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: 欧美一级毛片免费看 | 久久精品视频99精品视频150 | 在线视频亚洲欧美 | 久草最新在线 | 2020国产成人免费视频 | 亚洲国产天堂久久精品网 | 黄色影院在线 | 欧美亚洲国产视频 | 美女一丝不佳一级毛片香蕉 | 日韩一区二区三区在线 | 色综合在 | 夜夜躁狠狠躁日日躁2021 | 亚洲免费在线视频 | 免费国产成人α片 | 尤物tv已满18点击进入 | 67194成人手机在线 | 成人影院人人免费 | 91精品国产91久久久久久青草 | 久久久久久青草大香综合精品 | 精品欧美一区二区三区四区 | 欧美午夜视频一区二区三区 | 日本乱人伦片中文三区 | 韩国三级大全久久网站 | 欧美一级一片 | 手机午夜看片 | 国产伦精品一区二区三区无广告 | 国产情侣久久精品 | 欧美日韩一区二区三区视视频 | 三级网址免费 | 久久精品.com | 欧美一区二区三区不卡免费观看 | 美国做受三级的视频播放 | 亚洲精品一区二区中文 | 午夜免费69性视频爽爽爽 | 久久99热精品免费观看k影院 | 国产成年网站v片在线观看 国产成人aa在线视频 | 亚洲资源在线观看 | a级毛片视频免费观看 | a毛片全部播放免费视频完整18 | 91精品国产高清91久久久久久 | 精品国产一区二区三区不卡 |