Richard Liu Qiangdong Interview Recap

Richard Liu Qiangdong is an entrepreneur whose business acumen has seen him become the founder of world-renowned company JD.com. Liu’s success rate has earned him respect across the world, and his understanding of the online business model makes JD.com, previously known as Jingdong, a success.

In his interview, he states that he always wanted to be a business owner and when an opportunity arose, he ensured that he implemented his ideas strategically to create the business. It is not to say that his journey has been easy; having lost money in a restaurant business, Liu Qiangdong highlights the lessons he learned from this failure.

Richard Liu Qiangdong identified this loophole, and it was evident the lack of economies of scale resulted in low profits and high costs. He thus entered into e-commerce at the early stages where people still understood the internet phenomena. It has over the years given his business an upper hand as more competitors join the online retail space.

The interview makes it clear that strategic management lies at the core of the business and Richard Liu Qiangdong encourages other entrepreneurs to adapt to the same. His business model runs on efficiency and integrity evidenced by the short delivery period of products at JD.com. He further encourages that businesses learn customer service and ensures that costs are low to earn more profits while delivering quality products.

In his interview, Richard Liu Qiangdong discloses his personal life stating that he has a family which acts as a source of motivation. Trust in his opinion is built by delivery of products which exceed customer expectations and hence counterfeiting is not a right approach. It is because it limits the expansion prospects as consumers lose trust in the brand. See This Page for related information.

In a world where competition is on the rise, Richard Liu Qiangdong discloses that he can maintain his company as a leader through various strategies. It includes having variety at low prices to reach out to varying tastes and preferences. It is supported by his business model which ensures that stock is not stored for long time frames. Richard Liu Qiangdong depicts the importance of hard work and integrity in running a business.

 

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Richard Liu Interview

 

Richard Liu was recently interviewed at the World Economic Forum Annual Meeting in Dallas. He is the founder of JD. Com. JD.com is the largest online retailer in China, serving more than 20 million people. Davos Kloster interviewed Richard Liu to get his perspective on e-commerce.

Liu’s parents owned a transport business in China but were poor. Liu decided at a young that he wanted to be an entrepreneur. He graduated with a degree in sociology but did not pursue a career in that field. He realized that he could not make much money from sociology and enrolled for a programming course. After getting a programming certificate, Liu Qiangdong worked at Japan Life for two years. Good work earned him promotions. He was chosen the director of business and computers at the company.

He opened a restaurant from earnings from computer programming. However, the business failed to pick up because Richard Liu only dedicated two hours to the business. At the time he was under pressure to raise money for medical treatment of his sick grandmother. In 1998, Richard Liu rented a four square meter store to sell magneto products. His products were called Jingdong. Liu Qiangdong later expanded to twelve stores when the business picked up in 2003. However, the SARS outbreak affected the business because he could not meet face-face with clients. He closed all the stores and opened an online platform. He doubtful about its success but decided to try. Qiangdong diversified products to attract more customers. JD.com is the largest online retailer in China, delivering goods within hours.

Richard Liu wants to be remembered as a good person and a good son. He cherishes the time he has spent at the company and wanted people to learn from his mistakes. Liu likes spending time with his family during his free time. He also counsels young people about starting and managing businesses. Richard Liu, a company, cannot attain success without appreciating its employees. Developing a good relationship with employees creates a friendly environment for workers. He wants to be remembered as a good employer. He encourages other entrepreneurs to work hard and be smart. View Additional Info Here.

 

View source article: https://jdcorporateblog.com/about-liu-qiangdong/

Richard Liu Qiangdong Determined To Make Jingdong The Best E-commerce Company In The World

In the last few years, the e-commerce industry has taken up in a big way, and just about every sector is trying to grab the opportunity that the internet has to offer. China has one of the largest e-commerce markets in the world and one of the e-commerce giants that have been dominating the Chinese market for over a decade is JD.com.

 

The company started off as a physical retail operation but had to switch to the online retail business after it suffered financially during the SARS outbreak. The reason the company has been able to come out of the struggle it went through initially and is on the top today is due to the visionary leadership provided by its founder and chairman, Richard Liu Qiangdong.

 

He comes from a humble background and dreamt of getting rich one day. Richard Liu was very passionate about business and entrepreneurship from the very beginning and wanted to achieve something big always. Richard Liu Qiangdong knew that education is important to climb the ladder of success, so he completed his graduation from the Renmin University and went for post-graduation from the China Europe International Business School.

 

Richard Liu Qiangdong knew that to keep growing and branch out, collaboration with other leading business giants is necessary. It is for this reason he sold a stake from his company to major corporations like Tencent and Walmart. It helped boost the growth of JD and also ensured that it is able to branch out internationally with ease.

 

Liu is determined to take over its competitors within the next five years. Liu is dedicated to invest in technology and to improve their efficiency. He was so sure of his company to succeed that he had invested in a huge land back when he started the company because he knew that his company would need that amount of space in the near future. Since people today do not have the time and the patience to go to retail stores, online shopping is changing the way people shop not just for clothes, shoes, tech products, but even household products. Richard Liu Qiangdong wants to take advantage of this shift. Click Here to learn more.

 

More about Richard Liu Qiangdong on https://www.bloomberg.com/billionaires/profiles/qiangdong-liu/

The Successful Vinod Gupta Shares His Secrets For Success

 

Those looking for good advice and inspiration need look no further than the self-made multi-millionaire philanthropist Vinod “Vin” Gupta. He 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.

Vin Gupta has said that he had every excuse not to become a success, growing up in a poor village in India. He recommends that people take chances as playing it safe is not likely to allow you to reap major rewards or meet your goals.

His experience biting off more than he could chew also prompts him to advise others to do the same. He has said “Once in a while it’s okay to realize you need to slow down a bit, but sometimes when your plate is full the best thing you can do is suck it up and add a little more to it.” Vin also notes that often people forget how strong and capable they are. This is very important advice for nearly every aspect of life and should be remembered.

Another important piece of advice that Vin offers is that you must continually redefine success even after you have reached what you believe is the pinnacle. If you listen to this advice you will quickly understand that Vin Gupta is right.

Many of the people we consider to be successful have smashed one expectation after another by redefining what they consider to be success and they do not rest on their laurels once they have reached what even they may call the top. They create a new goal and set their mind on reaching that as well. Go To This Page for related information.

In addition to these important things to remember on your journey to success, Vin Gupta recommends that you give generously to others, helping those who need it as you can change the course of their lives or even the world. Never forgetting your family and loved ones is also important. Vin says that they are the true successes in your life, more important that any monetary gains or accomplishments you make.

 

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

Richard Liu Qiangdong And His Journey That Gave Birth To JD.Com

 

A mention of JD.com and the man that comes to mind is one Richard Liu Qiangdong.

Liu Qiangdong is one of China’s most prominent and wealthiest businessmen. Richard Liu’s business life is characterized by simple steps of seizing opportunities and making the opportunities profitable. This mantra is what has made JD.com a successful online business in China, ranked third in China’s online business space.

Richard Liu Qiangdong’s first business venture was a hotel he operated while he still attended university at Renmin University. Using the lessons he learned from his parent’s canoe business, Richard ensured that the hotel venture remained operational. Sadly, the company suffered and was shut down because he had to juggle school and work. After university, Richard Liu decided to take on a different path, not seek employment but start his venture. He opened his computer selling business in 2004, and the Jingdong brand grew to a 12-outlet operation. Go Here for more information.

The SARS pandemic caused significant concerns around the world, and Jingdong operations suffered during this time. The management agreed that they had to close up the physical stores until the SARS issue was addressed. During this time, Jingdong’s management was considering opening an online as a response to the hit the business had taken. This decision, two years later, would birth JD.com and the success that it now enjoys today.

JD.com has a market valuation of $60 Billion with the value expected to go up further with the expansion plans the company has in mind. The brand is looking to expand to Asia, Europe and the United States of America in the coming years. It offers various products key among them technology equipment, household appliances among others.

Despite his growing success, Richard Liu has not forgotten the importance of family. He is a loving husband and an admiration to his two kids. In his own words, the name Jingdong was a product of a section from his wife’s name, Jing and Dong, from his last name. This indeed shows where his family lies in his life.

Richard Liu Qiangdong is a business leader whose life offers much insight into what one can do to be successful. He remains a role model for many in the business scene.

 

Source: https://www.crunchbase.com/person/qiangdong-liu

Randal Nardone: Linguist, Lawyer, Business Executive

Randal Nardone attended the University of Connecticut where he graduated with a degree in English and Biology. Following this, he attended the Boston University Law School where he earned his Juris Doctor degree. After graduating Law School, Randal joined Thacher Proffitt & Wood as a partner and would later on join the executive committee.

After a few years in Law, Randal shifted his focus to financial services and this decision prompted him to join Blackrock Financial Management. Randal Nardone served the company as a Principal until 1997 following which he became an MD at UBS. In 1998, Randal Nardone and Wes Edens co-founded Fortress Investment Group and in 2013, he was appointed group CEO.

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In his time at Fortress, Mr Nardone has started the Fortress Investment Fund IV and V alongside starting the Fortress Registered Investment Trust where he was the VP and COO.

In December 2017, Fortress Group was acquired by SoftBank Corp for a little over $3.3 billion dollars. The acquisition was not intentional to control Fortress Group because the company retained its ability to function independently and continue to invest in the transport sector as they had been doing.

During this acquisition, Randal was optimistic that this partnership with SoftBank was the best move for the company, at the time. The company would grow at a fast rate in the coming years and they would be in a position to access better credit. The stocks at Fortress Investment Group were bought for approximately $8 per share yet, they had been trading at only $5, so this was an overall win for Randal Nardone and his company.

Aside from working at Fortress, Randal Nardone is also the President and Chairman of Springleaf Financial Holdings. He is VP of Newcastle Investment Holdings and as of 2008, he is also the Director of Florida East Coast Holdings Corporation.

Currently, Fortress is valued at almost $70 billion in assets, 50% of it being fixed income. According to Forbes, Randal ranks at number 557 and has a net value of $1.8 billion.

Read more on https://discoverorg.com/directory/person/randal-nardone/5552352

Vinod Gupta Is Providing Valuable Business Insight To Budding Entrepreneurs

 

It’s hard to find a more humbling story than Vinod Gupta’s, a man that was born in India during the 1940’s without any kind of quality of life. Despite this difficulty, Vinod was a determined individual and found his way into college and over to the United States to follow his dreams. Vinod went to the University of Nebraska and after graduation, he found a position at Commodore Corp as an analyst.

 

By 1972, Vinod Gupta managed to start up his own company which was known as Business Research Services. This company operated by creating lists for a variety of different companies throughout the region based on their desired criteria. This most commonly consisted of compiling lists of service providers in different industries. By 1994, Vinod’s company had an annual revenue of more than 70 million dollars. What’s even more impressive about this accomplishment is that Vinod started off his business with a tiny 100 dollar loan from the bank.

 

After 1994, Vinod’s company was able to become a public company and was rebranded as InfoUSA. As the company continued to expand throughout the US and Canada, it became one of the leading companies in their market and was highly trusted for their accurate information. Read This Article for additional information.

 

In 2010, Vinod was able to sell off his company after more than 40 years of growing. With only a 100 dollar investment, Vinod was able to sell off his company for a 680 million dollar profit.

 

Vinod Gupta has remained humble throughout his entire career and he regularly donates to worthwhile causes. A good example is his first college, I.I.T Kharagpur, which received a 2 million dollar donation from Gupta to help improve their programs for students around the country. Over the years, Vinod has donated more than 50 million dollars to education programs throughout India, especially Women’s Education.

 

Visit Gupta on https://www.crunchbase.com/person/vinod-gupta-1a55

How To Be An Agent Of Change Around The World Like Vinod Gupta

 

As the founder of a multi-million dollar company and a partner of several educational philanthropic groups, Vinod Vinod Gupta became quite respected and loved in various communities. What he did with his company, InfoUSA was not just change how marketing research and lead building was done, but he also made it a place where less fortunate individuals could get jobs and have a chance to launch their careers. Much of Gupta’s own salary was given to starting schools and scholarships for college students, and he sought to bring business leadership and entrepreneurial ideas back to where he grew up in India.

Vinod Gupta knew quite well what it was like to not have much when he grew up in a small village with no power, running water or any modern conveniences. But Vinod Gupta made the most of every opportunity he was given to do well in work and education from graduating high school, to attending the Indian Institute of Technology and later grad school at the University of Nebraska. The first time he really found his entrepreneur side was when he was working for a mobile home manufacturer in Omaha, and his job was to find sales clients through business contact lists. But Gupta realized the lists available were out of date, so he decided to compile his own lists through yellow page phone books. See Related Link for additional information.

Vinod Gupta built a large list of national mobile home dealers, and when the mobile home manufacturer company decided not to buy it, they allowed him to sell it to their competitors. He soon realized he could build his own company that would specialize in this kind of information gathering and database building, and with the help of some of his co-workers, he did just that. He then founded the Business Research Services and American Business Lists (ABI), which helped businesses obtain information on prospective clients.

Gupta’s company was basically started with just $100 in mailers, but then grew into a whole office operation and bought several other data research companies. After more than 40 years of running it, Vinod Gupta sold it, but he still invests in tech startup companies today and has also been an advisor to former President Bill Clinton and his administration.

 

More about Gupta on http://vinodguptainvestments.com

 

National Steel Car

National Steel Car was founded in 1912 by many venture capitalists and leading them was Sir John Morison Gibson. The new plant located in Hamilton, Ontario, overseen by the general manager of National Steel Car Company Limited, Basil Magor. Expectations completely exceeded all of the investors.

The timing was perfect, and National Steel made business relationships with Canadian Pacific Railway and Canadian Northern Railway. Donald Symington and Robert Magor bought the company and renamed it National Steel Car Corporation Limited. Business only grew until the 1930’s when the Great Depression hit. National Steel Car fell behind similar companies. To stay afloat, the company started manufacturing motor boats, trucks and the bodies of buses. During World War II, the company rebound. They export to the United States and even more so later in the companies’ lifespan.

Dofasco bought National Steel Car in 1962, but in 1990, they gave up the majority of control since the company was deteriorating. Greg Aziz owns National Industries Inc., and in 1994 he bought what remained of National Steel Car. In less than a decade, Greg Aziz moved the company forward bringing in an extra 2,500 jobs and pumped production by thousands every year. Currently, National Steel Car creates locomotives and different types of cars for railroads in Canada and the United States.

As for the man who managed not only to save National Steel but raise it from the ashes, Gregory James Aziz is the CEO and the president of National Steel Car. They are one of the frontrunners in railroad manufacturing and industrial trade. Aziz was born in 1949 in London, Ontario and went to the University of Western Ontario majoring in economics.

James Aziz had several opportunities to work in New York during the late 1980’s in investment banking. In the early 1990’s, he united the bid to get National Steel from Dofasco, so he could make National Steel into the leading producer of railroad cars in North America. The entire company grew, including employees and all of the assembly lines.

Annually, National Steel is the proud winner of technological innovation simultaneously fabricating thousands upon thousands of new railroad equipment. All due in part to the tireless efforts of superiority in commerce and production. National Steel Car continues to keep the accolade of the only railroad production company in North America that holds certified ISO 9001:2008 which it is quality certified. National Steel has held the honor for nearly two decades. Go To This Page for additional information.

Additional Reference: https://medium.com/@gregoryaziz

 

Vinod Gupta Supports Education Of Many In India And America

 

Vinod Gupta is a prominent businessman from India. He is the Managing General Partner at Everest Group and the former owner of InfoUSA. He holds a degree in Agricultural Engineering from the University of Nebraska Lincoln. Before heading to the United States, he was at the Indian Institute of Technology where he earned his bachelor’s degree. After being successful in the United States, he did not forget his alma mater. He has made sure that the university has benefited from the opportunity it gave him many decades ago. Vinod Gupta has donated $2 million which have gone to the creation of Vinod Gupta School of Management.

 

Today, Vinod Gupta School of Management is the best business school in India and the whole of Asian–Pacific. The school was established in 1993 and offers MBA option as well as other options for the working students. The school has a massive library that has essential resources for students pursuing advanced level education. The library is the biggest in India. The school also has boarding facilities to facilitate accommodation for students traveling from far distances.

 

In 2006, Vinod Gupta established the Rajiv Gandhi School of Intellectual Property Law. This school was set up in collaboration with the George Washington University in the United States. A prominent institution when it comes to law education. The school becomes the first to specialize in Intellectual Property Law. The school is also established under the umbrella of IIT and therefore incorporates technology and law. Through the partnership with the George Washington University, the school enjoys best course planning and interactions between students of both universities. Read This Article to learn more.

 

Another school that has not been forgotten in the push to create better opportunities for students is the University of Nebraska at Lincoln. Vinod Gupta has offered a $500,000 scholarship fund to students who want to pursue engineering and science courses and might need financial aid.

 

Vinod Gupta has a special focus on Women’s Education. He has built a girls school in his hometown. He has ensured that this school is fully funded through his initiative. The step he has made is historical in that it addresses the gender gap in education. With such initiatives, the gap will be closed.

 

View source: https://www.dailyforexreport.com/vinod-gupta-indian-born-american-businessman-investor-philanthropist/