Richard Liu Founder And Chairman Of China E-commerce Firm
Richard Liu is the founder and chairman of the Chinese e-commerce company Alibaba. Liu has been recognized as China’s top entrepreneur and one of Asia’s most powerful business tycoons by Fortune. In 2007 he was selected by “The Economist” as one of the world’s top 20 young global leaders.
Richard Liu has greatly contributed to the economic development of China and his company, Alibaba which is currently a publicly traded company has millions of active users. He gained international celebrity recognition in a very short period due to his entrepreneurial spirit and his willingness to take risks. Liu has displayed a great deal of vision in his business and has been able to use his experience from the Internet industry to help change the face of China’s economy and improve its financial status.
Richard Liu has received numerous accolades for his business achievements and has been praised for his great entrepreneurial spirit. He is one of the youngest billionaires in China and has also appeared on Forbes magazine’s list of The World’s Billionaires ever since their 2007 ranking.
It was in 2005 when he founded Alibaba Group Holding Ltd, which is a Chinese e-commerce company that currently generates over 90% of all online transactions in China, aside from its native sites. As the Chairman of such a business empire, Liu is a very respected individual in both the public and private sectors in China. He has helped create new technologies and business models in his country and has also been very successful at raising money for his ventures.
Liu Qiangdong attended the University of Science and Technology of China in Beijing, China where he received his Bachelor of Arts degree in chemical engineering. He went on and obtained his Master of Science degree in computer science from Stanford University in 1992. In 1993 he founded one of the first Chinese Internet companies called K.e.co and produced e-commerce software which was then distributed on CD-ROMs by Lucent Technologies and Compaq Computer Corporation. He also received an honorary doctorate from Tsinghua University where they also created a namesake professorship, The Richard Liu Tsinghua Entrepreneur Chair Professor, in his honor.
Qiangdong’s success has brought great economic benefits to China and hopes that the company will contribute to making this country an economic powerhouse. He has also helped improve the daily lives of the Chinese people by creating convenient and affordable merchandise. He has been mirrored in the rest of the world with his example and it shows that with the right effort and motivation, people can achieve great things. Liu is a great role model for the rest of the world, young entrepreneurs especially.
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