The Incredible Success of Richard Liu

Richard Liu is the mastermind behind the third largest eCommerce site in the world. JD.com is a Chinese company that allows customers in any area, heavily populated or rural, to get the products that they need quickly and effectively. Starting as just one storefront in 1998, this retailer was creating $9 million in revenue in just five years. Once they realized that it was time to take their business online, Liu started to see amazing results. Instead of buying the products from the supplier and then selling them to his customers, he instead worked with suppliers directly to cut out the middle man.

It was only a matter of time before JD.com became the largest online retailer in China. This also made it the third largest eCommerce site in the world. With this level of massive success, the future looks very bright for Liu and JD.com.

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