The e-commerce industry has been growing at a rapid pace, and this industry has been experiencing massive developments as a result of many prominent marketplaces. The competition within this market space has also become significantly more fierce, making it harder for brands and sites to establish themselves well. One company that emerged as a well-regarded name within the industry JD.com. JD.com was founded by Richard Liu Qiangdong who wanted to build a company that he could call his own.
When Richard Liu Qiangdong embarked on his first entrepreneurial venture, he decided to start up a store that would sell a number of different goods. The idea was to sell genuine goods, especially because of the shortage of them in the Chinese markets. The store proved to be an incredibly efficient business, and Richard Liu Qiangdong saw a good amount of success within the first few years itself.
The SARS outbreak in China was the point where Richard Liu Qiangdong was forced to rethink the manner in which his business worked. He realized the growing importance of a medium through which people could easily shop and realized that the internet was becoming the primary medium through which people could eventually shop. This foresight led him to start up JD.com, which soon become one of the primary marketplaces for those who wanted to shop for genuine goods and didn’t want to end up with goods that were not the quality that they want. The site quickly gained momentum, and within a short period of time stood tall as one of the biggest names in the business.
Richard Liu Qiangdong attributes a lot of the success that he has witnessed to the hard work and dedication that he has put in. He was always someone who knew that if he wanted to be successful, he would have to work incredibly hard to make a name for himself. He always tried to push harder to achieve his goals and become a well-regarded name in the industry that he worked in. This enabled him to focus on his goals and enabled him to become the success that he is today.