How Richard Liu Became A Multi-Billionaire From Dealing In Tech Products


Richard Liu Qiangdong is a business professional who has worked tirelessly for everything has now. He owns China’s largest online shopping mall and is estimated to be worth billions.

Liu’s success story is one that demonstrates hard work, perseverance, passion, and innovativeness. To many, he is known as a business professional that is tech-savvy, flexible, and intuitive.

Richard Liu’s early life

He is native of China and hails from the town of Suqian. He was born to a middle-class family that pioneered in coal-shipping. As a child, he was taught the importance of hard work and was offered quality education.

He is a graduate of the Renmin University of China. As a young person, Richard Liu had already understood what he wanted out of life which led him to learn computer coding. He started his career as a dealer in natural supplement working for a Japan company that had operations in China.

While working for the company, Richard Liu excelled in all duties assigned to him which made him earn a promotion as the director of computers. Leveraging his coding skills, he led the department with professionalism and prowess up until the day he quit to start a business.

Richard Liu launches his business

Richard Liu rented space in the heart of Beijing and began to deal with magneto-optical products. For six years, he continued to serve his clients providing them with the high-quality products. In 2003, he decided to upgrade his business following the SARS outbreak in China.

From then on, he began to deal online and even expanded his product portfolio. Within a short time, his business, and his clientele went from several thousand to millions. Richard began to leverage technology to ensure that products reach the target clients at a faster rate.

Currently, he works with some of the most experienced people in the industry. He has even sold part of his company to Tencent for $215 million. boasts of active pool of customers amounting to almost one billion. Under his leadership, the company has gone public and trades on Nasdaq. The company anticipates expanding its operations to parts of Europe and the US in the coming years.


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