If you are a customer in China or a regular online shopper anywhere in the world, you might already know of JD.com, one of the leading e-commerce companies in the world. Even though the company primarily serves the customers in China, it has an international affiliate e-commerce platform as well to serve international customers. It is the first Chinese company to be listed for public trading at the New York Stock Exchange with the current market valuation exceeding over $65 billion. The founder and owner of the company, Richard Liu Qiangdong has amassed the fortune of nearly $12 billion with the success of his company, and it continues to grow as JD.com continues to grow and expand.
Today, the company has already extended its reach to many different countries and is setting up warehouses in those countries for easy reach to the customers there. Richard Liu Qiangdong feels that for any e-commerce company anywhere in the world, the prime focus should be having a customer-centric business model. The success of JD.com is also because of the same reason as Richard Liu from the very beginning, from the time he just owned a small shop in Beijing, focused on offering quality products at low prices to the customers. He also ensured that he provides reliable after-sale services as well, which is a key component of the overall customer service business should provide.
JD.com has become an inspiring name in the e-commerce sector in China and abroad, and has helped many entrepreneurs to take their business and ideas online following the same footsteps as Richard Liu Qiangdong. Richard Liu Qiangdong is hard working, and even though he is the CEO of the largest e-commerce company in the world, he works twice as hard as his employees. He is well respected because he is always helping out his team to create winning strategies. He is also not afraid to take risks with new technology if it will help the company provide better services to its customers. The company also lends its technology for different charity uses and to help the community in different ways.
Shervin Pishevar stands out as one of the most respected venture capitalists in Silicon Valley, California. He is the co-founder of Virgin Hyperloop One and Sherpa Capital (which he recently resigned from due to legal matters). He is one of the key people to see Silicon Valley become the center for tech innovation and development it is today.
After keeping off Twitter for a while, Shervin Pishevar came back on fire back in February 2018. He made 50, 21 hour-long tweets speaking about the future of the US economy, globalization and tech innovations. These are major fields that dictate the success of America and its potential for more growth.
Being an angel investor, one of the major topics that he talked about was startup companies and their future in Silicon Valley. Shervin Pishevar is keen to note that the Silicon Valley tech industry is somewhat monopolized by some major companies. Shervin says in one of his tweets that “As Silicon Valley monopoly on early stage has shifted abroad its empowered 5 US monopolies: Alphabet, Amazon, Apple, Facebook, and Microsoft.” Frankly, everybody knows these companies, and constantly uses their products. You might be surprised that cities are fighting for Amazon to come to their location. That is how big these companies have grown.
Unfortunately, the dominance of these companies in the market has made it almost impossible for startups to come up in Silicon Valley. Their immense power will continue to run for years to come just like they have been unless they are divided into small companies like the way Ma Bell was divided. Do note that these companies have immense power.
Shervin Pishevar describes this power in his tweets as “These Modern Ma Bells have much more power than Ma Bell ever did. Extreme amounts of power with access to data no sovereign has.” He goes further to say “They have power of a nation-state destroy vulnerable start-ups threatening their monopolies. They’ll use that great power overtly + covertly.” Needless to say, if something is not done about them, they will continue to run Silicon Valley for ages.