Richard Liu is a Chinese internet dealer and the founder of JD.com, one of the top e-commerce titans in China. Richard was born in a village outside Suqian city in China’s Jiangsu province. The town was not well developed since it suffered from a lack of essential resources like; water and electricity. Richard Liu’s parents had been born into wealthy families, but at his birth, their families had lost everything and started working as rice farmers.When his parents were working, his grandmother led him in doing some home chores. During his childhood, he showed he had a mind of innovation; he once suggested using hot water to separate fat from a pan and save the mixture for use in a soup. When the time came for Liu to attend university, he applied to those in large cities such as Beijing and Shanghai. He had achieved excellent marks in his which helped him gain a spot at . People from his village helped raise money to buy him a ticket to Beijing. Others gave him some eggs that would sustain him on his journey.In 1998, Richard Liu made his way to Beijing, where he received an undergraduate degree in computer science. In June 1998, Liu started the site, which allowed users to sell and purchase products and buy and sell on other auction sites referred to as ‘marketplace partners.’ He was so committed to the business model that the company rapidly grew in its beginning years. He wrote the code for the original website himself and used to spend his nights in the office, where he handled all the website inquiries and hand-delivered queries.In December 2011, Richard was awarded the prestigious” of the Year” from the country’s largest national television network, CCTV. In the same year, JD.com became a publicly-traded company on the NASDAQ stock exchange under the ticker JD and raised $1.8 billion in its IPO.
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