Net Worth & Profile
Richard Liu Biography and Net Worth
Richard Liu Qiangdong is an internet entrepreneur from China, his company JD.com shares similarities with Amazon in terms of business model.
Who is Richard Liu?
Richard Liu Qiangdong is an internet entrepreneur from China, and his company JD.com shares similarities with Amazon in terms of business model.
Bio Data
| Name | Richard Liu |
| Gender | Male |
| Date of Birth | Mar 10, 1973Â |
| Age | 50 years old |
| Place of Birth | Suqian, Jiangsu, China |
| Profession | Founder and CEO, JD.com |
| Net worth | $8 Billion |
Biography
Richard Liu was born on March 10, 1973, in Suqian, Jiangsu, China, he attended primary school in Jiangsu before pursuing sociology at Renmin University of China in 1992. His parents were involved in coal shipping between North and South China.
Liu dedicated his free time to learning computer programming. In 1996, he graduated with a bachelor’s degree in sociology and later earned an executive MBA from China Europe International Business School in Shanghai.
Career
Richard Liu established his own business, Jingdong, in Beijing. It focused on selling genuine products in a market flooded with counterfeits, in 2003, 12 Jingdong stores were established.
The SARS outbreak in 2003 prompted Liu to shift to online business after losing over 8 million yuan. In 2004, he launched his first online retail site, later founding JD.com. In 2005, all physical stores transitioned into e-commerce.
Despite a tempting offer of 18 million yuan in 2005, Liu declined to sell JD.com. In 2007, he adopted a full-category strategy, broadening the company’s offerings. JD.com, often likened to Amazon, thrived under Liu’s guidance.
JD.com went public in the US in January 2014, with shares rising 15% on its IPO day. Currently, JD.com ranks as the second-largest internet company globally by revenue and is China’s largest e-commerce platform.
Net Worth
Richard Liu has an estimated net worth of $8 billion. His company, JD.com, is among China’s biggest retailers, often likened to Amazon.
Personal Life
Liu married Zhang Zetian, their love story began in early 2014 when Liu was a student at Columbia University and Zhang was an exchange student at Barnard College, affiliated with Columbia. Liu publicly confirmed their relationship on April 10, 2014.
FAQs
Q: Who is Richard Liu Qiangdong?
A: Richard Liu Qiangdong is a Chinese entrepreneur known for founding JD.com, one of the largest e-commerce companies in China.
Q: What is JD.com?
A: JD.com is an online retail platform founded by Richard Liu. It is often compared to Amazon due to its business model and is one of the leading e-commerce companies in China.
Q: When was Richard Liu born?
A: Richard Liu Qiangdong was born on March 10, 1973, in Suqian, Jiangsu, China.
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