Richard Liu Qiangdong is one of the most respected entrepreneurs in the world. He runs JD.com, a leading e-commerce platform serving China and other parts of Asia. At present, Richard Liu’s e-commerce has an estimated worth of $ 57.6 billion.
How did he grow the e-commerce platform from a mere start-up to the established platform it is today? Following is a comprehensive picture of Liu’s business journey derived from his past interview with the World Economic Forum.
Richard Liu started his start-up in 1998 as a small shop selling Magneto-optical products. According to the interview posted on weforum, Liu Qiangdong branded the shop as Jingdong, a combination of his ex-girlfriend’s name, and the last characters of his name “Qiangdong.”By 2003, Richard Liu opened over 12 stores in different strategic locations around Beijing. In 2005, Mr. Liu decided to transform his business from a mortar and brick store to an e-commerce store that would serve the entire Chinese market.
The transformation led to the birth of the present day JD.com, an e-commerce store that sells an array of quality consumer products. It sells foodstuffs, apparel, electronics, home appliances, and furnishings. Besides offering fast moving consumer goods, JD has also come up with a unique service called White Grove, which deals in the sale of luxury products. The service is differently tailored to give consumers a unique experience. To enhance the White Grove services, JD has partnered with Farfetch, a renowned provider of luxury products, especially in fashion. Farfetch uses JD’s platform to market its products.
What trick did he use to outwit his e-commerce competitors? According to the interview posted on the World Economic Platform, JD.com won the hearts of its consumers by selling quality consumer goods at an affordable price. Most of JD.com’s competitors sold counterfeits at an exaggerated price.
Besides selling authentic products, Richard Liu Qiangdong’s e-commerce store employed fast logistics as a scheme to gain and defend the industry’s top position. Its customers would receive their goods for as short as one day after placing their orders. At present, Richard Liu says that customers can receive their products on the same day they place their orders. The e-commerce store is looking to speed-up its logistics using smart technology.
Think about the things that define our lives. Cell phones, computers, ride-sharing apps, etc have all caused our lives to be much easier, and the fact that we have access to almost all of the knowledge that humanity has to offer is pretty amazing. However, while there are many revolutionaries that saw these changes coming- many in the past had no clue that this was how things were going to be. Rapid adoption of new technology is one of the best ways to get ahead in the worlds of finance and technology.
Currently, the company Net1 and a blockchain founder Serge Belamant, are on track to take the processing market by storm. Since their technology exists only within their framework, it is likely that the company will be able generate a terrific amount of free cash flow revenue. So much free cash revenue, in fact, that many predictions have them being able to buy up every public share on the market sometime before the end of 2023. Their technology has wide applications, from banking to finance to real estate.
Net1 and Serge Belamant have developed their own patented, proprietary blockchain technology to help process transactions using the EMV standard. EMV stands for European Mastercard Visa. Serge Belamant envisioned a way to process transactions in a quick, secure and cost-efficient manner using the blockchain. Instead of using a main computer to process each and every transaction via online servers, they are actually using the blockchain to verify those same transactions.
Right now, there are many places in the world processing transactions are very expensive or flat out not possible. However, this tech would dramatically reduce fees, increase safety, and bring transaction access to even the most remote and rural areas of the globe. Serge Belamant and all of the people that work with him at Net1 are rapidly changing how people view transactions. In addition to individual payment processing they are also considering moves to replace traditional bank accounts with blockchain derived systems. The world is changing- and fast. The best way to benefit from a changing world is to grab the bull by both horns.
For details: angel.co/serge-belamant
For several months, economist Ted Bauman has been calling for the possibility of a stock market crash. Although many traders on Wall Street would disagree about the stock market crashing, there is a growing consensus among investors that the stock market is extremely overvalued and the bull market may not last much longer. Ted Bauman traveled to South Africa when he was a young adult. He earned his economics and history degrees at the University of Cape Town. His written work has been published in respected journals all over the world. Today, he is an editor for Banyan Hill Publishing and provides his subscribers with three newsletters to help them achieve their financial goals. He lists several macroeconomic factors that could eventually cause the stock market to crash.
Ted Bauman feels that US stocks are more overvalued now than at any other time in history and will eventually return to their fair value. He uses a tool called the CAPE ratio for measuring the overall value of the stock market. According to this ratio, the US stock market is more overvalued now than at any other time in history. Once more investors come to this conclusion, they will begin to sell stocks at a fast pace until the market returns to fair value. The average historical reading for the CAPE ratio is seventeen and the current reading is thirty-two. This means that stock prices would have to decline by almost fifty percent to return to historical averages.
A trade war between China and the US is another catalyst that Ted Bauman feels could cause the bull market in US stocks to end. Many respected economists feel that if the trade war does not end soon, the entire world will be thrust into a recession. Mr. Bauman has pointed out that Chyna has done little so far to retaliate against the Trump Administration, except imposing its own tariffs. China could punish US multinational companies that rely on business in China. Many of these corporations would lose substantial revenues, eventually resulting in lower profits. Many of these corporations are traded on major US stock exchanges and their share prices would eventually fall as a result of lower profits.