People like Richard Liu Qiangdong have been blessed to operate in an environment where they can exponentially increase their value over time. By building out a valuable platform people like Richard Liu Qiangdong has been able to give people an experience that they will not forget. As a matter of fact, people love the platform so much that they continue to come back on a regular basis and purchase from the platform.
Richard Liu is just one among several corporate leaders within the sector, companies that have similar business models have also existed even earlier than Jd.com but that hasn’t stopped Jd.com from progressing forward. The fact of the matter is that companies such as Amazon have operated since the year of 1996 and was able to get a head start within the sector. The company started early on but didn’t necessarily have a strong foothold within the sector from the start. The reason for this was many, there were many different people within the sector, then the world wide web was just starting to gain traction, then there were infrastructure and other important aspects that still needed to grow and become stronger each day. People like Richard Liu might have even witnessed that companies such as Amazon only focused on one sector, that of online shopping in one or two specific verticals.
Indeed, Amazon was still simply selling just a couple of items via their online platform (seven or eight years) after the entity was formed. Things were not easy for the shopping giant, people like Richard Liu would go online and help to change the landscape of the e-commerce sector even further.
Companies such as Amazon would see and witness attacks from many areas. Amazon still had to face competition from stores such as Barnes and Nobles, Best Buy, Walmart, and other people that specialized within their sector. The old world did not simply vanish for people such as Richard Liu and other people within the e-commerce sector. Even more compelling was the fact that many of these business of the old model were still growing and thriving and looking for further opportunities. To know more about the company click here.
Companies such as Toy “R” Us and others were also fighting Amazon and other entities that were of their ilk in more ways than one. They were fighting them in the courts as well.
The early days were interesting and fascinating for cowboys such as Richard Liu.