Journey From Selling To E-Commerce Platform

 

A failed restaurant business in mid-twenties would have been a setback for many, but for Richard Liu Qiangdong, the founder and CEO of JD.com. it was a stepping stone for his next initiative. After a short time of selling healthcare products, Richard Liu stepped into retail, setting up his own ‘Jingdong’ store that sold computer accessories in Beijing, China.

The retail expanded to about twelve stores when Richard faced the next big challenge in 2004, in the form of SARS epidemic that broke out and made face to face interactions with customers who could possibly infected a risky proposition for his employees. The downside was not meeting customers meant drop in revenues and that was a serious challenge.

One of his managers proposed selling to customers online, thus mitigating the risk and still maintaining revenues. Richard Liu quickly pounced on the idea and swiftly observed that online sales were cost effective and spotted the future in e-commerce. Over the next few years, JD.com grew quickly into a online retail giant, taking on big names like Baidu, Tencent and Alibaba in China. Read This Article for additional information.

Growth did not come easily, though. When JD.com started out, the online retail market was plagued with counterfeit products, price mismatches and delayed shipments. The company was short on cash and had to use its resources efficiently. JD.com established policies that won trust among customers and sold only genuine products and delivered shipments to match the price. Delivering on commitments built trust and grew the company fast in the crowded online retail market. Today, in urban china, JD.com could deliver a product order in as little as 6 hours and it could just 3 hours in Beijing !! Customers know exactly when they will get their product. Richard Liu wants to pilot JD.com to the coveted number one spot in the next few years.

Richard Liu, the founder of JD.com holds a graduate degree in Sociology from Renmin University of China and also has an Executive MBA from the China Europe International Business School. Richard Liu Qiangdong views wealth more as a responsibility than as a burden or a blessing. JD.Com is committed to bringing high quality products to China, though JD.com does have a global business and delivery model.

 

More about Richard Liu Qiangdong on https://vivo.brown.edu/display/rl11

Felipe Montoro Jens shares CNI study Findings

There are more than 2796 works at a standstill in Brazil, and this is according to a study conducted by CNI. Within this number, more than 517 are infrastructure related and amount to 18% of the total can the cost about R $10.7 billion to the public confers, as illustrated by Felipe Montoro Jens, an infrastructure projects expert.

He says that within the area of infrastructure, sanitation suffers most with 447 enterprises affected during the phase of implementation. According to the author of the survey, Brazil invests little into infrastructure and plays a significant role in directing resources in the sector resulting from an excess of works that are interrupted before the shutdown ca consume resources that do not bring benefits to the society.

Felipe adds that the interruption of the construction of sports facilities, day-care centers, and preschools was also included in the CNI study, even though they are not complex and expensive. The study indicates that the discontinuation relates to among other factors, the technical problems, companies abandoning their works, budgetary and financial challenges, land ownership, and expropriation.

The study further attributes the government interruption of these projects to the economic crisis that Brazil is facing. Felipe Montoro adds that the fiscal deterioration and contraction of the investments has also affected the municipal and the state projects. This cuts investments and causes the interruption of an infrastructure project. Visit on his twitter account for updates.

The way out

CNI recommends six ways out of this problem. First should be measured, improve microplanning, evaluation of the best modality of execution effective microplanning, better-equipped teams, formulation of more balanced contracts and lastly, strengthening the internal control.

Felipe opines that the CNI study is part of the 43 documents on strategic matters handed to candidates running for the presidency. The National Confederation of Industry (CNI) was started in 1938 and is headquartered in Brasilia with a representative office in Sao Paulo. It is the highest body of the trade union of the industry.

Learn more: http://www.consultasocio.com/q/sa/felipe-montoro-jens

 

What Was Hussain Sajwani’s, The Damac Owner, Reaction To Dwindling Third Quarter Profits

D3
December 26, 2018

Damac Properties reported dwindling profits during its most recent quarterly earnings call. As expected, this was followed by a declining company share price that in effect affected the real estate industry player’s net worth. Currently considered the third richest individual in the Middle East by Forbes, Hussain Sajwani’s net worth staggered and settled at $3.6 billion. It is therefore interesting to note how Sajwani Reacted to the news of the declining profits and net worth.

Support for some of the issues fueling the economic standoff

The real estate industry, in which Damac Properties operates, remains one of the most volatile markets in the world. It, therefore, could be affected by a host of social, economic, political and even environmental factors. but Hussain Sajwani believes he understands the cause of this market turbulence. He attributes the recent it to the continuing economic tensions in Europe and North America, most of which have time and again received his blessings.

Key among these factors include the heightened political and economic tensions between China and the United States about free trade. In such a case, the Damac owner’s close acquaintance Donald Trump has launched a series of economic sanctions against China’s perceived closed market. While acknowledging such tensions hurt his company, Hussain is in support of the move as believes it may end up opening China to the global free trade, a beneficial move to his company.

Business more than profit

Hussain Sajwani also argues that there is more to his business empire than just short-term profits and net worth. This was in response to why he continues to launch new projects and even push for the completion of existing one despite the market uncertainties. The real estate trader mentioned that his company is a source of livelihood to thousands of individuals and their families all across the world.

Halting its operations in a bid to salvage his company profits or personal net worth would, therefore, impact these lives negatively. The Damac owner further adds that he is on the verge of creating one of the most successful real estate companies in the world and won’t let short-term losses blur this vision.

Find out more about HSDO: https://hussainsajwani.com/ar/profile/

Award-Winning Talos Energy Finds New Water to Explore

Talos Energy is a small, petroleum company. It is based in Houston, Texas. This independent company drills for oil and natural gas in the regions of Louisiana and the Gulf of Mexico. They explore, research and drill in shallow and deep waters. The profits of Talos are about eight-hundred and fifteen million every year, helping them to become award winners in 2017. The company won the Discovery of the Year Award.

Talos Energy takes great pains to explore safely along the US Golf Coast. The company has 10.2 million acres to cover, using state of the art tools. Last year, the company found a large area of oil called the Zama-1, 2, and 3 fields. After approval by Mexico’s National Hydrocarbon Commission, Talos began exploring these areas, located on the Mexican border.

Exploration in this designated area will cost an estimated $250 million and the research is expected to find up to two billion barrels of petroleum. This feat was made possible by the 2014 Mexican Amendment, allowing private companies like Talos Energy to explore and drill. With the Zama discovery, Talos Energy needs to pass a Mexican appraisal before drilling begins.

Talos Energy is in partnership with Britain’s Premier Oil PLC, Sierra Oil & Gas of Mexico City. It is also a member of the Block 7 Consortium. The company has partnerships with Apollo Global Management and Riverstone Holdings too. In September of 2018, Talos Energy acquired another petroleum company called Whistler Energy II.

Timothy S. Duncan is the CEO and President of Talos Energy. He is also a co-founder, opening the firm in 2012. This energy company employs up to two hundred and fifty employees and takes care of them through a company program called UL Pure Safety. The program carefully trains workers and tracks their safety performances.

Talos Facebook page : http://Facebook.com/talos.energy/