After the fatal failure in the restaurant and healthcare products business, Richard Liu did not stop trying. He knew there was worth in trying hence kept the spirit. He, therefore, decided to venture in computer spare parts in 1998 in Beijing, China. But after several years of business, the unfortunate occurred in the year 20004. There was an outbreak of a respiratory disorder in China. The situation was a blow to his business since very few people could visit the marketplaces due to the fear of being infected.
Richard Liu Qiangdong main objective to start the computer spares business was to cater to his sick mother. Also, he never wished to be employed in the civil service. Whatever he was doing was all about his passion for entrepreneurship. Richard Liu Qiangdong was at a crossroad because the business has startled! Did he need to do something? He had to think outside the box. After some time of examination, Richard Liu together with other business managers discovered that they could do it all online! They decided to combine efforts and JD.com undoubtedly the biggest e-commerce business in entire China was born.
All their physical stores were converted to online stores where people could order products online as they do home deliveries. As it is always said that fortune favors the bold, it is indeed true Richard Liu is one of them. Richard Liu became the Chairman and the Chief Executive officer of the newly founded JD.com global.
Richard Liu had mastered extensive entrepreneurial skills from both the university and his father’s transportation business. Richard Liu Qiangdong knew the strategies he was going to apply to make JD.com global relevant and sustainable. His strategy was, to be honest with his clients. No overriding and quality. According to him quality and quantity were at the equal measure in his heart. The commitment to quality and dedication saw JD.com garner millions and millions of clients globally all providing positive reviews.
Richard Liu Qiangdong agrees that there is indeed light at the end of the tunnel. What an individual need is a passion, dedication and focus put the ideas into work.