Mr. Liu is the CEO JD.com, an online retail company that he started in 2004. He has worked hard to make the company successful in China amid the competition from other online retailing companies such as Walmart and others. It has become the online platform of choice in China because of the variety of products it offers and at a reasonable price. Richard Liu Qiangdong enrolled in the Renmin University of China to study where he completed his Sociology degree. Later, he completed his EMBA.
He has always had the desire of becoming an entrepreneur. His ambitions were quite different from those of his peers who wanted to go abroad for studies and become civil servants. Richard Liu revealed that he even tried to manage a business during his third year in the university, but the business collapsed. He could not start a business immediately after school, and therefore he was briefly employed in a shop. Richard Liu comes from a humble background, and when his grandmother got sick, he had to find a way of paying got her medical needs. In 1998, these circumstances forced him into opening 4 square feet shop to sell computer accessories naming it JIngdong. The company performed better than he had expected and he started opening similar shops in various location until he had 12 of them by 2003.
In 2003 the SARS pandemic hit China, and the retail shops’ owners felt its effects. Richard Liu Qiangdong sent all his employees home and closed down the shops. At this moment, moving to online business was the best choice that could be made. In 2004, JD.com kicked off its operations in China, and within no time the company started performing exceptionally well. Despite the wealth that Richard Liu Qiangdong has gained from his business, he has always remained humble. He considers himself lucky to have resources that he uses to create a positive impact in the society. He is putting effort into making JD.com an international online retail business. The goal shall require engagement in expansion strategies such as acquisitions among others. Richard Liu Qiangdong hopes to leave a lasting legacy of building the most impactful online company in the world.
The New York-based billionaire Wes Edens shot to prominence in 2014 when he headed a consortium purchasing the NBA franchise, the Milwaukee Bucks. Edens and his partners shocked many fans and experts alike with the decision to keep the Bucks in their home market of Milwaukee when more lucrative markets were available elsewhere in North America. The work of Edens in the financial sector should provide fans of the sporting franchises he owns of his willingness to open up to new ways of thinking and investing.
During his career, Wes Edens was one of the most impressive and respected managing partners at Lehman Brothers and Blackrock before establishing his own investment company, Fortress. In the last decade, the owner of the Milwaukee Bucks has become increasingly concerned with environmental issues and uses his business skill to address many of these issues. The need for an ecologically-friendly approach to business has taken Wes Edens to new areas of the business sector including the use of clean, renewable energy sources that are developing emerging economies. See more information about Wes Edens at wealthx.com
Wes Edens is not averse to looking for new ways of exploring various sectors of life, including the purchase of various sports teams. The sports empire of Wes Edens has been growing since 2014 when the investment billionaire decided to purchase the Milwaukee Bucks NBA franchise. In 2016, Edens became one of the first sports owners to purchase an E-League video game sports team, FlyQuest which was part of the established Cloud9 organization. The business leader has pursued his interest in various sports and believes video gaming events have a role in the future of the professional sports industry alongside the already established sports franchises.
After establishing himself as one of the leading sports owners in the world through his work with the Bucks NBA franchise, the owner of Brightline rail has taken his interests to the international stage. The purchase of Aston Villa Football Club in the U.K. opens up a new sector of potential success for the Oregon State University graduate.