Richard Liu, Internet Entrepreneur, and JD.com Creator

Richard Liu Qiangdong was born in 1973. Richard Liu received his first computer at the age of 12, and, inspired by the popularity of PCs; he began to create computer games. At age 15, Liu began to sell these games with a friend on the campus network for 2 yuan (about US$1) each.

After graduating from high school, Liu enrolled in college in 1989 and earned a bachelor’s degree in computer science and another one in engineering from Zhejiang University in 1994. He then moved to Beijing, where he worked as an engineer for Microsoft until 1996 before returning to China to start Jingdong (later known as JD).

In 1999, Liu Qiangdong launched Taobao.com, a business-to-consumer platform for online shopping, later renamed Tmall.com. The site was initially developed to sell computer games, but it grew into an e-commerce platform for all kinds of products. In 2004, Liu launched Tmall Global (Tmall Global), which provided international shipping and money transfers through Tmall.com and AliExpress in China and other markets, such as the United States and Europe. In 2007, Tmall Global expanded its services to include Alipay, WeChat Pay, and TenPay in China. In 2010, Tmall Global became the first online retailer to accept Alipay in the United States.

In 2011, Richard Liu expanded Tmall.com to include Taobao Marketplace (Taobao Marketplace), and Tmall Global was renamed Jingdong.com. In 2013, Jingdong launched JD Mall (JD Mall), a platform for third-party sellers to sell products through Jingdong’s e-commerce platform. The following year, JD launched its first offline retail store in Beijing’s Sanlitun district as a joint venture with Hangzhou-based company Shanda Interactive Entertainment Group.

In 2017, Richard founded JD Power Holdings Limited, listed on the Hong Kong Stock Exchange, and intends to become China’s largest online retailer. Liu’s lifestyle is very simple, and he does not have a driver’s license. While addressing New York Times he said, “I hate driving. I still remember that my first car, a Buick Century, was the worst car I ever drove. It was like riding a bicycle.”

In Richard Liu’s opinion, China should be ruled by traditional values. He told The Times: “I have been trying to revive traditional Chinese culture and save it from modern Westernization since I was young. I believe this is what China needs right now.” On the subject of censorship, Liu said: “We are still far from a completely free internet in China, but we are getting there slowly.” He believes that the government is more concerned about maintaining stability than expanding freedom of speech and that this will continue to be the case for years to come. See related link to learn more.

 

More about Liu Qiangdong on https://twitter.com/liu_qiangdong