Richard Liu Qiangdong the Internet Celebrity of China

Richard Liu Qiangdong, is the founding fathers and chief executive officer at JD.com, of one of largest e-commerce platforms in China. It was established as an e-commerce business to provide consumers with the best online shopping experience. It is currently worth $57.6 billion and Richard Liu has a net worth of $11 billion as reported by Forbes.

Richard Liu Qiangdong has a Bachelor’s in Sociology, Renmin University, Beijing. JD.com is known for its zero-tolerance policy for counterfeit products and amazing delivery speed. It has been the first Chinese Internet company who has made it to the Fortune 500 list by being named on the Fortune’s list of the “World’s Greatest Leaders”.

The entrepreneur Richard Liu was interviewed at the World Economic Forum Annual meeting this year, in Davos-Klosters, Switzerland. It was his first to this country and he was very pleased to hear different voices from the world and to meet his partners in the foreign land. He was being interviewed by David M. Rubenstein the Co-Founder and Co-Executive Chairman of The Carlyle Group.

Overall, the conversation between the two was pretty light and interesting questions were asked which revealed, how the name JD.com came to life. Richard Liu was extremely honest with the audience and declared how the name JD was a result of joining the name of his first girlfriend’s last name and his first name.

Richard Liu Qiangdong wasn’t at all hesitant to talk about his life struggles of belonging to a poor family. He even talked about his sick grandmother and the lack of finances to buy her medication which was his initial motivation to start his own business. He admitted, a government job wasn’t his sip of tea and started selling computer accessorize in his own retail business in Beijing in 1998. The Severe Acute Respiratory Syndrome (SARS) outbreak in 2003 kept the clients and staff at home which forced Liu to rethink the business model and eventually led him to launch JD.com in 2004.

When asked about the future plans of his company, he was pretty confident and determined about globally expanding, starting from South East Asia to the Middle East and then eventually Europe and America. Richard Liu was open about, how even though JD.com does deliver globally, the delivery system compared to within China isn’t as good because it can take 10-15 days. In China, it takes 6 to 20 hours for the packages to be delivered.

Richard Liu Qiangdong was asked about if being the wealthiest people China was a burden, he had a very humble and heart-warming response:

“I think it’s neither. It’s more of a sense of responsibility. When you’re wealthy you have a lot of resources in your hands. Wealth is a resource of the society and it’s a question of how to use it to grow your own wealth, your company and society simultaneously and that’s what I want to do.”

LinkedIn: https://cn.linkedin.com/in/qiangdong-liu-53423bb0

Anthony Petrello: A Modern Hero

Anthony Petrello traces his roots back to an Italian neighborhood in Newark, New Jersey. He was born to working-class parents but was an exceptional student. Today, he is an exceptional executive and corporate tactician, a philanthropist and a father. He mastered differential calculus at an early age and was accepted to Yale University on full scholarship. In his early college days, Anthony Petrello worked with Serge Lang to advance human understanding of number theory. He graduated from Yale with a bachelor’s degree and master’s Yale and went on to achieve a J.D. from Harvard Law School.

When he graduated, he quickly found work at a law firm, Baker & McKenzie. He worked his way up and quickly found himself in the position of Managing Partner, which he held until 1991. There he focused on on international arbitration, taxation and general corporate law. In 1991, one of Baker & McKenzie’s clients, Nabors Industries, hired Petrello as its president and Chief Operating Officer. He worked his way up to Deputy Chairman in 2003 and tool the role of Chief Executive Officer in 2011.

He is known for his long-term strategic plans and is credited with bringing Nabors Industries into the modern era. He has also masterminded the selection and purchase of some of the company’s biggest acquisitions. When Nabors Industries makes sales, Petrello makes money. His contract states that 80 percent of his salary is based on corporate receipts. But Petrello does far more than collect a huge paycheck. Helping the community is a huge part of the corporate culture at Nabors Industries. After Hurricane Harvey, Tony Petrello offered matching contributions to his company’s employees toward the hurricane relief efforts. He raised over $170,000.

Child neurological disorders are an issue that sits close to the heart with the Petrellos. When Carena, the Petrello’s daughter, was born premature, she was quickly diagnosed with periventricular leukomalacia. As she grew, she developed cerebral palsy. Tony and Cynthia wanted a cure. The Petrellos quickly discovered how much scientists have yet to learn about cerebral palsy. They made a $7 million donation to help fund the Neurological Research Institute at Texas Children’s Hospital. The hospital’s invited Tony to join the Board of Trustees and assist in fundraising efforts.

Despite humble beginnings, Anthony Petrello overcame many obstacles through intelligence and a passion to do good.

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