Fueled by his ambitious disposition, Richard Liu Qiangdong embarked on numerous ventures following his college career. Liu Qiandong attended the illustrious Renmin University of China, subsequently graduating with a degree in sociology. During this juncture, Richard Liu Qiandong developed a vast skill set ranging from freelance coding to computer programming. Liu Qiangdong’s ability to digest the seemingly inscrutable dynamics of computer science enabled him to thrive in a digital capacity. While getting his foot in the door, Richard Liu Qiangdong took a job at JapanLife. This corporation promised ample opportunity, and Richard Liu Qiangdong quickly graduated to executive positions.
Two short years later, Richard Liu Qiangdong acted on his urge to pursue entrepreneurial endeavors. Before too long, Liu Qiangdong founded Jingdong, a Beijing-based shop offering magneto-optical products. Liu dedicated much of his time to fostering the growth of Jingdong, eventually expanding to 12 stores throughout China. Cut to 2003, and the SARS outbreak rendered Liu Qiangdong’s enterprise unprofitable. With no patrons or staff in his shop, Liu Qiangdong was forced to rework his business model. As a result, JD.com born. This e-commerce platform proved a suitable alternative, and Liu was even inspired to introduce electronics into his robust line of merchandise.
With JD.com steadily evolving, Richard Liu Qiangdong felt assured enough to cease the Jingdong business. Regarding recent developments, WeChat, a renowned Chinese multimedia software, acquired 15 percent of JD.com for a whopping $215 million. Liu Qiangdong agreed to the deal under one exception: WeChat regularly promote JD.com via their social networks. Given the billions of hits WeChat amasses a month, this was undoubtedly a sage business move on Liu’s part. These days, JD.com works in partnership with Farfetch, an online retail platform. In essence, the two enterprises combine forces to expand their influence throughout the Chinese market.
Chris Burch is the founder and current CEO of Burch Creative Capital, a firm that exists for the sole purpose of providing funding, advice, and supports for new businesses that have fresh ideas and inventions, all to augment their launch into the market. Chris Burch has a long history in business involving all areas through founding, acquisition, and development of multiple businesses and brands. From luxury resorts to prefabricated tiny homes, his preferred market area is in lifestyle-focused products and consumer experiences. Aside from corporate activities, he also leverages his businesses’ profits toward philanthropic activities around the world from hospitals to child welfare initiatives.
In an interview, Burch gave a bit of insight into how he does business and where the idea for Burch Creative Capital came from. He states that he is a very curious individual, who continuously studies the world around him. After succeeding in business as a young adult, he was inspired to assist other entrepreneurs with original ideas get started. While traveling around the Americas, Chris Burch tries to insure that he works with passionate people who are willing to go above and beyond to make ideas become reality. While he actively encourages others to pursue their passions and make their ideas a reality and bring them into the market, he does not encourage them to do so blindly as he states, “My advice is always to listen”. Burch also admits to having failed thousands of times, but to him each failure was a lesson that granted him new understanding which he could then use to try again.
Burch also talks about having to constantly be in the mind of the consumer, and he claims he does so more through gadgetry than software. However, he primarily utilizes his favorite gadgets to access online podcasts and audio books to keep up with, and ultimately better understand, his consumers, refer to (Chronicleweek.com).
In the end, he concludes that failure is an opportunity to gain better understanding of a process and then be able to use that understanding to do better the next time. He also states that he has no regrets, aside from the possibility that he may not have been as confident in his youth as he should have been. Now, with all his experiences and life lessons, he has the opportunity and ability to assist other young entrepreneurs to confidently enter the market through his firm, Burch Creative Capital, according to architecturaldigest.com.