Category Archives: Busines

Richard Liu Qiangdong Success As A Chinese Entrepreneur

A prominent name in the Chinese e-commerce industry, Richard Liu Qiangdong is the brains behind JD.com. Before developing this wildly popular shopping platform, Liu Qiangdong was a budding entrepreneur attempting to get his foot in the door. During his collegiate studies, Liu Qiangdong honed his skills in sociology, computer programming, and freelance coding. His expertise in each field enabled him to turn a merchandise store into a profitable online domain. In 1998, two years after graduating from the Renmin University of China, Richard Liu Qiangdong pioneered Jingdong, a shop offering magneto-optical products and services.

Though Liu Qiangdong’s enterprise found success in Chinese markets, this triumph was short-lived. After the SARS outbreak afflicted China in 2003, Jingdong came to a standstill. With no patrons occupying the store and no staff to run it, Liu Qiangdong was forced to pursue a different avenue if he wanted his organization to thrive. Employing the skills he’d acquired in college, Richard Liu Qiangdong modified his shop into an online platform and dubbed it JD.com. The outpouring of public support he received was overwhelming, and Richard Liu Qiangdong was happy to once again be governing profitable enterprise. Currently, JD.com is reported to be worth $57.6 billion.

With that said, it comes as no surprise that organizations are keen to forge business relationship with Richard Liu Qiangdong. WeChat, a well-known multimedia outlet, is one such company. Richard Liu Qiangdong accepted the proposal, subsequently giving 15 percent of JD.com to WeChat for a large sum of $215 million. In addition, Liu Qiangdong made regular promotion a part of the deal. Given WeChat’s substantial following, Liu Qiangdong knew this practice would bode well for sales. While JD.com continues to see record highs in sales and revenue, Alibaba, JD.com’s rival, seeks to usurp Richard Liu Qiangdong.

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Serge Belamant Take On Blockchain Technology And Its Implication

Net1 Technologies is proud to be the inventor of certain blockchain technologies in the world that has brought a shift in how things are done. In the world of finance, blockchain technology has aided financial transactions from happening in a safe and secure manner. In this modern age, it is possible to carry out a business using the credit or debit card. Trade operations have actually heightened even with the development of a universal debit card that can transact around the world.

Serge Belamant, noted that the Europay MasterCard Visa is a smart card that allows you to do business around the world so long as the card is acceptable at the entity you intend to engage with. It takes the form of a debit card, with a code or password that one needs to input in order to access particulars. The boon is that this blockchain technology is utterly secure encrypted and only authorized transactions can be processed.

The banking industry benefits from this technology as people do not necessarily have to queue at the banking halls to do business. On can access their account remotely; receive or make payment conveniently. It’s an apt way of doing financial transactions from various platforms including from a Point of Sale machine, at an ATM, online or at a financial institution. This electronic system has a biometric identifier through which one gets access from. If the personal data and sometimes thumbprint input is scanned and found correct, the transaction processing begins which can be done online or comfortably offline without ant computer connection. This technology has brought a revolution in the business world and is actually a trendy thing today.

About Serge Belamant

Serge Belamant is a technology expert who has helped many companies do smart card business using his inventions. He was a long-serving Chief Executive Officer at Net 1 UEPS Technologies for about 17 years and his tenure ended in 31st of May 2017. Serge Belamant has admirable expertise in artificial intelligence, biometrics, security, online and offline transaction system and also in operations research. He has worked at COPAC, Saswitch ATM network, MediKredit, Aplitec and the Control Data Corporation. He has an Information Technology and Management PhD.

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