Monthly Archives: December 2018

Richard Liu Qiangdong Talks about his Business Journey

The businessman is the pioneer of JD.com and works at the organization as its chief executive officer. One of his latest business decision was to invest in a Chinese based company known as Farfetch. He has invested millions of dollars in the fashion industry and that has earned him a position in the BoF 500 list. JD.com has grown over the years and is now considered one of the largest e-commerce sites in China. The firm is currently valued at $57.6 billion. Richard Liu is listed in the Forbes Magazine as one of the billionaires in the world. Walmart has a 12% stake at JD.com.

Richard Liu was interviewed in Davos during the World Economic Forum. He expressed his excitement for meeting his partners there. When asked when JD.com was started, he revealed that it was in 2004. The name was derived from combining his first girlfriend’s last name and his first name. Even at a tender age, he helped his parents do a transport business which was a sole proprietorship.

He acquired his higher education in a college based in Beijing. Richard Liu Qiangdong started a restaurant while studying at the institution. After some time, the business failed when he was in his third year because he barely got time to run the restaurant. The entrepreneur later started a retail business in a small store with the aim of helping his family. The business involved selling various computer accessories. With time, he opened twelve stores in different locations.

After the SARS Epidemic hit the country, Richard Liu Qiangdong closed all the stores, and the workers were required to stay at home as talking to each other face to face was very risky. However, the managers were left to discuss the way forward in the office. One of the managers suggested that they should offer the various accessories on an online platform to reduce the risk of spreading the SARS Epidemic. When asked whether the person who gave the suggestion was still working for him, he said that the manager was already a billionaire after his successful business ventures. According to Liu, he discovered that the online stores were more effective and easier to run due to low logistical costs and the customers were happy about it.

Jeremy Goldstein Helps the Community

In the modern world there exists in inequality of services between the poor and minorities, compared to the rich. Jeremy Goldstein is lawyer who believes in giving back to the community who supports him. He recently hosted a Wine Party in New York with many of his colleges in the name of Fountain House.

The event was a huge success both in terms of attendance, and how much was raised for this organization. There are a pair of online articles that expanded on the event, and who benefits from Foundation House. Learn more about Jeremy Goldstein: http://www.bizjournals.com/newyork/potmsearch/detail/submission/6423046

The first article is a press release coming from PR Newswire. It discusses how they had wine from all over the region, and Jeremy Goldstein hosted two events Read more:  Jeremy Goldstein | Ideamensch and Jeremy Goldstein | Chambers and Partners

He raised a combined $56,000 for Foundation House. As a member on the Board of Directors, he takes great pride in helping those less fortunate and wishes to encourage his colleges to to the same. The money has greatly helped the organization reach its goal of helping those with mental conditions get back on their feet.

This is followed with a article with Patch that describes the mission of Foundation House. They put all of their resources into helping those with mental illness get an education, find housing, get a job, and stabilize their life. The base of operations is around New York, but they have spread into communities across the country. Since they beginning, the rates of mentally ill individuals in bad situations has dropped substantial in communities they are involved with. Jeremy Goldstein is pleased with their progress.

Jeremy Goldstein is a lawyer during the day, and a proud member of the community outside of work. His job shows him what happens to those who stray from the path of life, and so he wants to help people live.