Richard Lui Reforming the E-commerce Market

Born in Jiangsu part of china, Richard Lui grew up to become one of the most successful entrepreneurs of e-commerce. His family was into coal distribution, and they taught him the advantages of working hard early on. This was exactly what he needed in a very competitive society. As he grew older, he furthered his studies and obtained a bachelors degree in sociology. Richard Lui then received his EMBA from the Chinese European Business School. After graduating, Richard Lui took some time out to learn another skill. He became a computer coder and soon after started working with a herbal firm called Japan Life. He held several positions there as the head of two departments, including the computing department. Richard decided to leave Japan Life and start his first business in 1998.

He opened a shop in Beijing selling magneto-optical products and providing customer service if needed. Another purpose of the company was to streamline business ventures. At that point in china, most retail companies were selling fake goods but Richard Lui saw this as an opportunity to grow. Quindong sold largely good quality products instead, gaining the trust of its customers across china and going against the trend of fake goods. Richard managed to open twelve stores across the area within the next five years. It was a highly successful chain of shops that became very profitable.

At this time the SARS outbreak was really affecting the business because workers couldn’t go out easily. The sacrifice they made was to stay indoors for most of the time while working. The model worked over time, but at this point, Richard was searching for ways to make business more efficient. After tinkering, he decided to start up a new venture, JD.com. He shut down all his shops and started the current e-commerce platform. Today the business is worth $57.6 billion with Richard having a net of $11 billion. Its thriving nature has allowed retail titans like Walmart increase shareholdings to 12%. JD.com is now regarded as one the elite sites in Asia alongside Alibaba.

Read full article : https://www.forbes.com/profile/richard-liu/#138384a22677

Peter Briger career in investment banking

When Peter Briger and some of his business associates decided to start a finance services company, they had so bog dreams for the future. This team had been serving in the American corporate department for a long time, and they were aware of the struggles most of the customers had to deal with so that they can come up with better investments for their future. Peter Briger played the most paramount role in starting this company, and he wanted to establish an institution that would serve the people for a long time. The finance department has never been a bed of roses for many years now. The competition in this industry keeps going up each passing year, and this makes it very difficult for investors to establish an institution that will deliver excellent results.

Peter has a lot of knowledge in investment. This knowledge has been accumulating because of the many years he has worked in the industry. Briger knows how to take opportunities that have presented themselves, and this is the primary reason he is so wealthy. While most investors are having a rough time when they want to start an investment in the tough times, Peter knows what to avoid and what to choose so that he can remain profitable at all costs. Briger has been so lucky in business, and this luck has been brought by the partners he has chosen to work with. As technology keeps improving, investors have so many opportunities to make things better. Technology has changed the way the financial department has been improving in the recent times.

Many investment opportunities have been made possible by technology, and one of them is Bitcoins. Bitcoins are all over the ads, and most people have started to take a special interest in them. One of the investors who believe in this new investment opportunity is Peter Briger. The businessman in a recent interview, says that he was happy about the new investment opportunity because bigger opportunities were coming up because of Bitcoins. In his career as a finance executive, this businessman has come across so many opportunities, but he has chosen the path to follow. Peter Briger has been the force that has been responsible for the many accomplishments that have been reported in one of the leading organizations in finance, popularly known as Fortress Investment Group. Peter Briger career has been full of so many activities.