Richard Liu Qiangdong: A Global Household Name

 

The Chinese economy is ripe for economic growth. While there are many businesses that fail, there are also a lot of diseases that can succeed. It is the birthplace of renowned web retailer JD.com.

“An Insight, and Idea with Richard Liu” with David Rubenstein partners with Richard Liu Qiangdong to discuss how he made the Chinese economy work for him. Richard Liu success is known by many business professionals all over the world. His company is worth more than $50 billion at this time. Richard Liu Qiangdong expects that the company’s value will only continue to increase as he expands into global markets and opens the company up to new opportunities. Richard Liu Quiangdong’s methods are truly exceptional.

Richard Liu discusses JD.com in a way that he has never done before. In fact, he takes the opportunity to talk to David Rubenstein about Richard Liu’s failures as well as his significant success. Throughout the interview, Richard Liu Qiangdong explains that his failures are what has made his success. His time in the restaurant business did not prove as profitable for him as JD.com has. In fact, the company was quite a failure in that respect. He blames being young and that lacking the time to adequately commit to the project. This is something that he does not feel has happened with JD.com. In sharp contrast, his experience with the company has been completely different. Find More Information Here.

JD.com is different from other companies on the Chinese market. Many of the companies that were in existence around when JD.com came onto the scene in 2003 were created for the sole purpose of marketing sub-par items and products to desperate consumers. It seemed that many of them were quick to set up shop and change through their inventory. Richard Liu Qiangdong wanted something that would have more staying power with customers. He wanted to create a website that people thought of immediately when they had a need. That is exactly what JD.com has become for the Chinese public. His next goal, he tells David Rubenstein, is to expand that sentiment to the world. If Richard Liu has his way JD.com will become a household name globally.

 

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