Wealth and Early life of Richard Liu Qiangdong

Wealth and Early life of Richard Liu Qiangdong

Richard Liu Qiangdong believes wealthy people have a responsibility to help and enhance the conditions of the society. According to an interview conducted in Davos Klosters, Switzerland by David M. Rubenstein at the World Economic Forum, Liu continued to narrate his humble background. Before becoming the founder of the multi-billion company, JD.com, he assisted in his family business of transportation at the canals. Richard Liu went ahead and stated various challenges he faced as he tried being the best in his company at college. Only to end up failing due to insufficient hours spent in managing it.

JD.com and Richard Liu

JD.com started as a computer accessory store at the Chinquapin District in 1998 inspired by his then girlfriend and Liu,s ambitions giving rise to the name of the company’s initials J & D. Though started as only 12 stores, 4sq meters in size, Richard Liu faced another problem in 2004 during the SARS disaster challenging him to re-evaluate his choices. According to one of the managers, he advised Liu to find online means reaching the clients since they were unable to come to the store directly. The idea seemed to pan out with positive results being better than previous years, regarding logistics cost, e-commerce customer experience and profitability.

Competition, Market Valuation and Growth of JD.com

According to the interview, Richard Liu confirmed he didn’t recognise Amazon or any other recent big company in the e-commerce business other than ‘Dang Dang.’ “I am my biggest competition,” Liu said confidently stating he always thrived to better his company performance. First by bringing integrity and transparency in the market, unlike at the time, 1998, when most people conducted fraudulent business like counterfeit products. Secondly, they maintained and expanded their trust-worthy clients through improvements in logistics and number of products reaching billions by 2010.

Other measures were to increase the efficiency of the company through the number of workers reaching 168,000 employees. Competing globally with e-commerce companies like “Baidu” was the final step, making JD.com have a net worth of over 68 million as of 2010 and rated fourth in the e-commerce sector.t

Visit his LinkedIn : https://www.thecasecentre.org/students/products/view?id=148717

OSI Food Solutions: Innovation, Ingenuity & Excellence

OSI Food Solutions: Innovation, Ingenuity & Excellence

OSI Food Solutions is the quintessential food supplier of the 21st century. This global food supplier is like a well-oiled machine that produces outstanding results. The company is headquartered in Illinois, but it has locations in a number of foreign territories. Though there are many companies that specialize in this field, OSI definitely stands out amongst a sea of competitors. OSI Food Solutions is also a custom food creator. The company’s food specialists have the capability to work with the client to produce the best end results. The client will also be involved throughout this timely process.

So, what other benefits does OSI have to offer? Well, this dynamic company has the capabilities of product ideation, concept development, shelf life study, cost reduction, new product development and many more.OSI Food Solutions spend a lot of its time studying the market. The company always seem to recognize when a food product is in high-demand. This is one of the most progressive-thinking food processors in the business world, and its background is a true testament to its success. At the company’s Spain location, over $17 million was spent on a high-capacity production line. This high-capacity production line has more than doubled the company’s output in meat processing company.

When it comes to quality chicken production at this location, OSI has been able to increase its output from 12,000 tons to 24,000 tons. Yes, these figures represent the production output in only a year’s time. In total, OSI processes more than 45,000 tons of chicken, beef and pork at its Spain location.OSI Food Solutions has been making business moves like this for many years. The company has built a new feed mill in China’s Shandong Province that processes more than 600,000 metric-tons of feed. Twenty-five million dollars was spent on another high capacity production line at the company’s Hungary location, which now processes more than 22,000 tons of chicken on an annual basis.


Steve Ritchie: Papa Johns Will Do Better

Steve Ritchie: Papa Johns Will Do Better

Business often has ups and downs like everybody has, and that is just the way of life, and not many companies admit to mistakes done on their part, but Steve Ritchie, the CEO of Papa John’s, wrote an apology letter to all its customers to make things right. The letter penned down by Steve Ritchie Papa John’s himself was a heartfelt apology and was sincere to the core. He first takes pride for working for the conglomerate for twenty-two years showing he is part and parcel of the team that was behind in seeing the company expand since its inception. It shows a connection that stemmed from his early years when he was still a young man fresh out of college getting in on a business that he believed in. He does not try explaining things which show us that he is sincere in thought and takes full responsibility for the mistake done. As per Biz Journals, the act takes one back to when we were young and had taken another child’s toy only to be told by our mother’s to give it back. Often kids would lie in this situation to keep the toy or outright refuse to give it back, but few would take the extra effort to utter that simple word ‘sorry’.

It is true that the views do not represent the whole company which is made up of over a hundred workers globally. It is not fair for one individual to cause so much harm while the thorn in the flesh has been removed from one’s heel. The past is exactly that and moving on to the future is what counts. Every pizza that is sold directly affects our economy as well as puts food on the table for many families. We should focus on the positive side as Steve Ritchie (@stevemritchie) has personally dedicated himself and the organization to do better. The approach to his apology letter gives clear guidelines on how this is going to be done. The occurrence is something that we can all learn from in that we are human, and we are bound to make mistakes and acknowledging the errors paves the way for faster healing.

Reference: https://en.wikipedia.org/wiki/Papa_John’s_Pizza

Stream Energy: Giving Back Is In The DNA

Stream Energy: Giving Back Is In The DNA

Hurricane Henry dropped 56 inches of rain that spread throughout Houston neighborhoods and businesses. Several companies abroad and within the United States watch this area suffer and struggle along with some passing away. It was difficult to watch as these unexpected Americans became uprooted from their homes and lost their livelihoods. One company stood up and took action to give these homeowners a second chance when it came to rebuilding their neighborhoods. Stream Energy, a business located in Dallas, took from their own revenue to provide for those in need of immediate funding.

Corporate philanthropy for the stream company is not only a part of its mission but in their DNA. They have long had success in their operations as a direct selling energy company. The executive team didn’t hesitate when it came to founding a charity organization. Stream Cares is now up and running and continues to be a thriving philanthropic foundation located in Texas and across the country. The foundation has been in operation for nearly a decade and more.

Kerrisdale Capital’s Sahm Adrangi Releases Negative Report

Kerrisdale Capital’s Sahm Adrangi Releases Negative Report

Sahm Adrangi, Chief Investment Officer of Kerrisdale Capital, released a negative report on QuinStreet, Inc to explain why they’re shorting QuinStreet’s stock, QNST. QuinStreet is a web advertisement firm that provides new potential customers who are shopping for the product that the affiliated website is selling. QuinStreet claims that these leads are high value, while most of the traffic comes from fake traffic and users working for “swagbacks”. Swagbucks is a website that rewards users with gift cards for tasks they complete. These tasks often involve going to certain websites and clicking around on the page to generate traffic, despite the user not being interested in anything the website is selling.

Adrangi claims that there is nothing to set QuinStreet apart from its failing competitors. Their technology is out of date, their affiliated websites are moving to greener pastures, and their business model.

Sahm Adrangi outlines a system of phony traffic to websites in QuinStreet’s network. The phony traffic generates revenue for QuinStreet while costing their affiliated websites. Adrangi further states that their whole business model is flawed. He also points out that key members of QuinStreet, like its CEO and CFO, have already began selling their shares.

From their out dated business model, clunky technology, and utilizing fraudulent traffic to increase revenue and deceive their customers, Kerrisdale Capital has shorted the company and believes it will fail.

Founded in 2009, New York-based Kerris Capital manages over $300 million in investments. The private firm focuses on long-term investments as well as event-driven situations.

Sahm Adrangi is the Chief Investment Officer of Kerrisdale Capital as well as its founder. He earned a bachelors degree in arts and economics from Yale University. He worked at Chanin Capital Partners where he advised creditors in Chapter 11 bankruptcy restructuring. Before founding Kerrisdale Capital, Sahm Adrangi worked at Longacre Fund Management as an investment analyst for both the equity and credit fund.


Does Vinod Gupta Support Women?

Does Vinod Gupta Support Women?

Vinod Gupta is an amazing American businessman. He has many talents, along with him also being a philanthropist and an investor. He has well-rounded intelligence by gaining his education from two different countries. Vinod Gupta in today’s society is a self-made millionaire is currently investing in women’s education.

Mr. Gupta’s Education Path
He was born in India. Since his birth, he was destined to have a bright future. While growing up in India, he began his education on learning agricultural engineering at the Indian Institutes of Technology. Then, further down the line, he decides to relocate to the United States to continue his education. Vinod Gupta received his master’s degree in business and agricultural engineering. He earned those degrees while attending the University of Nebraska at Lincoln.

Investing in Women’s Education
After earning his degrees in the United States, Vinod began working for different companies. Then, as he moved up the ladder, he started to come up with his own businesses. After his wealth started to build up on a serious level, he decided to make a contribution to his hometown in India. Since where he comes from, women were limited on the education they could attain, unlike the men. In the year 2000, Vinod Gupta opens up a polytechnic school in India for the women. Now the women in India have equal education opportunities as the men.

With all of Vinod’s hard work and contributions, he is now a self-made millionaire. Vinod made great contributions, but Gupta helping women extend their education shows an amazing attribute in his character.

More on Vinod Gupta:



What You Need To Know About Market America

What You Need To Know About Market America

Market America was founded by JR Ridinger (a former Amway distributor) and his wife Loren Ridinger back in 1992. They had a rough beginning. The company didn’t come to light for almost ten years, this was due to some changes in the Security and Exchange Commission about the violation of certain securities laws in 1999.

Just like other MLMs that go public and then have some issues with the Security and Exchange Commission, the company also went private in 2001. The company started enlarging their coast internationally by 2002 into Australia. Afterward, the company moved into the United Kingdom, Mexico, Philippines, and Hong Kong.

In 2010, Market America bought Shop.com – an online shopping engine that flaunts most of the world’s largest former investors, including Bill Gates, Yahoo, and Amazon. By 2011, the company started gaining grounds, and they had about 650 employees, and all of them were working full-time.

Also in 2010, the company had an estimate of 395 million USD in revenue. They also unveiled two celebrity spokespersons – Kim Kardashian and Scottie Pippen. In 2013, the company took the 27th position in the Global 100 of DSN.

Market America Products

This company has one of the biggest stores in the world. They have more than 3,000 proprietary products in their store. Some of the products you can find in their store include health tonics, makeup, household cleaners, fitness programs, nutritional and weight-loss supplements, gardening products, and so many others.

In addition to the proprietary products they sell, JR went ahead to acquire Shop.com, an online platform that sells all types of popular name brands at very affordable rates – the idea is to make the company look like Amazon.com.

A very popular product in the Market America store is Isotonix (nutritional supplements) which they brought Scottie to represent in 2010. The supplements were sold for 70 USD for each bottle. You can find a nutritional supplement with the same or similar ingredients at other online platforms or a drugstore close to you for less than that amount (even about 25 USD) per bottle, but those do not have the face of a celebrity on them. The face on the bottle is basically their selling point.


Anthony Petrello And His Friendship With Tommy Tune

Anthony Petrello And His Friendship With Tommy Tune

Tony Petrello opened his door this last year to an old friend who had returned to Houston to put on a musical show at a theater. That friend is Tommy Tune, a famous Broadway actor who attended one of Houston’s top dance academies as a young man, and then went on to win several Tony awards and star in several prominent productions. The Petrellos hosted a reception for Tune at their home and also invited several other business colleagues and city leaders, and during this reception they discussed both important issues and leisurely subjects. Petrello not only has been generous to celebrities like Tune, but he’s given his time to help the community and to further scientific research.

Tony Petrello’s current job is both chairman and CEO of one of the nation’s largest oil drilling companies, Nabors Industries. He was formerly chief operating officer of the company from 1991 to 2011, assumed the role of CEO in 2011 and then was given a contract raise in 2013 that made him the highest-paid boss in the US that year. Prior to joining Nabors Industries, Tony Petrello was an associate and later partner of Baker & McKenzie while practicing as an attorney in administrative and corporate law. He completed his JD at Harvard law school and previously finished his bachelor’s and master’s degrees at Yale University.

Anthony Petrello has a lot of causes that are close to his heart, but none more so than his daughter Carena. Carena had an illness when she was born that affected her cognitive abilities, and she was diagnosed with cerebral palsy. He had met with many doctors to find out if she could be treated, but when he found out that she couldn’t he decided to fund research in brain treatments through the Texas Children’s Hospital Dan and Jan Duncan Neurological Research Institute. Petrello has given $7 million in gifts to the research center both for training and high-tech equipment. He also gave over $170,000 to emergency response and public service providers during the hurricane Harvey rescues and cleanup.

Read more: How Tony Petrello Helped Houston With Hurricane Harvey Relief

OSI Food Solutions: A World Leading Food Solutions Provider

OSI Food Solutions: A World Leading Food Solutions Provider

OSI Food Solutions is a company that offers all foods solutions and is located in Aurora, Illinois, United States. It provides quality foods and services across all the networks globally. It is known for the global supply of customs value-added food varieties to all worlds’ best foodservice and the retail brands. It is a privately owned company that offers great resources. It produces food globally through the structured chain management in sourcing, distribution, and procession of the food products. This allows OSI Food Solutions to maximize the opportunities and deliver the custom food products. OSI Food Solutions has more than 65 facilities globally, with more than 20,000 employees who are well trained and experienced in the food industry. In their career sector, OSI Food Solutions is a firm believer that employees make the success of the company. As a result, they provide the opportunity to challenge and stimulate the employees. They employ individuals who show great passion and are committed to offering new ideas and innovations to make a difference in the company. OSI Food Solutions emphasizes that it a place where one can learn, grow and discover their full potential. The company enjoys working with individuals who love teamwork, can bring solutions and have entrepreneurial minds.

OSI Food Solutions in Spain doubled the output of chicken following the expansion of the OSI group. This plant is located in Toledo, Spain. It underwent some expansion, which is the reason behind the doubling of their chicken products. The expansion cost 17 million euros. The estimated production of the chicken products stands at 45,000 tons. This will benefit the entire company as well as the community through the creation of job opportunities. This doubling has been because of the increase in the demand for chicken products following the trends in the economy and food consumption rate in Portugal and Spain. This demand has increased by eight percent and is expected to keep growing. This means that the OSI Food Solutions continues to lay down strategies for retaining its leading positioning production and distribution.

OSI Food Solutions has made great milestones in acquiring the Baho food. This has been a Dutch manufacturer of fast foods, snacks & deli meats, which served retail food places. The additions of the Baho food into the OSI Food Solutions business has given the company a broader presence in European countries. The managing director for Baho foods and the team members works closely with the OSI Food Solutions team to realize the potential fully.

Whitney Wolfe’s Recent Wedding and Further Developments after Bumble Dating App

Whitney Wolfe’s Recent Wedding and Further Developments after Bumble Dating App

Speaking of glamorous weddings, Whitney Wolfe’s recent wedding with Michael Herd represents one of those. There were several yachts, at least six designer wear changes, and arena-style seating. The ceremony happened early last month on the Amalfi Coast. However, the couple opted to keep it under the wraps regarding social media coverage. Renowned stylist Cynthia Cook was enlisted to take care of the look of the bride over the four days of the event. Whitney changed between six designer garments.She started with a Giambattista Valli on the first evening of the event. On the following day, a Friday, Oscar de la Renta, blue silk in color, was the order of the day. Later in the evening, a sequinned Saint Laurent was the wedding dress of choice.

On the official wedding day, Whitney went with an Oscar de la Renta with a long train. A Delphine Manivet saw her through dinner, and a Naeem Khan dress closed the chapter for dancing. The Bumble CEO impressed at the event with her several dress changes that all went well with the photos. Her Bumble dating app just reached over 20 million users. What’s special about this app that it gives the full female control of conversations by only allowing them to start a conversation. The company has since expanded and now has Bumble BFF and Bumble Bizz under its umbrella. Bumble BFF allows users to make new platonic friends outside the dating app.

Bumble Bizz on the other hand also employs the same working principle of the older two sisters. It, however, uses those perks to drop conversations in the career sphere. Finding the right investor or mentor is as equally important as matching with love or friendship interest. On Bumble Bizz women will still be the ones to make the first move. This is because of many reported cases of solicitation of women on other similar platforms.Whitney Wolfe has really revolutionized the online dating industry with Bumble and is extending a similar kind of influence elsewhere. The advent of Bumble BFF and Bumble Bizz show her desire to leave a mark on the online interaction realm. Wolfe shaped her career as an entrepreneur having worked with the likes of Badoo which is in the same space as Bumble. She comes from the state of Utah and is a holder of an International Studies degree from Southern Methodist University.