JD.com’s Story Before Its Fame and Success

An online retail company in China commonly referred to as Jingdong (its former name that became very popular) or its official name, JD.com, is becoming very popular around the world and there is a very good reason for that.JD.com is a massive success, and the retail platform, founded by the technology enthusiast Richard Liu Qiangdong, is taking over the retail market of China and expanding to other countries as well around Asia.Richard Liu became internationally known when his e-commerce brand grew to what is now a online company worth billions of dollars. It was founded as a solution for the retail industry of China, and it started becoming more and more popular as more customers started shopping through the website.

Jingdong has everything you could imagine a young tech lover would enjoy. The platform has tons of technological devices and new tech that has recently been released in the industry. They have computers, devices, robots, drones, tablets, and the list goes on. They also have expanded to other sectors as well, and the JD.com retail platform is becoming larger and larger with an ever-growing customer base.JD.com has a lot of influence on China as one of the biggest brands of its industry in the Asian country. Walmart and other business juggernauts have acquired shares of this growing business as well, believing that the popularity of the company will only continue to grow in the future.

The founder Richard Liu studied sociology at the Renmin University of China and became a formed sociologist, with little academic formation in business development.However, Richard Liu Qiangdong had an entrepreneurial personality, and he was always testing out different product ideas and seeing the reception of these ideas by the general public. JD.com started out as a company selling magneto-optical in 1998 and was formerly named Jingdong Century Trading Corporation before changing the name to 360buy.com and then changing again to its current business name: JD.com. There was also a period of time where the company went online as a site named JDlaser.com, which was in 2004.JD.com remains as one of the most successful retail business of the Chinese market and a business that is expanding fast to other nations as well.

Is the Economy Headed for a Fall?

On February 5, 2018, venture capitalist and entrepreneur Shervin Pishevar went on a Twitter rampage that spanned 21 hours and 50 tweets. This sudden appearance was not just surprising for its randomness – Pishevar had been largely absent from public life since stepping down from Investment company two months previously – but for what he had to say about the state and future of the economy.

Buckle-Up, It’s Going to Be a Bumpy Ride

According to Shervin Pishevar, the strong stock market and sudden rise of Bitcoin are headed for a fall. He doesn’t predict that the crash of the stock market will be sudden. He’s talking about an aggregate, overall decrease of about 6,000 by the end of the year. The crash of Bitcoin will be more sudden and dramatic, but it will be able to make a comeback.

Several of these prophecies have already come to pass, and some seem to be looming on the horizon even to those who are unfamiliar with the markets and economics. Most notable among those predictions is the fall of Facebook. which recently had the highest one day drop in value of any corporation in the history of the stock market.

Shervin Pishevar bases these predictions on several factors that have been creeping up for a while and will converge around the same time. One is the overvaluation of stocks and bonds, the other is the artificial inflation of Bitcopin’s value. When investors realize this, the sell-off will lead to problems. Pishevar believes that the electronic currency will drop between $2,000 – $5,000 in value, but slowly regain much of it over a 24-month period. He is less optimistic about a recovery for the stock market, which has been Bullish to an unprecedented level for a record run.

Whether you have faith in Shervin Pishevar’s predictions, there’s no denying that he has been an influential and prescient voice in economics and investment for some time. His past record and foresight speak for themselves. Given the unsustainable trajectory of the markets these days, maybe we should listen.

 

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