Richard Qiangdong Liu has changed the way people think about E-commerce by changing what people thought was possible. He is the Founder of JD.com. He has been the company’s chairman and Chief Executive Officer since the company first started. Jingdong was started in June 1998. It had rapid growth over a relatively short amount of time. It grew to twelve chain stores. The stores’ revenue was nine million dollars a year.
Richard Liu saw how well the stores were doing, so he decided to start an online version of the store, called JD.com. This company has been one of the successful stores in China. They have over one billion users and the number continues to increase. Liu clearly knows what he is doing in the E-commerce space. They are different because they source directly from the supplier, so people know they are getting the real product and not something that is fake.