Richard Liu Online Business Venture

Richard Liu is the founder and CEO of, formerly known as Jingdong and 360buy Ltd. Born and raised in a small village in Suqian city where there was a lack of basic life things like tap water and electricity. His parents were rice farmers and used to transport their goods and services to the market by using the Yangtze river.

Richard Liu used to stay with his grandmother as his parents worked on the farm. His grandmother taught him many things, and he was able to use what was readily available to make sure that ends meet. They used to cook simple food, and he always helped his grandmother prepare meals and do house chores. His grandmother used to go to farmer’s co-operative and bribed the meat salesperson to exchange peanuts with a massive cut of pork which contains a lot of fat. They used this huge fat obtained from the pork to cook other meals for many months.

Being a person with high ambitions and visions, Richard Liu led his classmates to the nearest city where they saw a light bulb using electric energy. This technology made him aggressive, and he vowed to travel across the globe and see big cities like Paris, New York, and Beijing. Being a hardworking student, Liu attended Renmin University, which is the best University in Beijing. While still in University, he started studying computer programming by himself, which turned to be a highly well-paying strive.

As an entrepreneur, Liu Qiangdong started his first company called Jingdong in 1998, with its primary business being the selling of magneto-optical products. The business grew up very fast because its goods and services were authentic and reliable. The SARS pandemic in 2003 made Liu venture into a new business where he founded, an online business. Within one year, the business picked very well, and this made become an e-commerce company.

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