www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Trendsetters

JD.com founder lines up next goal: beating Alibaba

(Agencies) Updated: 2014-06-19 11:14

JD.com founder lines up next goal: beating Alibaba

Richard Liu, CEO and founder of China's e-commerce company JD.com, rides an electric tricycle as he leaves a delivery station to deliver goods for customers to celebrate the anniversary of the founding of the company, in Beijing, June 16, 2014. [Photo/Agencies]

With an iron grip, JD.com Inc founder Richard Liu has dragged China's number two online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target - beating Jack Ma's Alibaba.

"The competition makes the two companies stronger," said Liu, a billionaire at 41. "I'm actually enjoying competing," the chief executive told Reuters in an interview.

On top of shares in a $37 billion company that mean he's now worth close to $8 billion, Liu still controls 84 percent of voting rights at JD.com. If that causes corporate governance concerns, it makes his resolve to take on his biggest competitor, the Alibaba Group Holding Ltd e-commerce juggernaut co-founded by Ma, all the more personal.

"He has this ambition to win... He says there's only number one, there's no number two," said Kathy Xu, founder and managing partner of Capital Today Group. Xu, one of China's most successful venture capitalists, put $10 million into JD.com in 2006: Her investment's now worth 110 times that amount.

Like Amazon.com Inc, JD.com has a logistics-focused e-commerce business. The company, whose delivery staff outnumber Alibaba's 22,000 employees, promises same-day delivery in 43 of China's biggest cities.

That sets it apart from Alibaba, which still depends on China's often unreliable postal infrastructure to get goods to its customers' doors as it accounts for about 80 percent of all e-commerce in China.

"It's who can give customers the best experience, they're the one who'll succeed and achieve ultimate victory," said Liu. According to iResearch, China's e-commerce market will grow nearly two-thirds to 4.45 trillion yuan ($717 billion) in 2017 from 1.84 trillion yuan in 2013.

Like Amazon in its early days, it could also take JD.com time to build a record of lasting profitability. In 2013, the company only scraped a net income of $36 million with the help of Chinese government subsidies, after total losses of more than $430 million for the two previous years.

As Alibaba lines up it own mammoth IPO, investors have instead focused on JD.com's outsized sales growth, with revenue tripling to 69.3 billion yuan ($11.2 billion) in 2013 from two years earlier. Also encouraged by its close ties with Chinese internet giant Tencent Holdings Ltd - Alibaba's arch-rival - investors have pushed JD.com's share price around a third higher since its initial public offering last month.

JD.com founder lines up next goal: beating Alibaba JD.com founder lines up next goal: beating Alibaba
JD.com moves to merge Tencent's e-commerce business Top 10 Chinese Internet firms eyeing IPOs in US

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 99久久www免费 | 点击进入不卡毛片免费观看 | 成年片免费网址网站 | 亚洲国产欧洲精品路线久久 | 黄色美女在线观看 | 久久成人精品 | 美女黄频免费看 | 在线视频区 | 午夜三级在线观看 | 国产美女做爰免费视 | 99久久精品免费观看国产 | 国产精品一二区 | 亚洲综合在线观看视频 | 久久久久久久亚洲精品一区 | 亚洲精品久久九九精品 | 国模肉肉人体大尺度啪啪 | 日韩美香港a一级毛片 | 久久精品亚洲一区二区 | 欧美一级特黄一片免费 | 最近中文字幕精彩视频 | 国产亚洲一区二区三区在线 | 一本一道久久综合狠狠老 | 免费看欧美成人性色生活片 | 亚洲七七久久精品中文国产 | 夜色成人免费观看 | a级国产乱理伦片在线观看 a级国产乱理伦片在线观看99 | 久综合 | 国产精品三级在线播放 | 韩国一级片在线观看 | 成人性动漫高清免费观看网址 | 免费视频毛片 | 国产青草| 国产真实孩交 | 亚洲国产欧美视频 | 99视频精品免视3 | 奇米5555 | 欧美一区二区三区在线观看 | 国产成人精品综合网站 | 日韩精品免费一区二区三区 | 国产美女无遮挡软件 | 欧美日韩精品在线视频 |