The Rag to Riches Story of Richard Liu Qiangdong

Not many people come from a poor background and are able to reach the stars. There are those who are brought up in wealthy families and end up squandering all their inheritances. For Richard Liu Qiangdong, a son of a peasant family, his upbringing taught him to be a humble man, work hard and utilize every opportunity that comes his way. Today, Richard Liu is one of the most recognizable people in China and in many other parts of the world. He is not just a respected investor in the country but a billionaire who has inspired many people.

Richard Liu is the founder of Inc., the leading e-commerce platform in China. Since he established this platform, he has been making a lot of revenue from the internet. This is a business idea or opportunity that many investors in the world had been wary of but Richard Liu Qiangdong has embraced and excelled in. has more than 220 million users thanks to the effective leadership style and prowess of Mr. Qiangdong. The e-commerce platform is also widely regarded by its active users and new ones because it guarantees timely delivery of goods and services regardless of clients’ location.

The rag to riches story of Richard Liu will, without doubt, inspire you. He is a man who decades ago could not have enough to eat and left his home with only $130 and 76 eggs at hand to pursue a degree in sociology at the Renmin University. He was not just dedicated to getting his degree but also freelanced to make ends meet. During his free time, he would write his own computer codes and think of possible business opportunities.

His endeavours brought success to his doorsteps and in 2014 he started establishing his online sales platform which he went on to name 360buy JingDong. Within a decade, the internet market had become the in-thing and Richard Liu changed the company’s name to Today, his venture focuses not only on e-commerce but also offers widespread logistics and finance solutions. The Chinese e-commerce market is extremely competitive but has been able to overcome all the challenges and fulfil its goals and missions. Richard Liu Qiangdong is just getting started and he hopes in a few years to come, the company will have opened 1 million active stores in China and expand to other parts of the world.

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