Richard Liu Qiandong and the Road to Jingdong

1998 marked the beginning of Richard Liu Qiandong’s entrepreneurial career, launching his first physical retail store in Beijing. Over the course of the next few years, the company, which would eventually evolve into JD.com, began an unprecedented run of rapid expansion, opening 12 brick-and-mortar locations before transitioning to online retail. Today, JD.com, or Jingdong, is one of the most powerful and influential companies in the world and is hailed as the largest e-commerce platform in China. With a market value of $60 billion, JD.com continues rapid ascension, garnering support from a number of well-established entities, including two of its primary competitors, Amazon and Walmart.

Richard Liu Qiandong’s story began in the small town of Suqian, located in China’s Jiangsu province. As a youth, he assisted his parents, who worked in the coal-shipping industry, while also excelling at his classwork and outside activities. He attended the People’s University of China, where, despite majoring in sociology, dedicated his time to a number of areas, including computer coding and entrepreneurship. Richard Liu Qiandong’s initial attempt at entrepreneurship occurred with the opening of his first restaurant, which ultimately failed. Undeterred, he decided to take a position with Japan Life upon graduation, utilizing his computer coding skills to move up within the company. After several years, he decided to revisit his entrepreneurial aspirations, renting a space in a tech hub located in Beijing.

Utilizing a mixture of sweat-equity and innovation, his business quickly took off, expanding into twelve locations. After a number of successful years, the SARS epidemic swept through China, causing a complete restructure of the retail model due to the limited access between customers and providers. This tragedy prompted Richard Liu Qiandong to consider the e-commerce format, and in 2004, JD.com was officially born. With limited cash available, JD.com initially provided IT products, slowly making the transition into a vaster supply chain. By 2010, JD.com had expanded into each sector, with its most profitable products being fashion and home appliances. At 44 years of age, Richard Liu Qiandong hopes to leave a significant legacy behind – one that emphasizes his strengths as a father, husband, son, boss, and partner.

Talos Energy : The Recent Development It Has for Gulf of Mexico and Zama Oil Project

The most popular products and services today are rightfully so because of the tinkering of their inventors and founders. Because of the massive intelligent risk-taking that its founders have done, a company succeeds and sustains its leadership in the competition.While it is also helpful for a business investor to see the business in the eye and to have a vision, the best way still is to let experience teach you how to do business, and this can be done through tinkering. One of the few companies today that understand how this tinkering, trial and error and contained risk-taking is done is Talos Energy, which is a successful energy production firm that’s based out of Houston, TX.

 Zama Oil Discovery

One of the most recent propitious events in the operations of Talos Energy right now is the fact that it is able to do appraisal drilling for what is proudly known as the Zama-1 structure. It’s a drilling project that offers a lot of potential for profit growth through appraisal drilling. With many interested investors for such project, it will be no time before Talos Energy expands its operations in various areas they had not yet considered.

The Founders That Made It Big

It may be because of the specialized skills and fantastic risk-taking abilities of Talos’ Founders, John A. Parker and John L. Harrison, as well as Stephen Heitzman and Timothy Duncan, that Talos Energy Inc. right now is one of the most successful businesses in Houston. However, their success would also not be there without the right kind of luck and fortunate circumstances that their company has withstood and encountered.For example: the expertise at acquiring deepwater assets in Gulf of Mexico is already unquestionable on the part of the Talos, but the fact that they were still able to spot the right opportunities despite the limits of research and analysis is a significant factor in calculating for their success right now.It is also through the balanced mix of luck and skills that Talos Energy has since 2012 been able to build two Gulf of Mexico oil and gas establishments – Phoenix Exploration Co and Gryphon Exploration Co. -. With such risk-taking, these companies are able to provide a lot of fortune and significant returns on their equity investors.