Richard Liu is a notable businessperson in the world. He is the founder and the Chief Executive Officer of the largest retailer in China known as JD.com. It is under the leadership of Mr. Liu that this business has moved from the bottom to the top. Currently, it is ranked as one of the top four latest businesses in China by market value. Richard Liu believes that JD.com will be the largest business in China and by extension, the largest in the world since China will be the largest economy. Currently, he is working on building this company so that it can rank us the top Chinese company.
In an interview at the World Economic Forum, Richard Liu gave out a lot of information about his life and business and how he has managed to build one of the most successful businesses of today.
Richard Liu started engaging in business activities when he was at the University. He built a restaurant business which unfortunately collapsed since he did not have sufficient time to manage it. However, this business taught him very important lessons about entrepreneurship. Today, this results he has recorded have been a result of the dedication that he has given his entrepreneurial endeavors.
Although he failed in his first attempt to create a business, he did not give up. In 1998 after completing his university, Richard Liu decided to give it another go. He set up a small store in Beijing to sell computer accessories. This business picked off to a great start since he had learned the basics of running a successful business. Immediately after completing his university-level education, Richard Liu worked with a health company known as Japan Life. It is in this business that he learned some of the most important lessons that he later used to run his own business.
In 2004, Richard Liu decided to create a new business that would run on the e-commerce platform. He was convinced of that an Internet-based company would perform better than a brick-and-mortar business. He closed down 12 stores that he had opened in Beijing and went into e-commerce fully. Between 2004 and 2010, Richard Liu managed to stock JD.com with almost every product that was on the Chinese market.
Learn More: www.jd.id/richard-liu-jd-ceo-about
Over a year ago, on Feb. 5, 2018, entrepreneur Shervin Pishevar pumped out 50 consecutive tweets in which he made a variety of predictions and shared his take on a number of issues. Here are some of the most notable things he referenced in the 50-tweet “tweetstorm.”
Shervin’s Bitcoin Prediction Came True
In Dec. 2017, the price of bitcoin peaked at roughly $19,500 per bitcoin. Shortly thereafter, bitcoin’s value began to drop rapidly.
In his 24th tweet, Shervin Pishevar predicted that bitcoin’s price would continue to fall from its then-current value of roughly $9,000. This prediction turned out to be accurate.
The second part of his prediction stated that the price of bitcoin would stabilize somewhere between $2,000 and $5,000. In late Dec. 2018, Shervin published a tweet that recognized the accuracy of his bitcoin-related prediction. Since then, the price of the world’s most popular cryptocurrency has held true at a rough price of $3,500.
The Entrepreneur’s Views On Gold Haven’t Proven Correct Thus Far
One ounce of gold fetched about $1,350 at market at the time of Shervin Pishevar’s tweetstorm. Pishevar predicted that the price of gold would rise in the future, but he didn’t indicate a time horizon. As such, objectively judging the validity of his prediction is difficult.
The price of gold dropped to $1,190 in 2018. Currently, however, gold’s price sits at $1,325. Based on the consistent upswing in gold’s price over the past six months, it’s likely that the price of gold will, in fact, soon exceed its price at the time of the tweetstorm’s publication.
The United States Government Hasn’t Made These Predictions Come True
Shervin Pishevar shared last year that he believed that Microsoft, Amazon, Facebook, Alphabet, and Apple were all monopolies. Although none of them are as large or as powerful as the Bell Telephone Company was in 1984, the year its monopoly was broken up by the U.S. government, Shervin noted that they are quite powerful for their respective industries.
None of these companies’ organizations have been broken up since his tweetstorm, though he still feels that the government should step in.