Born in 1973 in Shenzhen, Guangdong, China, Richard Liu graduated from the University of Washington with a bachelor’s degree in biology. He worked for Microsoft as an English teacher before earning his Master’s degree at Stanford University in information management systems and computer engineering. He also earned Harvard Business School MBA while working at McKinsey & Co. Richard Liu founded Jingdong.com in 1998.
Liu started his career as a teacher at Microsoft Corporation in 1996 and later taught English at an international school in Beijing before getting his Master’s degree from Stanford University, where he studied information management systems and computer engineering. He worked for seven years until 1999, when he founded Jingdong.com, an online retailer for consumer electronics and other items. He also founded Yixun.com, an e-commerce service for rural farmers, and China Commerce Group, a company that sells real estate in Beijing.
Richard Liu is an avid fan of Chinese traditional culture and has been quoted as saying: In China, we should not forget our roots and culture. We must keep our history alive to remind us what our ancestors achieved for us. In fact, Liu Qiangdong has expressed his desire to the traditional Chinese “colorful” culture. He stated that he would like to restore the ancient way of doing things, a comment which has been described as “a threat to the Communist Party’s efforts to modernize the country.”
Liu has also called for greater freedom for Chinese citizens in using the internet. He said: “People need to express themselves freely on the internet; we need more freedom of speech online.” Qiangdong is an advocate of net neutrality and also supports Bitcoin. He believes that Bitcoin is a superior means of payment than government-issued renminbi and that “it is the best thing that happened to China since the Communist Party took power.”
Richard Liu has also become an advocate of the Blockchain, a form of digital ledger used to record transactions and deal in cryptocurrencies such as Bitcoin. He believes that Blockchain will be a crucial tool in China’s modernization efforts. He said: “Blockchain can be used to track all kinds of transactions transparently and securely, which will eliminate all kinds of corruption… This technology will change all aspects of life, from finance to law enforcement, from health care to education”. See this page for related information.