Richard Liu Qiangdong is the founder and the Chief Executive of one of the leading e-commerce platform in China, JD.com. He doubles of as the Chairman of the executive board of the leaders who govern the operations of the organization. Liu’s influence across the board is important to the extent that he has the capacity to control more than 80% of the voting patterns, which makes him a vital member in the decision making process.
Richard Liu is reported to have a net worth of more than $11 billion by the Forbes Magazine, which is a trusted and reliable news source that rarely puts its foot wrong. The experienced online retailer has been able to spearhead the company to the point that it has emerged as the largest online retail outlet in China. This means that the company has positioned itself as a real competitor, which has been able to outperform other organizations trying to capture the market.
JD.com continues to excel and expand under the guidance of Richard Liu Qiangdong, who, besides working as the Chief Executive Officer and the founder, he is also the chairperson of the organization. This means that he has the capacity to represent the organization in any meeting around the world and at any capacity. JD.com is currently reported to be worth more than $57.6 billion, which lists it as the most valued e-commerce platform in the Asian country.
Liu Quiangdong has been able to help the organization to make some critical decisions about its progress. One of the main decisions made by the company is selling a significant proportion of its stock to one of the leading retail outlet in the world, Walmart. The United States retail outlet is said to own more than 12 percent of the company’s stakes, which means that it has the capacity to influence the decisions made by the entity.
However, Richard Liu Qiangdong made sure that the money acquired by selling its stake to Walmart did not go to waste but was invested wisely. JD.com is said to have invested more than $397 million in Farfetch, with the aim of ensuring that the two organizations benefited from one another.
An interview called “An Insight, An Idea” sits down with Richard Liu to discuss his career and how he has transformed the retail industry. His company JD.com is now one of the largest retailers in all of China and it has been very successful.
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