Long House Studio

The Impressive Resume of Richard Liu Qiangdong

Richard Liu Qiangdong has spent the last two decades building an impressive resume. Today Qiangdong is the founder and CEO of China’s leading e-commerce company, JD.com. Under his leadership JD.com has changed the way people in China buy products. Today JD.com has well over one hundred million active shoppers. Richard Qiangdong has built a reputation as an expert entrepreneur that is committed to excellent customer service.

From a young age Richard Qiangdong learned about the value of hard work. He watched his parents work daily to keep their family business going. Qiangdong himself would eventually become a part of this business. Years later he would go off to attend college at The Peoples’ University of China, where he would go on to earn a degree in sociology. Richard was also able to use this time to teach himself computer coding, a skill that would come in handy for him years later.

While still in school Richard Qiangdong began his own restaurant. He did this while still taking courses in college. Although the restaurant eventually crashed, Richard learned a number of valuable lessons he would take with him. He soon would continue on to start his own computer store. Using the skills he learned in college, Qiangdong sold computers and other tech equipment to the people of Beijing. His store quickly took off and Richard eventually opened up a total of twelve brick and mortar stores.

Things soon changed for the entrepreneur. In 2003 China was hit by a massive SARS epidemic. Richard made the decision to close his twelve stores in an effort to take care of Liu Qiangdong’s employees. He did not give up on his dream however. Richard decided to create an online company that could take his products to the customers. In 2004 JD.com was born.

It did not take long for JD.com to become successful. Customers soon began to trust the company. It took about six years but JD.com soon became the biggest online company in China. Today the company has a value of more than sixty billion dollars. Richard Qiangdong credits his commitment to great customer service as one of the keys for the company’s growth.

Liu Qiangdong: Twitter.

The RealReal is Changing the Lavish Lifestyle

Luxury is a lifestyle that not everyone can afford. However, a company called The RealReal is changing the standard. With the luxury business being worth around $1.5 it is no wonder that everyone wants a piece. The RealReal isn’t just selling luxury items though they are rehoming forgotten pieces, so they can be appreciated once again. A high-end consignment service the online retail site currently has one brick and mortar store in SoHo. They were able to raise a whopping $115 with Series G Funding, helping to bring the total raised $288 million. With the new funds The RealReal has big plans to expand their brick and mortar presence along with building new fulfillment centers. The company is only seven years old based in San Francisco. Online shopping is becoming more and more popular, with online sales thriving they are expected to be worth $41 billion in just four years, in the year 2022. Companies like The RealReal, Poshmark, and Thredup will more than likely own one-third of closets across the world by the year 2027. The RealReal has changed the luxury game not just for sellers like Gucci or Luis Vuitton but also for consumers that have a longing for the finer things in life. People no longer have to save up to buy that one handbag a year and then get tired of it a few months later; now you can sell your items with The RealReal in order to get something else sooner. It saves luxury items from going unloved and forgotten, while helping the customers to enjoy the items at a cheaper cost for just what they dreamed of having. With such a generous chunk of change The RealReal will be able to change the game once again. Opening luxury consignment shops in Manhattan and across the world. They are also working on creating their own brand of luxury to sell along with their consignment items. A concept shop will open in LA on July 31, so be on the look out for how you can get your hands on your own lavish lifestyle.