Richard Liu Qiangdong was born March 10, 1973 in Suqian, Jiangsu, China. The innovative entrepreneur is the creator and founder of JD.com or Jingdong Mall. Richard Liu Qiangdong was interviewed in Jan 2018 at the World Economic Forum Annual Meeting for insight into how he was able to create JD.com, a highly lucrative business from the ground up. In the interview he stated that the idea to do online sales or e-commerce came from one of his managers after a SARS epidemic in 2004 literally forced Qiangdong and his team to find a way to keep the business from going under. When asked if that manager was still with the company Richard Liu Qiangdong stated, “He is already a billionaire.”
Prior to all the success, Richard Liu attended Renmin University of China in Beijing while working for his parents in the family business. The family business was a transport business that was not doing well. Richard Liu lived with his sick grandmother who had certain medical needs that his family just couldn’t afford to take care of at that time. In 1996 Richard Liu graduated with a bachelor’s in sociology and later earned his EMBA from the China Europe International Business School. In 1998 Richard Liu started the business Jingdong, a name that came about by combining the last character of his ex girlfriend and the last character of his name.
By 2003 Richard Liu opened a total of 12 stores after opening his first store 5 years prior. In 2004 Qiangdong began an online retail website and later the company became JD.com. In 2005 Richard Liu Qiangdong closed all his physical stores and started his e-commerce business. In 2007 Qiangdong revised his business model and began to incorporate a large variety of goods and has been compared to companies such as Amazon. As of Jan 2018 Richard Liu Qiangdong’s net worth was 12.7 billion.
About Liu Qiangdong: www.jdwl.com/liu-qiangdong-jd-ceo-about
Atlanta-based GreenSky is taking its financial services to the next level. This financial-technology company provides advanced technologies for merchants and banks via lending support. Consumers who are on the market for products and services in healthcare, home improvement and other services can benefit directly from this company. GreenSky is one of the top credit companies of the 21st century, and it doesn’t even use its own capital during this process. This particular company is partnered with 14 other financial institutes, including Sun Trust Banks and Regions Finance Corp. These two financial institutes offer a number of services, including mortgage, brokerage and insurance services.
Being part of an emerging field has helped to open many new doors for the business. Fintech is booming as of late, and this industry is raking in the dollars on an annual basis. Wikipedia has reported that GreenSky has generated at least $325 million in 2017. “We’re not competing with banks because we’re a technology-based company , said CEO David Zalik. Business has been so good to where Zalik was presented with the National EY Entrepreneur of the Year Award in financial services for 2016. In 2015, this company was considering on expanding its services even more with a 10-year tax incentive program as well as a building a new call center in Kentucky. GreenSky is in direct-competition with many other hard-hitters such as Avant Inc., Debtbench and Mosaic Inc. These Fintech type of companies have business mottos just like GreenSky .
The company was founded 12 years ago, and it has steadily climbed the ranks to success. In 2016, GreenSky established a building plan that was worth $2 billion. That’s right! The company also raised over $50 million in capital for 2016. In the end, the sky is definitely the limit for GreenSky , or should I say that the limit is the sky.