Richard Liu Qiangdong

 

Richard Liu Qiangdong is the founder of JD.com previously known as Jingdong. The renowned businessman is known for his level of expertise in e-commerce. He began his entrepreneurial journey after he graduated and could not pursue further education. This he attributes to his interest in business rather than the conservative employment model. This led him to start a restaurant business which unfortunately collapsed due to inadequate management skills.

 

Richard Liu shifted his interest and started to sell spare parts under the company name Jingdong. It was not long before he discovered that the business model had more costs than returns and a brick and motor business model would not be efficient. He thus remodeled his business strategy and changed his company to the famous JD.com. Years later, coupled with the shift towards online shopping, the business became a market leader and is currently listed at the NSE among the top firms in China.

 

In his interview, Richard Liu attributes his success in e-commerce to the ability to strategize and have efficient business systems. He states that his business model relies on values such as integrity, efficiency, customer service and a low turnover period for stock. He further reveals the importance of ensuring customer needs are met promptly while retaining high quality.

 

In regards to counterfeit products, Richard Liu highlights that his business does not allow counterfeits, which ultimately builds trust and translates to higher revenue. JD.com currently has a delivery system within China and has further expanded the company to a global level. It is evident that the low costs associated with online store have a spillover effect which allows for business expansion. Coupled with the high economic growth rate, the company is bound to expand under Richard Liu management.

 

The interview further depicts the management technique implemented by Richard Liu Qiangdong which is based on efficiency and quality. He is also able to compete effectively and has high-profit margins by having a wide variety of products. In comparison to stores such as Walmart, the business has more products to sell with low costs associated with the same due to the short turnover periods. Richard Liu is an embodiment of success in entrepreneurship. Read This Article to learn more.

 

See also: http://www.jd.hk/richard-liu-jd-ceo-about

 

Interview With Richard Liu

 

In an appearance at the World Economic Formal Annual Meeting, Richard Liu sat before an audience for an interview. Talking about his early days in college and his business-oriented mind, Richard Liu talked about opening a restaurant right out of college and running it for several years until the business folded. He stated the failure taught him vital lessons about business and consumerism. This would help him in his next and current business as it has evolved. In 1998, Liu started JingDong. It began as a few store front shops for selling electronics and electronics accessories.

In 2004, the SARS epidemic hit China. Liu, fearing for the safety of his employees, closed the stores initially. This is when the idea struck him to move the business online; thus spurring the massive growth JingDong experienced. Liu discussed the downsides to selling online, such as counterfeit merchandise and cheating customers with high prices. Liu wanted to create a better customer experience.

This customer oriented initiative spawned JD’s innovation in customer service, selling and shipping. JingDong current has a market value somewhere near 60 billion dollars. With 500 logistic centers, autonomous delivery robots and drones, JD can guarantee delivery times in as little as 6 hours with precision.

On discussing his success, Liu joked that many of the friends that he had before becoming successful were now wealthy; hinting at his generous spirit. He’s always been surrounded by hard-working, intelligent people. Liu talked about his daily routines as a measure to keep himself in groove of success. JingDong is often compared to WalMart and Amazon. Find Related Information Here.

Liu talked about how JD’s products are of better quality than that of WalMart’s and how JD’s selection is more vast. The competitive spirit lives within Liu as he discussed Amazon. Richard Liu stated that he doesn’t believe it will be too long before JD becomes more successful than Amazon on a global scale and with their rapidly evolving innovation in customer and technology driven services, it’s not hard to imagine.

Today, JD.com stands at about $60 billion whereas his personal net worth is about 12.7 billion. And in 2017, Richard Liu became a “Variety500 Honoree” as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.

 

Source article: https://jdcorporateblog.com/about-richard-liu-jd-com-founder/

 

How Richard Liu Qiangdong Changed The World Of E-Commerce

 

Ever since the inception of online retailing, its safe to say that the world of e-commerce has come a long way. Naturally, a lot of consumers weren’t really comfortable dealing with the internet for one reason –

fraudsters. A lot of scum lingered around the dark corners of the internet posing as merchants who’d pounce on any unsuspecting consumer looking to buy.

And that’s exactly why the name Richard Liu Qiangdong is very vital especially when it comes to the world of e-commerce. When he founded JD.com back in 2004, the internet billionaire had one goal in mind and that was cleaning up the online retail scene. Liu’s dream was to lead an e-commerce platform where clients weren’t afraid to use.

So Richard Liu Qiangdong made his first step by only dealing with a business that dealt with authentic merchandise. Thanks to Liu Qiangdong’s revolutionary decision, it didn’t take long for consumers from all corners of the world to take note of the good work he was doing. And it was at that moment that JD.com started experiencing its exponential growth.

Apart from combating fraud, Richard Liu Qiangdong also made sure that he was paying very close attention to what the consumers need. And that’s when he discovered that most of them were always complaining about the extremely long waiting periods between purchase and delivery. And needless to say, the tech billionaire had the perfect solution to this.

With his bonafide team and advisors, Richard Liu Qiangdong made sure that he was stationing logistic stores all over the world, with well over 500 in China alone. This way, he was in a position to reduce the delivery time to

between 6 and 20 hours, irrespective of the area of the world the consumer is. Owing to this incredible success, JD.com was floated to NASDAQ. Visit This Page for more information.

And by 2016, the Chinese e-commerce platform was raking in as much as $37 billion in net revenues annually. Today, JD.com is valued at $60 billion and has got well over 167,000 dedicated employees worldwide. But the later success doesn’t mean that Richard Liu Qiangdong and his dedicated team are slowing down when it comes to satisfying their esteemed customers.

 

More about Richard Liu Qiangdong on https://www.aacsb.edu/about/advocacy-and-awareness/member-challenges/influential-leaders/recipients/richard-qiangdong-liu

Vinod Gupta Personifies The American Dream

 

The American dream is an idea which permeates the culture in the United States. It is the idea that no matter who you are and where you come from and what your history is you will always have a pathway to find success in America. Vin Gupta, who was born on the Fourth of July, the birthday of the nation, is a prime example of how the American dream can become a reality.

 

Gupta was born in the mid-1940s in India in the village of Rampur Manhyaran, north of New Dehli, near Saharanpur. He came from humble roots and grew up in a community without roads, running water, televisions, toilets, cars or even electricity. After spending several years in the Indian Air Force and completing high school in a school in his hometown village, Gupta enrolled in college and majored in agricultural engineering in a university in Kharagpur, India. He then finally made it to the United States when he was admitted to the University of Nebraska at Lincoln. Refer to This Article for related information.

 

Following the completion of Gupta’s formal education, he found work in Omaha, Nebraska as a marketing research analyst with a mobile homes manufacturer. As an analyst for Commodore Corporation, Gupta was tasked with evaluating rival companies. However, this required compiling a list of every rival company.

 

Commodore said it would consider purchasing the compiled list. However, Commodore did not want to pay the $9,000 price tag for the list. Instead Gupta allowed the company to use the list free of charge and in return Commodore allowed him and his partner to sell the list to Commodore’s competitors. This was the beginning business model for infoUSA which now compiles lists for all types of industries.

 

Eventually the company grew the company to more than 1,800 workers with $302 million worth of sales in 2002. In 1992 the company went public and was then sold for $680 million in July 2010. Starting from the humblest of roots, Gupta obtained vast personal wealth and success, personifying the American dream.

 

See also: https://gazetteday.com/2018/05/vinod-gupta-lessons-business/

Sunday Riley’s Lunar Sleeping Oil

Sunday Riley founded her brand of skin care products in 2009. The company is known as Sunday Riley (@sundayriley) and the products produced by the company have received a lot of appreciation from the customers. The Sunday Riley skin care products have gained a lot of popularity due to their ability to produce products that in turn have produced great results for their customers’ skins. They are also gentle on the skin. The company was formed during the rise of green technology which has really helped in moderating active scientific ingredients with herbal ingredients.

The brand has really built itself a great name and has been successful in having many followers on social media platforms such as Instagram. Sunday Riley company has also incorporated creativity in naming their products such as Tidal, Luna, and AutoCorrect. Retinol is an ingredient that has been put in many skin care products but has led to many damaged skins due to the vitamin A content in it. This is because many skin care products have not been able to balance it well with the other ingredients in their products.

Retinol is an ingredient that is capable of making the skin look read and cracky. It is also very irritating to the skin and requires careful application. However, Sunday Riley brand of skin care products has been able to incorporate retinol to its products and has been able to balance it with other ingredients using the green technology. To be specific, retinol is incorporated in the Luna product which is also known as Luna sleeping oil. The retinol ingredient in it makes the skin feel relaxed and also makes it look good. It does not irritate the skin.

The product has been appreciated by its users because of its unique qualities and also the inky blue color it has. The Sunday Riley product has produced good results for many users and reports have indicated that it has been successful in removing wrinkles, , and redness which are skin disorders that disturb many people. The product has worked very well in all skin types as well. It is without a doubt that Sunday Riley products are bringing hope to the people with damaged skin. Follow Sunday Riley on Twitter.

Visit here: https://www.spacenk.com/us/en_US/brands/s/sunday-riley/

Vinod Gupta’s Ideas About Success

 

Vinod Gupta is a successful businessman who is noted for his work in the field of databases. Recently, Mr. Gupta shared some of his ideas about what success means to him and how others can achieve success in their lives.

Vinod Gupta is the Chairman of Everest Group LLC in Omaha, Nebraska. He was the founder, chairman and chief executive officer of Infogroup, a technology company and started the Vinod Gupta Charitable Foundation.

The first thing that Vinod Gupta believes that everyone should know about success is that it isn’t something that is achieved instantaneously. Virtually everyone who has achieved some measure of success in this life has had to put in a lot of hard work and effort.

According to Vinod Gupta, a major part of achieving success is taking at least some risks in life. One of the big risks that he took was leaving his home nation of India in order to come and study at the University of Nebraska. That risk paid off as Mr. Gupta has had a profitable career in the United States.

Mr. Gupta recommends that someone seeking success should go a little above what they are comfortable with. He wanted to create a database that was better than the one the company that he was working for was using. Little did Mr. Gupta know how much that would entail. He persevered, and it led to the creation of his multi-million dollar database business. Visit This Page for related information.

Although he is a successful businessman who continues to be very involved in the business world, Vinod Gupta also remembers to be charitable. Vinod Gupta believes that a truly successful person is one who gives back to the community and helps others so that they can achieve success in life as well.

Most importantly, Mr. Gupta recommends that one follow his or her bliss. Someone can only be truly successful in life if he or she is following a path that leads to happiness and fulfillment. Vinod Gupta likes to share his Lessons in Business for those that wants to be successful.

 

Source: https://gazetteday.com/2018/05/vinod-gupta-lessons-business/

 

 

Louis Chenevert’s Business Successes

Louis Chenevert is a former CEO of the United Technologies Corporation (UTC) as well as renowned Canadian businessman. UTC is an American multinational conglomerate that carries research and development as well as the manufacturing of high technology products. He spent 14 years serving at General Motors as the Production General Manager. In 1993, Louis Chenevert joined Pratt & Whitney a company based in Canada and was elected the president of the company six years down the line.

He was also elected as the Chairman of the UTC in March 2006. Louis also served as the Vice-Chairman of the Executive committee of the Business Council from 2011 to 2012. He decided to decline from the post of Chief Executive Officer of UTC on 8th December 2014. He then joined The Merchant Banking Division at Goldman’s Sachs where he acted as the Exclusive adviser. His important target was industrial in conjunction with the aerospace departments.

As the Chief executive Officer of the UTC, Louis Chenevert left a legacy since he played a very crucial role in this company. His set legacy of high standards that tough for the other CEOs to uphold. He managed to achieve some amazing feats such as making tremendous gains in the market while still in recession and acquiring Goodrich. His acquisition stands as his serial deal that stands for the business acumen in conjunction with extraordinary patience. This was because he spent over one year in negotiations before he got to 18.4 billion USD deal.

However, Louis Chenevert project, the GFT, is among the best in his list of accomplishments. This pet project was elected as an option for the establishment of Airbus Pratt & Whitney. This was a super influential group in the narrow-body jet engine market. He anticipated the establishment of the advanced materials which assisted in the growth of the engine. Regarding Louis, the concept of decoupling the fan had a significant potential for s payoff in both the larger and the latest designs. He aided UTC in meeting an investment commitment in high-quality technology that instills growth for the company today and develops manufacturing jobs to boost the United States Economy.

http://www.yachtingmagazine.com/louis-chenevert-horizon-yachts-P105-design

National Steel Car Is A Successful Company Because Of The Executive Leadership

 

National Steel Car (NSC) is 100-plus-year-old steel car and boxcar manufacturing company in Canada. Gregory Aziz, the CEO and Chairman of NSC has embraced technology to spur new contracts for NSC. Because of NSC’s ability to embrace technology to win awards is what Aziz’s company is a best-in-class railcar manufacturer in North America. National Steel Car was initially founded under the name of Imperial Steel Car in the year, 1912. Today, the boxcar manufacturing company, which is now known as NSC is one of the most successful companies in North America in the sector for the manufacturing and production of railcars. National Steel Car produce gondolas, railcars, boxcars and more to its customers and stakeholders in US and Canada. NSC is deeply involved in the railway transportation sector, so it has worked to expand its business outside Canada since Gregory James Aziz has been the Chairman and CEO of NSC.

Regarding Greg Aziz’s background, Aziz was born in a small town in Ontario named London. Before Aziz being the CEO of National Steel Car and working in finance in New York City, he began by working for his family’s fresh food business in 1970 in Canada as a young man. See Related Link for more information about James Aziz

James Aziz had a significant opportunity to gain important business exposure to business life as a youth, by working for his family’s company after each school day was over. Aziz worked for Affiliated Foods in the 1970s. Aziz’s family business started to build up more clientele as it looked to drum up some new business in the U.S., Mexico, South America and elsewhere. Over a span of 16-plus years, Affiliated Foods was able to turn into a global fresh food distributor.

James Aziz’s strong leadership as head of National Steel Car helped to improve this company in many ways, especially when it comes to its staff size. Aziz was able to increase the employee base from 500 in 1994 when he bought the company from Dofasco to 3,000 staffers. NSC’s previous owner, Dofasco, purchased this Canadian railcar firm in the early 1960s.

As the chief executive of National Rail Car, Greg Aziz made the wise decision to focus on things like team-building of its staff as well as implementing new technology to develop new railcars. Because of Greg Aziz’s focus on important technology has helped his company earn the TTX SECO award in consecutive years as well as gain kudos from industry peers.

More about James Aziz on https://medium.com/@gregoryaziz

 

 

 

 

James Dondero Does More For Dallas

James Dondero is a titan of industry in the field of finance, and an enthusiastic philanthropist who actively searches for ways to give back to his home city of Dallas, Texas. It all began when James began his journey in the financial industry by attending the University of Virginia’s McIntire School of Commerce where he would earn his Bachelor of Science degrees in accounting and finances. Read this article at barrons.com. It didn’t take long for James to find his place in the business world after he graduated and soon went on to build a financial training program for JP Morgan Chase & Company. His time with JP Morgan Chase & Company was so successful that James soon found himself accepting his dream job with American Express. Here is where he would put his investment skills to the test and manage one billion dollars worth of fixed income funds for clients of American Express, James Dondero did this from 1985 to 1989. It was 1989 when Protective Life asked Mr. Dondero to be the Chief Investment Officer for their GIC Subsidiary, to which James gladly accepted. What was once an idea, soon became a thriving two billion dollar success story with the help of James Dondero and his experience managing various accounts. Read more about James at Crunchbase. After years of maintained success in the financial industry, James felt it was time to establish an investment firm of his own, and so Highland Capital Management was headquartered in Dallas, Texas, in 1993. It wasn’t enough for James that he had made his million’s and earned himself a seat at the top of the tier of alternative credit managers throughout the world; James wanted to give back to his community as well. One of the examples of the way James Dondero gives back to the city of Dallas, Texas, is his recent one million dollar donation to the Dallas Zoo so that they could rebuild their long-lost hippo habitat. The zoo lost their eldest hippo, Papa, in 2001, and the management team had to make the difficult decision to shut down the habitat. Now, nearly two decades later, guests to the zoo can enjoy visiting Adhama, and Boipelo, the two young additions to the zoo in the brand new Hippo Outpost.

Visit: http://www.jamesdondero.com/bio/

Hussain Sajwani: Investing in the Food Business and the Real Estate Sector

Hussain Sajwani is known as one of the wealthiest billionaires in the UAE. He is the founder of DAMAC Properties, a leading real estate and property developer in the Middle East.

According to Forbes Middles East, after he graduated from the University of Washington, the young Hussain Sajwani decided to move back to the UAE to look for a job in the oil and petroleum industry. He found a job at GASCO, but he thought that the monthly salary he receives is not enough to make him rich. He decided to quit early and thought about building his own business instead. Hussain Sajwani purchased a small space that is located near a US Army Base and an engineering company called Bechtel. He noticed the influx of people every day and thought that establishing a catering business would be the best idea. He started his business in the 1980s, and it became a popular eating place for the US Army soldiers and the employees of Bechtel. Because of the success of his business, Hussain Sajwani earned his first millions, and he also allowed franchises of his company to open up in other states in the Middle Eastern, Africa, and Central Asia.

In 2002, Hussain Sajwani decided to attend a conference being sponsored by the UAE government. The attendees were encouraged by the government to help them in transforming Dubai into the UAE’s commercial and tourism hub. Hussain Sajwani developed an interest in supporting the UAE government, and he founded DAMAC Properties using the money he saved from his catering business. The DAMAC Properties was launched in 2002, and it became an instant hit among the developers across the Middle East. Hussain Sajwani also involved himself in the construction of several luxury residential complexes across Dubai, and he also promoted his business in key cities across the Middle East. He talked more about this in an interview with Albawaba.com.

Today, the DAMAC Properties is developing a golf course, in partnership with the United States President Donald J. Trump. The gigantic golf course is expected to open in late 2018, and according to Hussain Sajwani, the golf course would include hotels, restaurants, and other amenities that would cater to the tourists who wanted to visit the area.

See this article from CNBC: https://www.cnbc.com/2018/01/23/cnbc-interview-with-hussain-sajwani-damac-properties-founder-and-chairman-from-the-world-economic-forum-2018.html