How Richard Liu Qiangdong Built JD.com Into A $50 Billion Company

 

Richard Liu Qiangdong is Founder and CEO of JD.com, once called Jingdong. JD.com began as a little four-square-meter shop in Beijing that only sold magneto-optical products. Today, JD.com sells billions of different products, mostly involved electronics and technology; products everyone in the world is obsessed with having.

JD.com is China’s second most successful online business behind Alibaba.

Unlike Alibaba, JD.com is expanding into new countries at a mind-bending rate. Liu Qiangdong believes that domestic and international success is built on understanding people from different parts of the world. Every now and again, Liu Qiangdong travels to different countries to give interviews and meet with people from all over the world.

Last year, Liu Qiangdong traveled to Dallas, Texas to give an interview to Davos-Klosters. In the interview, he revealed several personal and business facts that helped shape him as a person and his company.

One of the most interesting facts was about his family. Growing up, Liu Qiangdong wasn’t rich; no one in his family had much money. Most people in that situation grow to become obsessed with success and monetary gain. Though Liu Qiangdong is successful and loves growing his business, Liu loves the business aspect more than the money. The money is just a multibillion-dollar bonus.

When he first moved to the city, he wanted to pursue a career in politics. After earning a degree in sociology, he realized that no career in politics offered enough money. Shortly after he graduated, his grandmother fell ill, so he needed more money to help pay for her treatment. See This Article for additional information.

He learned computer programming and worked as a freelance coder, sending money back to his family while attending the China Europe International Business School. In 1998, he opened the first Jingdong store in Beijing.

By 2003, he had 12 stores and planned to open more. Unfortunately, that year’s SARS outbreak brought his plans crashing down but gave him the opportunity to open an e-commerce business. JD.com was born one year later.

In an article on AACSB.edu, Liu was listed as one of the “Most Influential Leaders”. As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership.

 

More about Richard Liu Qiangdong on https://www.hugessen.com/person/richard-liu

Davos Interview: Richard Liu Qiangdong On Business, Family, And Expansion

 

Richard Liu Qiangdong, the Chinese internet celebrity owner of JD.com, is amongst the wealthiest in the world. He currently offers over one billion products for sale on his website, which is more than Walmart’s one million says Liu, and can deliver 60% of goods within under 6 hours to any region of China, and 97% of goods within 20 hours of order time. This is in stark contrast to delivery speeds to other parts of the world like America where it can take up to 15 days to receive goods from China.

Richard Liu started out selling computer parts, cell phones, and I.T. products in shops around Beijing. Now he’s worth ten billion himself, and his company is worth around forty billion dollars on a good day. Richard Liu Qiangdong’s goal is to grow personally, professionally, and for the community simultaneously because wealth is actually a responsibility more than it is a luxury. Richard Liu said in a recent Davos, Switzerland interview that he enjoys being a father, a sibling, a husband, a son, and a business partner, because they each have their own roles in life. Find Additional Information Here.

He’s 44 now, but toward the beginning of life it was not so simple. He grew up in a more rural part of China and wanted to provide medicine for his sick grandmother. Richard Liu went to live in Beijing and attended Renmin University to study sociology, and in his free time he coded computer programs. His goal now is to expand into SouthEast Asia first and then into Europe, and eventually America.

Every day at 8am his managers have meetings in order to gauge the state of the business. Different strategies are implemented in different areas depending on the nature of the local businesses. While the Chinese economy grew 8% in the last few years, Richard Liu’s business grew 100%.

 

Related article: https://www.businessoffashion.com/community/people/richard-liu

Success through Employee Wellness: a lesson from Louis Chenevert

Louis Chenevert is famous for his role at the United Technologies Corporation (UTC), which turned the company from a state of financial repression to massive developments and profits. The company deals with jet engine assembling for technologically advanced jets used for business and military requirements. He is an incomparable capitalist who is always looking forward to improving, thus mastering the knack of investment and the changing aspects of the business.

During his stewardship at UTC, Louis Chenevert saw the company through profitable investments, needless to say, the most profitable ventures. These include; The advancement of the company’s Climate, Controls and Security facility in Connecticut to cater to refrigeration, heating devices, air conditioning and fire detection necessities; The development of the GTF engine that was later chosen for Airbus upon completion of the project; The expansion of the Aerospace Unit to accommodate plants that produce sensors, brakes and other aerostructures; Employee training programs that promote innovation, employee education and a supportive working atmosphere, and the manufacture of helicopters by the company’s facility in Sikorsky that has produced helicopters more than any other unit in the United States.

Louis Chenevert’s leadership at UTC resulted in a considerable standing in the business world, becoming a trendsetter in the industry. His career life is a summary of success stories including: The acquisition of Goodrich during recession: The GTF Engine that has seen a number of its inventions employed in many aircraft; the decision to evade outsourcing of production workforce by relocating engineers to the plant at Connecticut; the maintenance of all employees during challenging financial times which saw other companies lay off their workforce to stay afloat; the increase in share price during a time of financial decline, and his role in the Employee Scholar Program that oversees the expenses of employee education.

Louis Chenevert has worked up the ladder on several occasions, becoming a leader through hard work and determination. Company executives can learn from the business giant that becoming successful in business does not come about by terrifying employees and shouting orders at them, but by working as a tea to meet the company’s goals and objectives.

http://www.courant.com/business/hc-goldman-sachs-louis-chenevert-20150909-story.html

Doe Deere: A Journey of Empowerment

Everyone now and then we are reminded of the incredible attraction of the American dream to those around the world. It is a beacon of hope that lights the hearts and minds of those wishing to come to America’s shores. This dream was in the heart of Doe Deere, a Russian born immigrant who’s exposure to American culture instilled the dream of one day capturing her own American dream.

Doe Deere would get the chance to obtain that dream, at the age of 17 her mother wanting a better life for her daughters would move them to New York City. Doe was eager to live in the land of opportunity, however, it was not to be this way. For a long time, her family would struggle to make ends meet and it did not help that her mothers accounted credentials had not yet been transferred, meaning her job options where extremely limited. The mounting pressure would lead Doe Deere and her family to live in a Manhattan homeless shelter. She recalls that her daydreaming of becoming a designer was about the only thing keeping her optimistic during one of the hardest times of her life.

In 1999, a social worker named Dorchen Leidholdt came to the families aid. Dorhchen would find an opportunity for the family and eventually aid Doe Deere in attending the Fashion Institute of technology after seeing the creativeness in her sketches. In 2008, Doe’s hard work paid off. She would found makeup company “Lime Crime” and advocate company for empowering women through products and company message. Doe Deere employees a team of over 35 individuals all leading the way to show women that they can be anything they want to be and more. She concludes by stating that the contribution of the greatness of America sometimes comes from those who did not begin as Americans.

http://inspirery.com/doe-deere/

Robert Deignan Continues To Make Customer Service A Focal Point For ATS Digital Services

Robert Deignan has been serving in the tech sector for many years, and he started up his first company just three years after graduating from college. Deignan studied at Purdue University and received a Bachelor of Science in business management while there. His first company was named Fanlink and he was a co-founder of the company. He decided to move on from Fanlink after some time and ended up working with iS3 Inc. as its executive vice president. His knowledge of technology helped him greatly while he worked with the company, but he eventually decided to strike out on his own again.

In 2011, Robert Deignan decided to help create ATS Digital Services, LLC. He now serves as the company’s chief executive officer and helps to resolve people’s tech issues. Deignan has always focused on the customer service aspect of the company, and this has helped to grow it as quickly as possible. Every employee that works for the company is fully trained so they can do the job right, and ATS offers so many services that it is hard for customers to want to go anywhere else. The company works to repair cell phones, tablets, and computers and can do so remotely. ATS also works with customers to conduct troubleshooting, to set up TV’s, to setup smart technology, and also offers many other services.

Robert Deignan has dedicated himself to keeping up with the world of technology because of how rapidly it changes. He knows that technology makes people’s lives easier and has learned that this is what he wants to offer to customers, too. This is exactly what has made ATS such a popular company, and it has also helped that the company is certified by AppEsteem. This means that it has passed AppEsteem’s rigorous process to demonstrate that it is committed to customer service. Deignan revealed in a recent article that his company has been focused on customer service from the beginning and that he always ensures that his employees are certified to work with the technology they offer advice for. He is expecting great things for ATS in the future.

http://www.atsdigitalservices.com/

The Tough Journey of Richard Liu Qiangdong Before The Establishment Of JD.Com

 

1973 was the year when Richard Liu Qiangdong was born in the Republic of China. His parents were renowned business people who operated in the business of transporting coal within all the regions of the country. Since he was young, Richard Liu Qiangdong had been aspiring to become one of the prominent politicians in his country.

Richard Liu had a passion for politics and hence when he attained the age of joining college, his parents took him to the People’s University of China, an institution that was linked to the production of the political elites in the country and the whole world. In the institution, Liu was pursuing a bachelor’s degree in Sociology and Political Science, and hence he expected that with the combination of the disciplines, all the employers would be scrambling to employ him immediately after finishing school.

While still in College, Liu had joined some classes where he studied computer programming and hence he had started earning some good money while still learning. He would assist his fellow students in fixing their tech issues, and in return, he could get paid some cash. That was how he survived in college without a lot of financial hassles and struggles. However, things turned out to be a bit different after Richard Liu Qiangdong completed his degree. The employment that he had been very confident about turned out to be a meager fantasy. He tried to seek employment from various organizations in the city, but all of them turned a deaf ear on him.

As a result of frustration from the unemployment, he took some loan from his family business that was run by his father and with the assistance of the little savings he had made from the computer programing income, he started a restaurant in Beijing. This turned out to be a nightmare to Richard Liu Qiangdong since shortly after the establishment of the entity; it collapsed as a result of consistent loss-making. Go Here for more information.

He closed the business and contemplated opening a technology-related organization. That was how Richard Liu started the JD.Com organization, a firm that has been very vibrant in the provision of tech services to customers all over the Republic of China and globally.

 

For title: https://finance.yahoo.com/news/richard-liu-high-flying-ceo-100429011.html?_fsig=uIMv3xJkNFuLMYw_z6Ocsg–

Vinod Gupta Supporting Education initiatives

 

Vinod Gupta is a successful entrepreneur. He is the Managing General Partner of the Everest Group. He is also the founder of InfoGroup, a company that he sold in 2010 for $680 million. Gupta has had a successful business life, and now he is assisting those who are trying to build successful careers in the businesses sector.

Through his new firm, he is supporting the operations of underperforming assets and even supporting startups that deal with database technology. With the knowledge Gupta has acquired from these businesses, he is now the right person for the job. He has done so much to keep his businesses together and help others to become like him.

One of the things he proud about is the role of education in his success. While some people think that education does not guarantee success, Vinod Gupta has a different perspective on education. To him, it is education that has led him down the path of success. If he never had an opportunity to get good education probably, he would never have made it. He recognizes that young people need to be supported through education.

As he goes on with initiatives to support education, thousands of young people are getting an opportunity of a lifetime. In India, that is where most of the funds he is donating to education are going to. His mission is to help those who would struggle to get an education, especially Women’s Education He has built schools in the village he was born and others in his Alma mater. He is also funding courses at the University of Nebraska.

His wish is to support educational initiatives on a global scale. Vinod Gupta says that he gets satisfaction from helping others and that is why he never relents on this mission. He considers himself lucky enough, and he should do something to help others who would like to be like him. Refer to This Article to learn more.

 

View source: https://medium.com/@vinodgupta1/vinod-guptas-my-american-dream-and-how-you-can-dream-too-e631beab057e

 

 

 

Richard Liu Qiangdong: A Successful Past And A Global Future

 

The business of e-commerce can be quite harsh if one does not understand the ins and outs of the process. In fact, many new businesses in this portion of the economy do not do as well as their traditional physical counterparts. The reason for this is because they are often faced with a huge amount of competition in their early days and they need something to set themselves apart from the rest.

Richard Liu Qiangdong managed to beat the odds with his company JD.com, originally known as Jingdong Mall. Richard Liu sits down with Weforum.org to discuss the change in structure that may JD.com what it is today. His interviewer, David Rubenstein wanted to discuss a previous restaurant venture that he believes helped shape the future for Richard Liu Qiangdong.

Richard Liu tells Mr. Rubenstein that the restaurant that he previously owned went under. What he learned from that experience is that he should not divide his time. He was a student when he opened it and he was looking for a way to quickly earn money. He learned that if he wants his businesses to succeed, he needs to be present. When he opened Jingdong Mall he took this under advisement. His constant involvement in the growth of the business is one of the reasons why it spread to 12 locations. The electronics company was doing really well up until the SARS outbreak in China in 2003. This was when Richard Liu Qiangdong needed to think about other ways to make money. See Related Link to learn more.

JD.com did so well because they started offering a wide array of products. Richard Liu tells Mr. Rubenstein that he did not add categories on a whim. He went through and systematically added them after thoroughly reviewing the product choices. It was a painstaking process it took him nearly 6 years to complete but it was worth it. His customers felt secure with their purchases and it led them to recommend his company to their close family and friends. Liu hinges his success on being a reputable company. This is also something he tells his interviewer that he hopes to take global.

 

Visit: https://www.chinamoneynetwork.com/2018/10/18/jd-com-opens-up-its-logistics-network-to-users

National Steel Car & Gregory Aziz: A Winning Combination

 

National Steel Car, a leader in railcar production, is one of the most innovative railcar-production companies in the world. The company is headquartered in Hamilton, Ontario, but it has expanded its services into the United States. Known as Imperial Steel Car in the early months of 1912, the company took over as the premier railcar producer in North America. The company’s name would be changed to National Steel Car in the latter months of 1912, and it continued its dominance into the 1930s. After the North American Great Depression hit, National Steel Car never got back to its glory days as the company became a shell of itself.

Fast-forward to 2018, and National Steel Car is back on top of its game. The reason for this huge success has come from its new CEO. Gregory J Aziz has revolutionized the company from the ground-up, and he has changed the status quo. Aziz was born in 1949, and he’s originally from London, Ontario. His family has Polish roots, but the nation of Canada has always been his home. Aziz’s family owned a flourishing business that specialized in the importation of food products. The family’s business was known as Affiliated Foods, and it imported fresh foods all across the Americas and Europe. Greg Aziz’s economic background helped the business in many ways as it was able to extend its lengthy routes into the US. After doing such a great job with Affiliated Foods, James Aziz relocated to New York. While in New York, he began to accept a myriad of roles in the investment sector. By the time 1990 had rolled around, Gregory J. Aziz had earned fortune.

Aziz used his very own capital to acquire National Steel Car from its former owner Dofasco. As of today, National Steel Car manufactures a range of railcars like no other company. It has a client’s list that extend for hundreds of miles. This includes the clients CSX, Shell Canada, Canadian National Railways, Canadian Pacific Railway, Nova Chemical, Union Pacific, Ontario Northland Railway and many more. Gregory James Aziz is the man with the plan, and his futuristic visions has helped to better mankind on a business level. See Related Link for additional information.

Related Article: https://about.me/greg.aziz

How To Succeed By Vinod Gupta’s

 

Vinod Gupta is an Indian-Born American Businessman, Philanthropist And Investor. He is the former C.E.O. and chairman of infoGROUP, formerly known as infoUSA.

 

Gupta started out by borrowing 100 dollars from a bank and grew infoGROUP to an annual revenue of over 150 million dollars with over five thousand employees. Gupta shares how others can follow in his footsteps and succeed in this modern world we live in. To start off, he emphasizes you must take chances. Gupta is from a small village in India without much, so when the opportunity for him to attend university in Nebraska arose, it’s no surprise he’d be nervous about leaving his family behind with barely a dollar in his pocket.

 

Yet he decided to take the chance and as he says “fortune favors the bold”. The next piece of advice is to bite off more than you can chew. Vinod Gupta highlights how it’s easy to get overwhelmed and forget how capable we are. You must convince yourself that you can can do it, even if that means you have to buckle down and continue to move forward. Next you must redefine your success. He says you must continuously reconsider what success means to you. He proclaims that even though you may feel like you’ve reached the top, there’s always more success or accomplishments you could be going after. Visit This Page for additional information.

 

In addition to this, he reminds us to make our loved ones a priority. All the success and money you make is nothing if you don’t have someone close to share it with. Lastly Vinod claims the true key to succeed is to follow your bliss, you’ll never consider yourself successful unless you are happy with what you are doing. Gupta’s passion is doing charitable work and this makes all the success he’s had in his life worthwhile.

 

View Source: https://medium.com/@vinodgupta1/vinod-gupta-shares-advice-on-how-to-succeed-in-the-modern-world-ad76442a8b26