How Richard Liu Qiangdong Changed The Chinese Retail Industry

Richard Liu Qiangdong is a Chinese entrepreneur and executive in the retail industry. He founded which is China’s leading online retail company. He is also the chief executive officer. When he first established this company it had a single retail location in Beijing. It now sells products across virtually the entirety of China.

Richard Liu was born in Suqian, Jiangsu province. His parents were coal shippers who showed him the value of working hard and getting a good education. After completing his secondary education, Richard Liu Qiangdong attended The People’s University of China. He graduated with a bachelor’s degree in sociology. While he was a college student he also taught himself how to do computer coding.

His first job was at Japan Life which is a firm that provides nutritional supplements. He was able to leverage his computer coding skills at this company and climbed the ladder all the way up to the position of director of computers. Richard Liu Qiangdong left this company in 1998 so that he could become an entrepreneur. He started a company that sold computer parts.

His company eventually had several locations. However, the Chinese SARS outbreak was devasting to his business. Richard Liu decided to shift his company into being an online retailer. Over time he added other products to his website and it now sells a huge range of products. It is considered to be the Amazon of China.

Richard Liu Qiangdong introduced luxury goods to Chinese consumers. He forms partnerships with companies around the world who sell their products through When it comes to any product everything is authenticated to make sure it is the real deal and not a forgery, including luxury goods. People trust that anything they buy through is not a fraud.

His company can even sell products to people in remote villages, something no other online retail company in China can claim. In order to do so, Richard Liu has built warehouses all over China. He has also introduced technology such as drones to make deliveries to places that aren’t easily accessible by car. His company now operates the biggest drone fleet in the world.

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Jingdong free-range chicken program helps farmers

When Jingdong decided to venture into agriculture, they made one of the most unlikely choices. Not only did they choose an unlikely farming project (chicken farming,) but they also based it in one of the poorest regions in China. This is a county where people hardly think of farming, but the company chose to set up a 27-hacter farm there. Several years down the line, these choices are proving to be on point. They have helped to bring new solutions and ideas to farmers, especially those who prefer to keep free-range chicken.

Giving back to society

Through the chicken farms, the company is giving back to the society by ensuring that chicken farmers have better ways to run their farms. In addition to that, they are assisting them by giving out low-cost loans. There are more than 500 families that are benefiting from these farms, and the company says that these families are earning thousands every year. It is something that has improved the quality of their lives, especially when you remember the fact that the region had been ravaged by poverty before the farms were established. In addition to that, there are locals who get jobs from the farms such as providing maintenance services and growing vegetables.

A healthier and more ethical solution

Jingdong says that apart from providing food and jobs, the farms by the company have provided a healthier and more ethical way to rear chicken. For example, they pointed out that the norm has been battery farms where animals spend their lives caged in small units. Most of these units do not even have windows and therefore, they make life unbearable for the animals. In addition to that, such animals do not get the right nutrition because they are fed on artificial products. If you look at the free-range ones, you will notice that they are allowed to feed freely and naturally. says that they use special pedometers to feed each chicken. The goal is to make sure that every bird will be taking a million steps during the rearing process. It is a new approach that is changing the way farming is done in China and beyond.

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JD.Com’s JD AI Accelerator Program Empowers Tech Startups in China or JingDong, one of the largest e-commerce companies in China is now allowing AI startups to apply AI technology in the real world. The JD AI Accelerator was launched in August 2018 and now serves as an invaluable AI startups incubator at the stage where companies are still finding opportunities to prove their worth and be known.

In March 2019, launched its first-ever demo day that offers the accelerator’s introductory group of startups to show their projects. The first set of startups presented various tech businesses in different industries. This includes education, legal, healthcare, retail, and many more.

Some of the startups were integrated into’s everyday use. For example, the startup called FagouGou, worked closely with the legal team of to create advanced chatbot for businesses that require legal services and advice. FaGouGou is an Artificial Intelligence powered legal consultancy service.

The startup utilized’s AI algorithms, speech recognition technology, and legal databases. This question and answer platform have benefited various businessmen, partners, and entrepreneur. It offers them fast answers to their questions about corporate management, certifications, financing, labor issues, and a whole lot more.

This latest legal service offered by FagouGou in partnership with now plays a major role in addressing the needs of legal services in China because of the recent shortage of skilled and experienced lawyers in the Southeast Asian nation.

Through’s AI Accelerator program next generation of AI startups now has the opportunity to avail the company’s massive resources. This will also enable them to get a good start and have a higher chance to be successful in their venture.’s AI Accelerator program includes mentoring and training in research and development, product, management, and all other significant areas. It also offers technical support to startups like algorithms, APIs, and databases to improve their technologies.

Aside from those, startups are given access to JingDong’s opulent application scenarios in various aspects of their business. This includes human resources, retail, legal, logistics, and many others. The JD AI Accelerator program has 16 startups and is currently seeing over 80 percent successes from its participants.

GreenSky Scores With Credit Provider Partnership

The financial technology company GreenSky’s role is an intermediary between lenders and potential borrowers, typically consumers with strong credit wishing to make large home-improvement purchases. The company promotes its role in providing technology to banks and merchants enabling them to make loans to consumers for their remodeling, solar, and other projects. Recently, the platform has added elective medical procedures to its lending program. Federally-insured, federal and state-chartered financial institutions provide financing for the company’s credit programs. The company’s strong second quarter results are an indication of the importance and stability of its relationships with banks, home improvement enterprises, and health care providers.

Merging merchant base and technology equals growth

A September 2018 article in Forbes highlights a recent win for GreenSky as the company enters into a partnership with American Express. The credit card company’s established customers will boost its new partner’s reach significantly. American Express brings a more high-end merchant base, yet another growth dimension. The partnership benefits American Express as well because the company looks to attract more merchants, and now plans to market the technological offerings.

The number of merchants using the technology platform grew approximately 50 percent per year from 2015 through 2017. With American Express’ marketing efforts, this growth should continue.

EBITDA balancing act

Because of a slowing market for home projects, the financing platform has experienced a drop in transaction volume. During the years 2015 through 2017, transaction volume per merchant fell from approximately $409,000 to $346,000. Furthermore, analysts expect the volumes to continue to decline, reaching about $290,00 for 2020. Additionally, Forbes analysts project that the company will expand sales and marketing efforts, increasing costs. However, with the American Express partnership adding merchants to the platform, it is possible the drops in transactions will slow. Plus, American Express will provide efforts and opportunities for stabilization or growth with little effect on GreenSky’s operating costs.

Based in Atlanta, Georgia, and founded in 2006 GreenSky LLC is a financial technology company. The company offers a platform that allows consumers to finance big-ticket items such as furniture, replacement windows, and siding or elective medical procedures with a term, fixed-interest loan.

Jim Tananbaum Investor in Healthcare

Foresite Capital is a venture capital firm that assists future healthcare leaders to access capital. The firm has an interest in supporting both private and public healthcare companies that provide disruptive products and services to the general public. Jim Tananbaum founded the firm in the year 2011. Its offices are based in San Francisco and New York City.


Mindstrong Health is a startup company aimed at using smartphone technology to assist patients that suffer from neuropsychiatric disorders. The company’s management announced that the firm had received a Series-A round of funding of $14 million from Foresite Capital, ARCH Venture Partners, Optum Ventures and One Mind Brain Health Impact Fund. According to the company’s management, the funds will be used to develop a neurological-focused device.


According to Mindstrong Health CEO, this device will allow doctors to measure mental disorder objectively. Before the invention of the neurological device, doctors relied on subjective reports to analyze the state of mentally-ill patients. This gadget will be in a position examine the behavior and cognition of persons at a level that has been achieved before in this particular field. Mindstrong has developed an application that will be able to analyze a patient’s brain function through the patient’s patterns of typing and scrolling. Jim has supported this new invention by Mindstrong Health.


Jim Tananbaum Career Journey


Jim is the founder and CEO of Foresite Capital. Jim is responsible for developing the company’s organizational structure and investment strategy. The company has a capital base of $1.1 billion in assets. He has been in the healthcare business for more than 25 years. During this time he has facilitated formation and growth of many healthcare franchises.


Before starting Foresite Capital, Jim Tananbaum had also helped in the founding of two biopharmaceutical companies and two healthcare investment companies. Upon finishing Harvard Medical School, Jim founded GelTex Pharmaceuticals. This company performed well since it was able to purchase two drugs in the market. Jim was also the founder and CEO of Theravance, Inc (NASDAQ: THRX). Jim is also credited for founding Prospect Venture Partners II and III. Tananbaum was also the partner at Sierra Ventures.


Check out Foresite Capital’s Facebook page here.

Highland Capital

Highland Capital: Benefits Of Choosing Professional Investment Service


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