Richard Liu Qiangdong And His Business Empire

 

People who shop on JD.com know how big the company is. They know that they can find high-quality products through the website and that it has a lot of traffic. It is estimated that the company is worth more than $12 billion, and that millions of customers shop every day. What these customers may not know is the story behind the multi-billion-dollar business empire, and its chief executive officer, Richard Liu. His story is one that surprises and inspires budding entrepreneurs in equal measures. Liu Qiangdong’s ability to transform a small business operating in a small shop into a worldwide brand still amazes many people.

 

The childhood story of Liu

As a child growing in the province of Jiangsu in China, Richard Liu Qiangdong had a lot of motivation. He had lived with his parents who were working in coal and knew the importance of hard work in life. In addition to that, the parents never missed an opportunity to remind him the importance of working hard in school. Therefore, he put in his best performance and got a place in the Peoples University of China. This would be the beginning of good things in his life because after graduation, he was still hungry for more education and so, he studied computer science. View More Information Here.

 

How he was employed and how he started his business

When Richard Liu Qiangdong graduated from University, he chose an employment opportunity at Japan Life. The company was involved in the distribution of natural supplements, and Liu was happy to get a chance to contribute to its growth. Later, he was appointed to be the director of computers, but he only worked there for a short time because his mind was fixed on starting a business. Therefore, he left to start selling magneto-optical products in a shop that he rented in a local town.

 

Liu was not contended by the few local customers that the business attracted, and therefore, he created an ecommerce platform to reach out to more clients. This saw a rapid growth in sales and caught the attention of many other companies. They asked Richard Liu Qiangdong for a chance to sell their products on his platform, and so, JD.com was transformed into a multi-billion-dollar company with worldwide customers.

 

Visit: http://www.liuqiangdongjd.com/

 

 

 

About Louis Chenevert and Guidelines for a Successful Business

Louis R. Chenevert is a Canadian entrepreneur and the current Exclusive Advisor of Goldman Sachs based in Farmington, Connecticut. He pursued Bachelor of business administration at HEC Montreal, enhanced it at the University of Montreal and in 2011, received his doctorate certificate from HEC Montreal.

Entrepreneurial Career

Chenevert had held a different position in top organisations since his venture into business in 1993. He worked as a production manager for Pratt & Whitney in Canada and later promoted to Vice President from 1999 to 2006. He had previously worked for General Motors for fourteen years as a production executive manager.

In 2006, he became COO, president and director of United Technologies and later in 2008 held the position of CEO at the same company. He has held other positions in Cargill Inc. and The Business Council and received numerous occupational awards such as the USO distinguished award in 2013. He also a co-founder and director of United States Friends, chairman of HEC Advisory Board and Yale Cancer Center board.

Louis Chenevert’s Guidelines on Promoting Your Business through Employees

Chenevert points out that instead of overlooking the employees and focusing on technology or external support to grow, the best business booster is right at hand. The employees have all it takes to ensure the company achieves its goals. For instance, making the workplace friendlier and a place of fun during breaks or working hours keeps them motivated and enjoys working during their periods or at overtime. Teamwork through the building of amenities for the less fortunate and acting as a volunteer to help charitable organisations through your company’s employees also accelerates business profits over time.

Again, rewarding the best through instances such as the best employee of the month will encourage them to work hard. By gifting them with a day off or a tangible reward or to the extent of giving them a job promotion are among the tips to expand and grow the corporate. Louis Chenevert used scholar program technique to his employers as a guideline to improve the company’s success. Despite the use of money, employee scholar agenda as well as accelerate the employees’ motives at work.

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Richard Liu Qiangdong Commits Himself To Make JD.com the World’s Largest E-Commerce Platform

Liu Qiangdong, otherwise known as Richard Liu embarked on an entrepreneurship journey in 1998 when he established an offline electronic retail business. Qiangdong ventured into electric business amidst financial challenges which saw him not go abroad for further studies. His grandmother was also unwell but she couldn’t get medical care because of lack of funds.

 

The business picked up pretty quickly and expanded into 12 shops in Beijing. Sars outbreak brought Richard Liu’s business to a standstill. Amidst the misfortunes, Richard Liu started selling items online. At the time, e-commerce was not doing so well because it was made up of rogue business platforms which offered counterfeit products. Richard Liu Qiangdong vowed to sell authenticated goods as well as issue invoices in his platform. In 2004, JD.com was launched with IT equipment, mobile phones and digital electronics on the “shelves”.

 

Richard Liu worked hard to bring more products to the platform. By 2010, the platform had everything shoppers could ever need. Currently, JD.com prides itself on over 1 billion products. It is worth about $57 billion and Richard Liu was listed by Forbes as among China’s richest individuals with a net worth of $11 billion.

 

JD.com grew in every aspect to become one of the largest e-commerce platforms in China. It has built a infrastructural network that has enabled it to make deliveries in just 3 hours in Beijing and 6 hours everywhere else in China. JD.com has increased its presence in China significantly and even worldwide. It has been ranked third largest internet company in the world. Mr. Richard Liu Qiangdong looks to make the company the world’s largest e-commerce platform in the world in a few years.

 

Richard Liu looks to bring the world’s best products to China through Jingdong. With over 300 million active users, JD.com has mastered its art and developed technologies to aid in parcel deliveries. It has improved its autonomous delivery capabilities immensely. Currently, the company is working to expand outside China to the Middle East and Southern Asia.

 

Mr. Qiangdong is the CEO and founder of the company whose directors won’t form a quorum without him. He values his family so much that he considers it his greatest achievement. He is always trying to be a better husband, father, son and brother. Read This Article for more information.

 

See Also: https://www.forbes.com/profile/richard-liu/#77b17bbf2677

Richard Liu Qiangdong Talks Business And Entrepreneurship

 

Richard Liu Qiangdong is more than just a Chinese internet star and e-commerce billionaire. He also happens to be a business guru who has a long experience with trial and error as well as making things work. He was born sometime in 1973 to coal shippers and from an early age, he always wanted to be a politician. But the guru, who is also a Red Cross volunteer, decided to make a shift and become an entrepreneur. Liu begun trying his hand in business while he was still a student at Renmin University in China but it wasn’t easy. Thankfully, he learned from both his mistakes as well as misfortunes and prevailed.

 

Founding JD.com

As soon as the SARS epidemic struck China and destroyed a lot of businesses, Richard Liu was quick to evolve. He turned his business online where interested clients could easily make a purchase online and have their items delivered within record time. But since Richard Liu Qiangdong had limited monetary resources, he only had to deal in a handful of electronic items. But by 2010, he was in a position to offer just about everything his clients wanted. Richard Liu also had the ability to provide nothing but original goods which was something that most e-commerce platforms at the time pretty much needed. Today, JD.com has an estimated worth of close to $60 billion with well over 167,000 employees worldwide

 

The Relationship Between Business and Service

While still talking on the world economic forum annual meeting, Richard Liu Qiangdong was quick to assure everyone that JD.com is one of the best  e-commerce platforms in the world. And this was simply because they are dedicated to giving their esteemed clients nothing but the very best of service. Richard Liu Qiangdong was quick to acknowledge the fact that a lot of e-commerce platforms don’t listen to customers. For starters, he was keen to improve on the delivery time from a couple of weeks to just under 20 hours. And this was irrespective of where the clients were. He also stated that they only deal with original goods, which was another problem that most e-commerce platforms at the time were clearly struggling with. Get More Information Here.

 

More on: http://www.ftvcapital.com/team-member/richard-liu/

The Early Business Life Of Vinod Gupta

 

Vinod “Vin” Gupta is one of the influential entrepreneurs and philanthropists in the world today. Since he moved into the United States, he has never forgotten about his humble beginnings in India. It is the small town he was born in, that he has learned some of the most important lessons that have contributed to his great success in the business world. Vin Gupta attended a small village school in India before joining the Indian Institute of Technology where he studied agricultural engineering. He then moved to the United States for his masters in agricultural engineering at the University of Nebraska at Lincoln.

 

After completing his masters, he joined an established company known as commodore corporation as a marketing analyst. Vin Gupta was given a task by the mobile home manufacturer to come up with a list of mobile home dealers in the whole of the United States. The company would need to come up with a list of potential clients for via products. Vinod Gupta, realized that the information he was looking for was non-existent and he had to come up with a cohesive list of his own. After coming up with the list, Vin Gupta realized every value of the compilation he had done. He decided to turn the list into an idea and that the kids later and became one of the biggest database companies in the United States. Get More Information Here.

 

Vin Gupta borrowed $100 from a local bank to aid marketing analyst as he sent out the list to all potential clients. To his surprise, he started receiving a large number of orders from different companies and his business took off to a great start. In 1972, he created American business Information and the company quickly grew into the number one go-to-source for business information in the United States. Two decades later, this company was worth more than $500m.

 

Vin also likes to give back to the community. Vin Gupta has been a huge supporter of Women’s Education and started the Ram Rati Gupta Polytechnic for Women in Rampur Maniharan.

 

Learn more from Vin Gupta on https://gazetteday.com/2018/05/vinod-gupta-lessons-business/

 

Robert Deignan a Tech Guru

Robert Deignan is a world-renowned serial entrepreneur. Deignan currently serves as the CEO of ATS Digital Services a privately held company that he co-founded in August of 2011. The Boca Raton, Florida based digital firm is focused on helping consumers around the world solve emerging technological issues that range from connectivity to general troubleshooting.

 

Robert Deignan has spent the better part of his life in Florida, United States of America. Deignan was born Fort Lauderdale, Florida. Deignan in a quest for education attended St Thomas Aquinas High School from 1988 to 1992. Deignan is an alumnus of Purdue University where he graduated with a B.S in Business Management in 1995. Deignan, a great footballer, played for several top American football teams such as the Miami Dolphins and the NY jets among others.

 

Robert Deignan immediately after his education began his entrepreneurship journey and co-founded Fanlink, Inc in July 1998. Deignan worked for Fanlink, Inc for almost three years. Deignan in the year 2002 joined the Boynton Beach-based iS3, Inc. firm where he served as the company Executive Vice President. Deignan served in the position for almost a decade. He left the firm in June 2011.

 

Deignan Departure from iS3, Inc. was the beginning of another eventful entrepreneurship journey for him. Deignan in August of 2011 co-founded ATS Digital Services, LLC where he still serves to date as the company CEO. ATS focuses on providing technical tech solutions. The company boasts of having sophisticated remote troubleshooting capabilities.

 

Robert Deignan, a tech guru, gives insights on how people can create a healthier relationship with technology. Technology and advancements made in the industry have made life much better. However, anything good also has its negative side. If you decide to keenly look at the people around you whether in the office or on the streets you will notice they spent a considerable amount of time on their phones. Besides, the world of today requires lots of people to work behind a computer for a significant amount of time daily. All these activities according to Robert Deignan are not healthy. Too much consumption of something is terrible says, Deignan.

 

It is certain that technology has created many opportunities for techpreneurs and it has paved the way for many discoveries in the health sector. Despite all these significant improvements in our everyday lives, we must use technology in moderation if we intend to live a healthy and happier life.

 

https://gazetteday.com/2018/06/5-tips-entrepreneur-businessman-robert-deignan/

Developing a Business Idea To A Profitable Business With Vinod Gupta

 

Born in a small village in India, Vinod “Vin” Gupta can be termed as a self-made business expert. He graduated from the Indian Institute of technology with a degree in Agricultural Engineering and later on acquired a scholarship from the University of Nebraska, where he earned his Masters degree in Agricultural Engineering and Business. His first attempt in business began as a result of shrewd observation and research into the existing market gaps.

 

His career began at Commodore Corporation where he was tasked with supplying a thorough list of all the mobile home dealers in the United States. Vin Gupta went on to acquire a bank loan of $100 and invest in direct mail marketing with which numerous clients placed their orders showing their interest in his product. That became the creation of American Business Information. The company saw tremendous success, growing from a bank loan to $680 million.

 

Vin Gupta confesses that American Business Information became profitable before its initiation. Several clients expressed their interest in the product and placed pre-orders. This emphasizes his point that a great idea requires a real market to succeed. His product had a market demand and prior to his investment. He engaged in wide-ranged market research to retain the firm’s profit status. Vin Gupta advises young entrepreneurs to limit the risks within their scope of investment if they invest a lot of funds in the project.

 

Larger risks can be taken if an investment is not widespread. Vin admits that he acquired his first customer from the pre-orders he received. InfoGroup has absorbed other companies and expanded other sectors in technology including mapping services, applications, and concierge services. According to Vin Gupta, there is a growing demand for the database, even with the absent knowledge of the product’s consumers. The most insightful book he has read is Managing by Harry Geneen. Read This Article for more information.

 

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

Richard Liu Qiangdong Discloses How He Built His E-Commerce Retailer

 

Richard Liu Qiangdong is the intellect behind JD.com, an e-commerce giant which serves China, Vietnam, Thailand, and other parts of the world. The e-commerce boasts of a large selection of consumer goods ranging from high-end apparel to fresh foodstuffs.

Jingdong started as a small shop based in Beijing. It sold computer parts. Within five years, Richard Liu Qiangdong extended the shop’s boundaries to 12 different locations. According to his interview with the World Economic Forum, Mr. Liu said that he worked hard to raise funds for his ailing grandma’s medical bills.

Richard Liu Qiangdong decided to convert his brick and mortar stores to an e-commerce store in 2004 when the SARS outbreak hit China. During that period, people were advised to remain indoors, as a way to avoid the deadly respiratory disease.

Mr. Richard Liu Qiangdong shifted from selling computer parts to selling almost all sorts of consumer goods. The online store supplied electronics, furnishings, groceries, foodstuffs, furniture, and clothing. Unlike his rivals, Qiangdong made sure that his store provided quality products.

Besides supplying quality goods, JD.com invested heavily in logistics to let its customers receive their merchandise within the shortest time possible. Richard Liu acknowledged that the quick logistics was one of the schemes that navigated his e-commerce to the industry’s top position. See Related Link for more information.

Today, JD.com has grown to be one of the most successful e-commerce in Asia. It has a valuation of $67 billion. It employs over 162,000 people, and it is on the verge of extending its boundaries to the global market.

Richard Liu also disclosed that JD.com intends to partner with more European retailers as part of the initial steps towards its European expansion. By doing so, Jingdong will allow leading brands to access the Chinese market through its online platform. On the other hand, JD will also promote leading Chinese brands in the European markets through its online platform.

During the World Economic Forum interview entitled “An Insight, An Idea”, Richard Liu Qiangdong disclosed that his e-commerce had started partnering with foreign brands as a plan to woo international customers. “Our e-commerce store is eying the United States and Europe markets in its first phase of expanding into the global market,” added Richard Liu.

 

Visit: https://www.evergreendentalcarenh.com/

Vinod Gupta’s Success In Entrepreneurship

 

Vinod Gupta is a successful entrepreneur who serves as the CEO of Everest Group, in Nebraska. He has a vast experience in business, investment, and entrepreneurship. Everest Group is a firm that specializes in buying distressed assets, helping investors and young entrepreneurs grow by giving them financial advice, and investing in startups. Everest group has been a force behind companies like Netflix, ServiceNow, yahoo, ServiceNow, iRobot and Facebook among many others.

 

To succeed, Vin Gupta believes that one has to be careful about what they invest in and weigh in on the risks before venturing into a business. Investors and individuals who wish to run successful companies need to analyze the costs of running the business versus the benefits it brings. Even with the challenges and negative commentary the CEO received when he was coming up with the databases, Vin Gupta trusted his gut and believed that he would get a market for his end product. He believed in himself until his product was purchased.

 

Vinod Gupta takes advantage of the advancement in technology to run his business. Artificial Intelligence is one of the many trends that interest Everest Group CEO. With the growth and expansion of AI, Vinod Gupta hopes that when using his database, the decision-making process will be automated and swift. AI will help the company expand markets especially for those with location-based applications. The CEO is a long-term planner. He strategizes and thinks about the future of the company during his day to day activities.

 

Looking at long-term goals helps Vin achieve the vision he had set for the company. Being in the industry is not a walk in the park. Vinod Gupta advises anyone who is starting to check on how they spend their funding and pay attention to potential risks.

 

His dream is to see everyone succeed in the end. The good work he does has been applauded by high profiled individuals including former president Bill Clinton. Vin Gupta is also a philanthropist. He knows the struggles of coming from a humble background, and that is why he spends some of his free time donating to charities and uplifting the youth. Read This Article for more information.

 

Source Article: http://blogwebpedia.com/good-investments-vinod-gupta-proves-sustainable-strategies-are-working.html#.WzviPi2ZM_U

There Is No Glass-Ceiling for DAMAC Employees, Says DAMAC Owner, Hussain Sajwani

Today, most professionals will turn down a job, or even call it quits, if they do not experience both professional and personal growth, because of limitations designed by the employer. It, therefore, takes a progressive and well-wishing employer like Hussain Sajwani, to install a pro-employee model that encourages employee development. And that’s the structure that the DAMAC owner has employed in his company, DAMAC Properties.

The multi-national real estate company employs more than 2,000 employees, drawn from all the continents of the globe. This is music to Hussain Sajwani, who believes in diversity and giving everyone an equal shot to success and opportunities. According to the DAMAC owner, every person who works for DAMAC Properties has a fair chance to share any innovative ideas and is assured to benefit from the proceeds of the concept and also receive acknowledgment. DAMAC Properties, which is publicly traded in Dubai Financial Market, has constructed close to 20,000 homes and more than 44,000 units.

Hussain Sajwani subscribes to the philosophy of working as a team and bouncing around ideas before settling on a strategy or decision. The DAMAC owner says that this kind of open administration where policies are not forced down the throats of employees, allow workers to be more creative and innovative. His liberal approach has rewarded him, and most people around the world see his company as the ideal working destination. Additionally, the company has benefited from ingenious ideas that have been put forward by employees. Given that DAMAC has employees from more than 77 nationalities, the blending of ideas gives birth to the most straight-forward and accommodative policies.

More about Hussain Sajwani

Other than DAMAC Properties, Sajwani has a business interest in Oman’s Al Amana Building Materials. The Oman-based company is associated with international-renowned brands such as Done Bracht, Grohe, and Villeroy & Boch. Hussain Sajwani who is an Economics graduate from the University of Washington is also associated with Al Jazeera Services. Before founding DAMAC, Sajwani worked for GASCO as a contracts manager for two years before starting his catering business. GASCO is a branch company of Abu Dhabi National Oil Company (ADNOC).

See this article: http://www.alkhaleej.ae/economics/page/fe8c106f-a20f-4223-9ff9-0cf88df61a45