{alt missing}

Richard Liu

Founder & Chief Executive, JD.com

Richard Liu's Live Mosaic

What is the BoF 500?

The BoF 500 is the definitive professional index of the people shaping the $2.4 trillion fashion industry, hand-selected by the editors of The Business of Fashion, based on hundreds of nominations received from current BoF 500 members, extensive data analysis and research.

Biography

Richard Liu, also known as Liu Qiangdong, is the founder and chief executive officer of JD.com, one of China’s largest e-commerce platforms, currently worth $57.6 billion. Liu is reported to have a net worth of $11 billion by Forbes.

Walmart is a shareholder in JD.com, recently increasing its stake to 12 percent. In June 2017, it was announced that JD.com had invested $397 million in Farfetch with a mutually beneficial partnership that capitalises on the two companies’ respective reach in China and experience in luxury fashion.

Liu graduated with a degree in sociology from the prestigious Renmin University of China in 1996, but spent much of his time as a student honing his computer programming skills through freelance coding work. Liu followed his degree with an EMBA from the China Europe International Business School. Upon graduation, Liu was hired by health product company Japan Life, where he held a number of different roles during his two-year tenure including director for computers and director for business.

In 1998, Liu struck out on his own, opening a shop selling magneto-optical products in Beijing. He named it “Jingdong” after the last character of his then-girlfriend’s name and the last character of his own name. By 2003, he had expanded to 12 stores. But that year’s SARS outbreak forced both staff and customers to remain house-bound, threatening Jingdong’s future. The outbreak forced Liu to reconsider his brick-and-mortar business model, and in 2004, JD.com was born. By 2005, Liu had shuttered all of his stores to focus on e-commerce, where he began to sell a myriad of quality consumer goods alongside electronics.

In March 2014, WeChat owner Tencent acquired a 15 percent stake in JD.com for $215 million. As part of the deal, WeChat agreed to promote JD.com prominently on its social network which boasts nearly a billion monthly active users. Two months later, JD.com went public in the US in one of the biggest Nasdaq floats of that year.

JD.com’s rapid growth coincides with that of Alibaba, making the two Chinese e-commerce giants fierce rivals.

Career

JD.com

JD.com

Founder & Chief Executive

2004 - Present

Education

Renmin University of China

Renmin University of China

China Europe International Business School

China Europe International Business School

Share This Profile

Vital Statistics

Born
14 February 1974
Nationality

China

Location
China

Honours

Similar Profiles

Isak Andic

Co-Founder, Mango

Andrew Rosen

Chief Executive, Theory

Christopher Suarez

Business Partner, Nicholas Kirkwood

José Auriemo Neto

President, Cidade Jardim