Category: CEO


Richard Liu, The Man Behind The Success Of JD.Com


 

Richard Liu is the will behind JD.Com the leading e-commerce firm in China. Read on to get the insight story behind the business and its founder and president.

 

Biography

 

Richard Liu also called Liu Qiangdong was born and raised from a middle-class family in China. The only boy among the three children born to his parent went to the typical school. He later went to Renmin University in China with a degree in sociology. He spent most of his leisure time sharpening the computer programming skills as a freelance coding worker.

He is married to his best, and first girlfriend and the couple has two children, the last-born girl is about two by now. Despite his success, Liu Qiangdong is still obedient to his parents and a loving and responsible husband and father to his family. His two sisters are also very successful. One of them taught him language, and the other one is studying abroad. Go Here for more information.

 

 The genesis and development of JD.Com

 

Liu began doing business while he was still in college, he recounts that the first restaurant was established owing to the financial demand at home. His grandmother was very sick and needed money for medication.

The sad news is that the business later failed because Liu Qiangdong had no time to run the restaurant. He was very busy with his studies in the third year of college. Richard Liu later ventured in the sale of computer accessories and had mannage4df to open up to 12 stalls before the SARS hit the entire region.

To avert the adverse effects of the SARS, he operated the business from his office. He was later advised by the then manager, now a billionaire to start an online store. Liu heeded to the advice and started the business in 2004 by combining his first name and his wife’s last name to come up with JD.com.

The online sales were higher, and the cost was meager compared to the offline transactions. JD.Com, therefore, started severe online operations. It is currently the leading online mall in China that deals with genuine consumer goods and electronics. Currently, the business is thriving and has branches and partners in other parts of the world especially in the Asian countries.

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.

 

Additional reference: http://corporate.jd.com/richard-liu-jd-ceo-about

 

 

 

How the Decision To Change The Business Model Made Richard Liu Qiangdong A Successful Entrepreneur


 

Richard Liu Qiangdong transformed a four square meter shop into a $60 billion dollar online retail business. He is now the CEO of this company JD.com which initially began under the brick can mortar model but changed to electronic commerce in 2003. He studied sociology in college and he has also completed an EMBA. Richard Liu Qiangdong even explored the entrepreneurship world as a young man at the university but he could not manage to run the restaurant successfully because he had limited time to spare from class work.

 

He had different dreams from other young people because as they were chasing government jobs, Richard Liu knew he wanted to be a businessman. Going abroad in this time was too costly for his parents to afford. Therefore, after college, he was employed for two years in the IT department of a company dealing in health products. In 1998, Richard Liu used his savings to open a computer accessories outlet. He planned to use the proceeds of his business to afford proper care for his sickly grandmother.

 

The business picked and Liu began expanding to neighboring areas, and by 2003, he was managing 12 outlets and had employed a significant number of employees. The pandemic of SARS in 2003 affected the normal business operations because people had to avoid contracting the virus. Customers stayed in their houses and the existing model of the businesses has no way of resolving this problem of declining sales.

 

In this time, there were online businesses in China, therefore, one of Richard Liu Qiangdong’s managers suggested they could try running it as an online shop to reach the customers. It was a promising venture and therefore he started JD.com slowly, and up to the end of 2004, they were operating on and off. Richard Liu did an analysis of the two models and realized that online platform offered him more benefits that the physical stores in terms of customer satisfaction, costs, and efficiency. Go Here for more information.

 

When the online business was in its early stages, Richard Liu Qiangdong stocked IT products, digital items, and phones, and each year, more products were added. He believes that the business shall continue growing and is hoping to make JD.com the most valuable company in China.

 

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.

 

More about Richard Liu on https://jdcorporateblog.com/about-richard-liu-jd-com-founder/

Richard Liu Qiangdong’s Stance On Wealth


 

With more than 167,000 employees and 500 logistics centers throughout the country, JD.com is unquestionably China’s largest e-commerce retailer. Launched in 2004 by the Founder, Chairman, and Chief Executive Officer, Richard Liu Qiangdong, JD.com is estimated to be valued at $60 billion, delivering products throughout the whole of China, as well as all major first-world countries, including the United Kingdom and the United States.

 

Launched in 2004, the name JD.com, or Jingdong, derives from the combination of Richard Liu’s last name and the last name of a former girlfriend. Before becoming one of China’s foremost entrepreneurs, Richard Liu Qiangdong attended the Renmin University of China, and later, the China Europe International School of Business, earning degrees in sociology. After college, Liu Qiangdong worked for the health company, Japan Life, but eventually decided to launch his own company, doing so in 1998.

 

Unlike several of Richard Liu Qiangdong’s previous ventures, his electronics company was an immediate success, and he quickly grew the operations into a twelve-location business. 2003 proved to be a groundbreaking year for Richard Liu, as the SARS epidemic swept through the country, limiting the ability for personal interaction. This could have been a tremendous damper on his brick-and-mortar retail company, but, heeding the suggestion of a former manager, Liu Qiangdong decided to take his company online. After a thorough evaluation of the figures, he quickly realized that his e-commerce business would outperform his traditional brick-and-mortar locations, and by 2005, Jingdong was solely an online entity.

 

As China’s largest e-commerce retailer, JD.com competes directly with other retail juggernauts such as Wal-Mart, Amazon, and Tencent, yet, Richard Liu Qiangdong still views himself as his stiffest competition. With plans of expanding, JD.com has thrived in regards to its efficiency and consistency, with an average delivery time of six hours from the time of order placement. See This Page for related information.

 

Today, Richard Liu’s net worth is valued at around $11 billion, yet, despite the considerable change in his economic status, he doesn’t consider it to be a hindrance or an asset, instead, viewing wealth as a responsibility to improve society as a whole.

 

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

Behind The Success Of Richard Liu Qiangdong


 

Richard Liu is the CEO and founder of JD.com, one of the largest e-commerce platforms in China. The current worth of the company is $57.6 billion. While a student in 1994, he opened a restaurant close to the campus although his area of specialization was sociology. He used to study computer programming part-time which enabled him to earn money as a freelancer. He did not take a management role in the restaurant because of lack of experience. The restaurant went bankrupt because the staff embezzled money leaving him in debt and disheartened. Go To This Page for related information.

 

After graduating from the University of Renmin in Beijing, Richard Liu set aside his dream of becoming an entrepreneur and went to work at a health products company in Japan. While working there, he came to understand that the failure of his restaurant was as a result of the lack of established management structures. After some time, he resigned from selling health products and began selling computer accessories as his own retail business. After achieving some scale, SARS epidemic hit the business leading to its failure.

 

In 2004, Liu Qiangdong decided to switch the operations of his business from physical stores to selling products online. This led to the formation of JD.com in 2004. By the end of 2005, Richard Liu had closed down all his stores to focus only on e-commerce. He, therefore, began selling the electronic parts alongside quality consumer goods.

 

In an interview with Richard Liu entitled “An Insight, An Idea”, he talked about how he grew up poor to riches. He claimed that he was motivated by the need to buy his grandmother medicine which made him to focus on entrepreneurship JD.com. He added that he wants the JD.com to go its own way by beating the competition and becoming unique from others. The company has acquired some ownership in Tencent, a second largest business-to-consumer platform in the mainland. This will enable JD.com to compete against Alibaba in terms of e-commerce effectively.

 

During the interview, Richard Liu also claimed that focus is the most fundamental things that make a business successful. For him, e-business was everything, which made him put all his attention and energy on it.

 

See also: https://www.wealthx.com/dossier/qiangdong-liu/

 

Lois Chenevert Provides Useful Tips for Investing in Manpower


Earning global recognition in the business world is a fete that only a handful of the world’s population can achieve. Among these ranks is Louis Chenevert, a Canadian businessman, and entrepreneur.

 

He assumed the presidency and the Chief Executive Officer’s office in April 2008, two years before he was elected the chair of the company’s board. Before that, he served as the Chief Operations Officer and the Director of the tech firm since 2006. Between 1999-2006, he was President of Pratt & Whitney. Additionally, he was the General Manager of the production unit in General Motors, St. Therese branch for virtually 15 years.

 

He holds various seats in Executive Committees including the chairmanship of the tax and finance committee. He is also a member of the Business Council and the US-India CEO forum. He chairs the Yale’s Cancer Center’s Advisory Board and has membership in Cargill’s Board of Directors as well as Congressional Medal of Honor Foundation.

 

As a bigwig businessman, Chenevert offers investment insights and tips to help young entrepreneurs to make better investment choices. Below, he provides effective tips of investing in your staffs.

 

Work-Friendly Environment

One way to ensure employees operate optimally is by making the workplace an area staffs will enjoy spending time in. You don’t want a place for clock-watchers, because such situations brew drama and conflicts among employees. Create a unique, fun commonplace instead of the traditional break room with a few lunch tables. Find a ping-pong table or an arcade to spice up things in the workplace.

 

Offer Rewards to Hard Workers

While some employees may shrug a shoulder to an “Employee of the Week” award, this move will evoke a feeling of appreciation and belonging among the staffs that receive the awards for their outstanding efforts. Alternatively, you can offer gift cards or vouchers as a token of appreciation.

 

Team Building

There’s more to team building than just bringing together employees to work toward an objective. Try partnering with charitable organizations and compel your staffs to volunteer in simple tasks creates warm relationships among employees. Such circumstances make them ignore their differences and come together for a greater good.

 

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce


Doe Deere: Creating her American Dream


Doe Deere’s journey begins across the world in the country of Russia where she was born and lived throughout her adolescent years. There, she would watch American movies, listen to American music and wonder at the English language, hoping one day she too could have a slice of the pie that is the American dream. Doe would have that change at the age of 17 when her mother decided to take her sister and her to begin a new life in New York City. Quickly her thoughts went to the quote she had heard so often in movies, If you can make it here, you can make it anywhere”, and Doe Deere was determined to make it.

Unfortunate events, however, led to her family to homelessness within here first few years in New Yor. Her mother, an accountant in Russia, had not seen success in transferring her credentials, therefore she was forced to take on low paying jobs such as house cleaner. Shen attempted to help out by taking small jobs or walking dogs, however, the overbearingness of bills became too much. Doe and her family would end up at a Manhattan homeless shelter where she shared one room with no kitchen and had to wait in church lines every day to have something to eat. It was not until social worker and advocate for struggling immigrant families Dorchen Leidholdt stepped in to bring relief to the family. With Leidholdt’s help, her mother would finally find an accounting career and her sister would obtain a scholarship to attend Columbia University. Leidholdt, after seeing Doe’s sketches recognized her talent and guided her to study at the Fashion Institute of Technology. Lastly, Deere reminds us that not all American families start off as Americans and that sometimes, those with the hardest struggles might be the ones to contribute one day to the greatness of America.

 

https://www.instagram.com/doedeere/?hl=en

https://www.reddit.com/r/BeautyGuruChatter/comments/8aiwi5/doe_deere_is_expecting_her_first_child_a_girl/

 


Robert Deignan- Successful entrepreneur and CEO of ATS Digital Services


Robert Deignan is the co-founder of ATS Digital Services, a one-stop facility for tech solutions. It is one of the companies that has been around for the past one decade. Through this company, users of new technologies are getting a reprieve since this is a company they can call any time and they will be given the necessary support. Through the service offered by this company, there is hope that consumers will no longer have to worry about a company they can call when they encounter tech problems. ATS Digital is a call away, and it will offer any service you need. What makes this company unique is that it have almost every kind of support you might need.

Robert Deignan created this company with a great plan. He knew everything that he wanted to accomplish, and he created a team of employees who would work with him and deliver the mission he had. Today, if you call ATS Digital services, you will be served by a team of dedicated experts and who will not give up until your issue is resolved. By working with ATS Digital Services, you will get experts who can offer remote services and even physical installation services. Depending on the nature of your issues, they will be happy to help.

Robert Deignan has now been in the tech industry for about 20 years. In this period, he has identified the most basic needs of the tech user. He is now doing everything possible to come up with a solution that can make a difference in this industry. This industry is no longer the way it was five years ago; it keeps on changing. Anyone who is careful to look can spot the difference. Every year, something new is being created. Technology is evolving faster than many people can adapt. In such cases, what we can do is sit pretty and allow tech experts like Robert Deignan come up with solutions that can address our needs. ATS Digital Services is one of the companies that has shown the readiness to become great through proviso of superior products and services.

 

http://alivenewspaper.com/2018/05/6-home-gadgets-insights-robert-deignan/


Vinod Gupta- Supporting Education In India


 

Vinod Gupta has done so well in ensuring that there are sufficient education facilities in India. As someone who relates all his success to the education he received when growing up, he is ready to assist as many people as possible to go through the same process. Vinod Gupta was born from a humble family, but through support and his hard work, he managed to conquer poverty, he studied at the Indian Institutes of technology and later at the University of Nebraska.

 

He performed so well in school, and that is how he managed to become one of the successful people we have today. Through the education, he learned how to manage a business, and today he is a multi-millionaire. He is the founder of the InfoGroup which he sold in 2010 for $680 million, although he had started it with only $100 that was borrowed from a bank.

 

Vinod Gupta has done so well in the years he has been in business. He is currently running a company known as Everest Group, a venture capital firm that mainly invests in underperforming assets and database technology startups. Gupta has an enormous wealth of information about the opportunities that have been in the business sector for the past four decades. Gupta is using the knowledge he has acquired to change the lives of people who would love to live a better life by building successful businesses.

 

Vinod Gupta is also shares his Business Advice on how to manage a business successfully. He advises entrepreneurs to be careful with the way they treat the employees. Employees need to feel that they are part of the company so that they can work hard and help the company to realize its goals. He adds that business owners need to make sure that they are rewarding employees well and making them feel like part of the ownership of the company. See This Article to learn more.

 

More about Gupta on https://ideamensch.com/vinod-gupta/

 

 

 

JD.Com Becomes A Mega Company Under The Steward Leadership Of Richard Liu Qiangdong


 

China has been one of the economies in the world that have been driven by innovation and creativity to flourish. This has been as a result of the high population that the country possesses, which necessitates the need for the young people to become innovative so that they can survive in the economy where the level of employment is quite low.

 

Innovators such as Richard Liu Qiangdong have been at the forefront of innovation that has transformed the country to become the leading economy in the world. Richard Liu Qiangdong finished his college where he graduated with a bachelor’s degree in sociology. Liu’s dream and vision in life were to become one of the most prominent politicians so that he could contribute to the central politics of the country.

 

However, things never went as he had anticipated because after leaving school, no employment opportunity came his way. He tarmacked for several months until he decided that he would try something different as he waited for any employment opportunity that would come his way. Richard Liu Qiangdong established a restaurant in Beijing, where he expected to get his daily bread and also some income to cater to his needs. He had acquired a girlfriend and so he also had some pressure to sustain the needs of his fiancé.

 

The business, however, never performed according to his expectations. It made some losses, and so he had to shut it down and look for something more viable to do to earn a living. This was when he founded the JingDong, a company that specialized in the sales and distribution of computer accessories and other technology gadgets that existed in the market. The company went well for Richard Liu Qiangdong until in the year 2003 when SARS out broke in the country. Go Here to learn more.

 

The government of China warned its citizens against making movements in and out of town to prevent the spread of the epidemic. This implied that the customers of Richard Liu Qiangdong’s business could not access the products and services. After the end of the outbreak, Richard Liu Qiangdong transformed JingDong into an online store and also changed its name to become JD.Com.

 

Visit: https://www.crunchbase.com/person/richard-liu-e9b4

 

Gregory Aziz: Helping National Steel Car Live Up To Its Full Potential


 

National Steel Car began life in 1912 as a freight car supply company. They expanded their operations to include engineering and design concepts for those structures. During the period of its initial creation, the industry was at the height of its popularity. Trains had become a major part of the then modern infrastructure. The concept of shipping had also grown in popularity at this time. The years leading up to 1912 are full of businesses looking to get their cut of the new shipping method that had become available. With an influx of new manufacturers, it meant that National Steel Car needed to be as competitive as possible.

 

The depression hit National Steel Car just as hard as it hit anyone else. Prices were down, and famine was imminent. People were simply not interested in purchasing new rolling stock for their rail lines. To survive National Steel Car needed to diversify their portfolio of products. The owners quickly shifted the focus of the manufacturing business to include outboard motors, metal bus bodies, and even trucks. It was an unconventional method of survival, but it worked. National Steel Car found a way to survive during a time when surrounding businesses were crashing. The business remained strong until it was sold to the Dofasco company in the 1960s.

 

Dofasco did not understand the commitment that they were putting into the purchase of National Steel Car. By 1994 they did not have the control over the company that they needed in order to make it profitable. Gregory James Aziz stepped in with a solution. He would purchase the company and act as a CEO. Gregory Aziz had a comprehensive plan that would pull the small-company from the gutter. Aziz’s talent and vigor would prove to be essential for the revival of National Steel Car. The purchase went through without a hitch and Greg Aziz was off to the races. Read This Article to learn more.

 

The enormous success that Gregory Aziz had with National Steel Car is apparent today. The company is regarded as a massive producer of quality freight cars. On the global stage, they are known as one of the best. Nationally, National Steel Car has become the company that Greg James Aziz always knew they could be. The history of National Steel Car may be long, but it turns out that until businessman Gregory James Aziz took over the company it had truly lived up to its full potential.

 

More about Aziz on https://remote.com/greg-aziz



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