Richard Liu was part of the 2018 world economic forum that was held in Dallas. The CEO and founder of JD.com was keen on getting a feel of what investors and business leaders the world over were working on. He gave an interview and told the whole world how he built business from scratch to become a world leader in the online business market.
According to Forbes’ reports, Richard Liu is worth $11billion while his firm is worth $57.6 billion. JD.com raises its revenue through different a host of channels including investments in Fartech, a luxury fashion company. As of mid 2017, JD.com had put in $397 million in the China based firm.
Richard Liu Qiangdong studied sociology and graduated in 1996 from Renmin University. He later enrolled in the International Business School of China where he earned an EMBA. As an undergraduate student he learned how to code and did a couple of freelance jobs with his programming skills. After school, Richard Liu spent two years at Japan Life. He served them in different capacities and at one point, he the directed the business and computer departments.
After gaining considerable experience he started his own business in Beijing. His shop dealt with magneto-optical products and served clients from all walks of life. In five years time, Jingdong had 12 new stores under his name. The outbreak of SARS in 2003 threatened the success of his business empire as clients remained indoors. Rather than lament about his misfortune, Richard Liu began to exploit potential solutions to the new challenge.
He established JD.com the following year as he sought to try his hand in the online market. In 2005, Richard Liu Qiangdong shut down all his physical outlets and focused solely on the e-commerce business. Aside from electronics, clients received numerous other consumer goods from the platform.
JD.com has experienced tremendous success over the years and in 2014 it was publicly traded in the US. A few months prior to this, the firm partnered with WeChat which invested $215 million in JD.com. Thousands of WeChat users got regular updates on the firm’s activities as part of the deal. The exponential growth of the firm allows it to give Alibaba a run for its money. The listing of the firm in the Fortune 500 List underlined its influence and success in the e-commerce industry.
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Fortress Investment Group has grown since its founding in 1998 as private equity firm. Today, as a global investment management firm, it employs 900 people and is responsible for over $43 billion of assets. Fortress is an innovative company that has had a massive impact on the financial world.
Fortress’ founders were brought with them extensive experience from some of the world’s largest financial institutions, specifically, Lehman Brothers, Blackrock, and Goldman Sachs. They were quickly successful in their goal to invest in new, cutting edge, opportunities. They were among the first alternative investment companies and they were the first such group to be traded on the stock market.
Throughout the first decade Fortress Investment Group made a host of acquisitions. These acquisitions included Intrawest, RailAmerica, and Penn National Gaming. Every added acquisition made Fortress more diverse and more valuable.
Fortress Investment Group continues to operate independently, but in 2017 they were bought by a Japanese company known as the Softbank Group Corporation. Softbank purchased Fortress for $3.3 billion. The purchase makes Softbank among the biggest alternative asset investors in the world. The new owners believe that they can double the company’s (Fortress) assets in the coming years. Additionally, they have more overreaching goals for their newly acquired company.
Softbank’s overall plan is to use Fortress in their goal to lead the charge of emerging technologies. They believe that it is an important cog in the machine that will allow them to expand and adapt, globally.
Fortress Investment Group is a history making company. They blazed a trail as one of the first alternative investing firms. They were the first such group to trade publicly on the stock market. And they were the first such group to be sold, when Softbank purchased them in 2017. Their new owners seeks to use them to build.
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Michel Burwell believes in the ability to being an excellent listener to build your business network, and he is Wills Tower Watson Chief Financial Officer. Burwell has over 31 years of immeasurable proficiency and understanding working at the Pricewaterhouse Coopers Company servicing in different sectors. Michael Burwell prides of 11 years of being part of the company assurance practices of the business advisory section, and in 1997 he became the company partner working on its Detroit transaction center.
Michel Burwell took over the management of the US PwC central transaction business where he created a huge impact, and in 2009 he became the company Chief Operating Officer and the Chief Financial Officer. Michel became the company Global vice Chairman in 2012 and also the U.S Transformation advisor and helped to expand and also build the internal shared services of PwC’s
Michel Burwell went to the University of Michigan States and graduated with Business Administration boasts of being named the Alumnus of the Year in 2010 and a certified public accountant. He states that his typical productive day starts with simple and yet fulfilling accomplishments like making of his bed, waking up before 5 am and taking an afternoon ride with his Peloton bike. Riding is Burwell way of reflecting on his day achievement and others ways of fulfilling his goals and believes for any ideal to flourish it needs proper evaluation and light. He thinks that the digital ninjas are becoming the world secret weapons and his favorite trend is the InsureTech that makes it easy for surfacing the marketplace though starting points B to C.
Michel Burwell states that mind and technology are ways that make him more productive and he keeps on sharing apps that keep him moving to his friends, clients, and family. Additionally, he asks others of the technology apps that keep them productive hence creating a chain of productivity.
According to Michel, he would advise a younger self to known that collaboration is not always a way to reaching an equal consensus and reaching for an agreement all the time means getting lower common denominator. He also states that making everyone happy is nice if you have the means.
Michel Burwell trusts in Micro-communities and believes in their continued growth and the use of technology to offer them stronger support. The platforms of micro-communities will evolve with the power of like-minded people linking together reaching out to others.
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