Hackronym

Mirror Mirror…

JD.com, formerly known as Jingdong or 360buy Ltd, was incorporated by a Chinese businessman known as Richard Liu Qiangdong. Richard has held the company chief Executive Officer, CEO, and company Chairman since its inception around 2004.

Liu Qiangdong is a true entrepreneurial genius and recognizes the power in of broadening his horizons. Richard Liu himself is worth a staggering $11 billion. His success has skyrocketed with the company.

Liu was born and brought up in one of the smallest and poorest villages in China, known as Chang’an, located in the outskirts of a town known as Suqian. The small village gets situated in the larger province of Jiangsu. Chang’an village was relatively poor to an extent. They lacked necessities such as clean running water for domestic and other uses.

Consequently, Chang’an did not have any access to electricity like other parts of the world. That’s the village where he got brought up, and Richard Liu defied all the odds to make it big in the business world. Unlike Richard, who got brought up in abject poverty, his parents grew up affluent as they descended from a relatively wealthy family whose roots can get traced back to 1900.

His descendants were long-time traders engaging in various trades. Still, most importantly, they were known for their successful river Yangtze transport, where they transported goods and people across the river. By the time Richard was being born, all the wealth had vanished, and they had turned into rice farming like other peasants in Chang’an village. Liu Qiangdong did not have an opportunity of enjoying such wealth in all his time growing up.

Richard was raised majorly by his maternal grandmother as his parents got engaged full-time as farmers. He had a rare opportunity of learning from the best as he got introduced to being a responsible person from a young age. He used to assist his grandmother in performing house chores, and that’s where he developed his long-serving interest in cooking. His maternal grandmother introduced the then young Richard into business as he used to accompany her to the local market and observe as she bargained for more meat. Visit this page for additional information.

 

More about Richard Liu on https://corporate.jd.com/richard-liu-jd-ceo-about