard Liu is the chairman and CEO of JD.com, China’s second-largest online retailer. Alibaba Group is often mistakenly reported as the second largest company in China, but this misunderstands how the Chinese government categorizes companies. Richard Liu began his career as an engineer with IBM in New York before returning to China and joining Joyo, one of the first Internet-based retailers in China. Liu founded JD.
- His Education
Liu received his bachelor’s degree in computer engineering from Hunan University in China. He became a US citizen. Liu has stated that his life changed once he learned English and discovered the Internet.
- Early Career
Liu Qiangdong was an engineer at IBM when he left to launch Joyo, one of the first online retailers in China, in 1994. Joyo provided online shopping services to IBM customers, according to Liu’s LinkedIn profile, and later focused on e-commerce services for Chinese consumers.
- His Career
He started JD.com in 1998 with two other colleagues from Joyo. (The name JD comes from Liu’s initials.) In 1999, the company launched its first transactional website. Sales drove early growth to Chinese consumers buying overseas products online for the first time.JD.com went public on the New York Stock Exchange in May 2014, raising $1.8 billion in its initial public offering of American depositary shares (ADS).
- His Achievement
In 2004, he became the CEO of JD.com, which was then a seven-year-old company. By 2010, JD.com was celebrating its 10th anniversary and had captured 13% of China’s e-commerce market, according to Wired Magazine. The company also started offering mobile payments in 2012 and launched a mobile game app in 2013, during which time it was able to capture 10% of the global gaming market.
In 2014, Richard was ranked as the third richest person in China, with a net worth of $8.6 billion. He is listed as the second richest American in Silicon Valley (after Bill Gates) on Forbes’ list of America’s Richest People. In 2015, Liu hired Dennis Woodside as CEO of JD.com to continue to drive growth and take the company forward into a new era.
Richard Liu is married to Angela Huang and has two children, Richard and Sophie. He is fluent in both Mandarin Chinese and English. Refer to this page for related Information.
More about Richard Liu on https://www.cnbc.com/2021/09/06/jdcom-appoints-new-president-founder-to-focus-on-long-term-strategy.html