Richard Liu Qiangdong: A Renowned Entrepreneur With High Regard To His Family


Richard Liu Qiangdong is a famous businessman and entrepreneur who is among the richest individuals in China with a net worth of about $11 billion. He is the owner of the largest e-commerce platform in China known as He was recently featured in an interview where he revealed his journey to success in e-commerce business.

Liu’s journey in business started around 1998. He had started a catering business which didn’t long before it closed down. Richard Liu was amidst financial difficulties. He wanted to go abroad to study but he couldn’t because of financial challenges. His grandmother was also sick and they could not afford medical care. Amidst the difficulties, he started a computer accessory shop which grew rapidly to make him open 12 shops. The shops were closed after the SARS outbreak in China. Find Additional Information Here.

Contemplating on what to do next, Richard Liu Qiangdong and his team decided to sell products online. At the time, the e-commerce sector was not doing well because of increase in counterfeit goods. He came in to change the game by conducting a thorough authentication and issuance of proper invoices. His business picked up quickly offering digital electronics, IT equipment and mobile phones. He continued to work on the platform and expanding lines of products. was founded in 2004 officially although the journey started back in 1998. It is a go-to shopping platform in China which has over 1 billion products. It is now worth of around $57. Richard Liu plans to bring the best products from around the world to China through the platform. He also looks to make, a company he named after his name and that of his wife, the largest e-commerce platform in the world. He is determined to achieve his goals without being distracted by competitors. Richard Liu considers himself his own competitor and he is always striving to be a better husband, father, son and brother. He values his family than anything else.

Richard Liu has always been a hard-work just like his childhood friends. The classmates he grew up with have all made it in life because he thinks they were all hard-working. He is the CEO of the company and its board can’t form a quorum in his absence.

Today, stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.


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