Business News FactorFrom Business News FactorBusiness Strategy AlignmentChinese E-commerce Billionaire Says Honesty is the Best PolicyBefore he became a billionaire in e-commerce, Richard Liu was a failure. As a student, Liu started a restaurant in Beijing but went bankrupt. When he took a second stab at business by opening an electronics store in 1998, Liu insisted on honesty. After seeing other shops overcharge customers and pass off counterfeit goods, he says he sold only genuine merchandise.May 26, 2015Page 1 of 1