Richard Liu Qiangdong learned the hard way when it comes to surviving and managing money. Raised by his grandmother, he learned that you win by working hard and taking care of your household. Mr. Liu’s success is not only through getting up early every morning and working towards your goal, but it’s also due to realizing that the downs in life are just as important or valuable as the ups.
Today Richard Quiandong values the way he grew up, having to care for his loved ones, it taught him, never to give up. It taught him never to give up. To made him realize to always find an alternative, always find a solution. If one thing fails, you get up in the morning and work on another, always pressing forward.
Richard Quiangdong just did not miraculously open up one business and it plunged into success. For Mr. Liu, along with many other business owners who are now successful, it took failures, and headaches. Experimenting with two or three prior business opportunities that did not do so well was considered losses for Mr. Liu. One of those businesses was a restaurant and the other involved selling health products, neither worked out. Were the troubles worth it? Yes, Mr. Liu now owns one of the largest e-commerce platforms in China. It is worth $57.6 billion, and growing more and more profitable everyday. JD.com is literally a brand that just about every household in China knows about, selling all types of electronic devices, including computer parts.
Graduating from Renmim University in 1996, Richard Quiangdong would have never imagined that he would be the owner of a business worth billions. With a degree in sociology, followed by an EMBA from China Europe International Business School. Mr. liu can now truly say, that effort means everything.