CEO, Investor

Richard Liu Qiangdong – Inspirational Figure for All Entrepreneurs

Richard Liu Qiangdong’s life story is motivating and inspirational, saying the least, and he has built an e-commerce empire from scratch in just over a decade. The company he started is, which is the second-largest e-commerce platform operating in China currently. Richard Liu Qiangdong is blessed with exceptional business skills, which has helped him build an e-commerce company that has annual revenue of over $70 billion. Richard Liu Qiangdong is on the Forbes list of wealthiest Chinese as well and has the net revenue of more than $12 billion.

Richard Liu Qiangdong always wanted to go big, and when his retail shop in Beijing got considerable success, he didn’t take a chance and ensured that he rolled the profits into opening a few more stores across China. In the next few years, the revenue of the company was an all-time high, and his company was getting consumer awareness as well. However, SARS breakout across China stalled his success story, but it didn’t last long as Richard Liu converted his business into an e-commerce company within a year. It went on to compete with some of the biggest e-commerce companies of the time and stands as the largest direct-selling company in China today.

Richard Liu Qiangdong wants to make all of its warehouses automatic so that human-error is entirely zero. It means that his employees will only be required to oversee the entire process. Even though they will be paid much more than what they are being paid and they will have to work much less than what they are doing now.

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