Liu Quingdong Has Made A Meaningful Impact On The Retail Sector Through His Innovation Commitment At JD.com
 
Sep 03, 2019
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In 1998, legendary Chinese entrepreneur Liu Quingdong founded the company that he has become synonymous with. This company, known as JD.com, experienced tremendous growth over its evolution as a company. What began as a store in the traditional brick and mortar style has evolved into the leading e-commerce retailer in the Chinese market. Under the guidance of Liu Quingdong, JD.com has also become the leader in innovation in the Chinese retail sector and one of the foremost leaders in this area globally. The humble business that Richard Liu began in 1998 is now one of the members of the prestigious Fortune Global 500. Beyond being China's biggest retail operation, JD is also the company that brings in the largest amount of online revenue in the market as well. Commitment to innovation has been a huge factor in this massive growth and success as well as the JD commitment to impressive levels of customer service that Richard Liu demands.

Richard was born in the town of Suquian which is located in the Jiangsu Province. His family was hard-working but of modest means. Richard excelled in his education and desired to attend college. In the end, he was able to do so with some critical support from the members of his village that wanted to see he provided with the opportunity to attend college. Richard attended China's Renmin University where he undertook a course of study in the Sociology major. After completing this course, Richard Liu went on to earn his EMBA Degree at the Business School at China Europe International.

The youth of Richard Liu was a time where China was experiencing some major changes. These changes included a massive restructuring of the economy that led to a lot of new opportunities for entrepreneurship. Richard was impressed by these changes and he was also inspired to make his mark. He founded a brick and mortar store, that eventually became JD.com, in 1998. It was in 2003 that an event occurred that would cause Richard to shift to focus at JD in a manner that would set the future course for the firm. This event was the SARS epidemic that terrorized China. This event had the effect of shutting down storefronts across the entirety of the country and causing businesses to grind to a halt. The citizens of China also stay indoors which added to the effect of business slowing to a crawl. Richard saw an opportunity and started to shift his business model to the online sphere. This was a formative change that helped to push JD.com to the next level. Since that time, Richard has fully committed to operating in the online sphere and has guided JD to a status of being one of the world's preeminent innovators in online sales and supply chains.

This impressive innovation campaign that JD has embarked on under the leadership of Liu Quingdong has had to effect of giving the firm the biggest and most sophisticated infrastructure network for the fulfilment of orders that any e-commerce firm has globally. The system of infrastructure parks that are run by JD is some of the most technological and automated facilities in the world of order fulfilment. One of the biggest projects that Richard and his team of supply chain experts are working on now is to continue to expand so that the JD supply chain becomes fully connected to the entire world. The goal is to make it possible to provide any product and brand to any consumer that wants it on a global basis. This is consistent with the kind of innovative work that Richard has demonstrated throughout his career.

 
 
From New York to Beijing in China with the surrealist art of Santiago Ribeiro
 
Aug 07, 2019
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Beijing, China --( ASIA TODAY )-- The Portuguese surrealist artist Santiago Ribeiro continues his unstoppable international tour. This time his art debuts in Beijing, China.

The International Exhibition of Contemporary Art "Art Weeks in China" will be the next destination to show Santiago Ribeiro´s art after shows his work in Artifact art space in the center of New York in Manhattan in a very nice exhibition.

Artists from various countries take part in the exhibition. The program aims to familiarize residents of the People’s Republic of China with modern trends in the visual and decorative arts. The project is carried out in preparation for the World Art Forum "ART-GEOGRAPHY", which will feature works by artists on the theme «My country».

Industrial of Apples is the title of the oil painting present in China, traveling, this painting, from Portugal to the cities of Belgrade, then to St. Petersburg in Russia and now to Beijing.

The Portuguese surrealist painter has been dedicated to promoting Surrealism of the 21st century, through exhibitions presented over the last 10 years in various parts of the world.

Ribeiro's art has passed several times through many cities and countries such as Berlin, Moscow, New York, Dallas, Los Angeles, Mississippi, Warsaw, St. Petersburg, Nantes, Paris, London, Florence, Madrid, Granada, Barcelona, Lisbon, Belgrade, Monte Negro, Romania, Japan, Taiwan and Brazil and many cities in Portugal.

The International Exhibition of Contemporary Art "Art Week in China" is organized by the Eurasian Art Union, the World Foundation for the Arts and the Russian Cultural Center in Beijing.

Dates of the Art Week in China (Beijing): from August 23 to August 28, 2019
Vernissage (Opening Day): August 23, 2019, 17.00

Exhibition address: PRC, Beijing, Dongcheng District, Dongzhimen Nei, house 9 (NAGA), building 2 (北京市东城区东直门内大街9号院 (NAGA上院)2号)

Contact:
info@artweeks.cn
www.chinaartweek.com
Skype: Euroartweek, Whatsapp/Telegram: +7 985 4811118

 
 
China Continues Pro Globalization Efforts despite Global Policy Change
 
Feb 08, 2017
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China is continuing pro-globalization efforts despite global policy changes, notably in the White House. Let’s look at what China has done to improve its global ties politically and economically over the past few years and it’s positioning for continued growth and domination in the years to come.

China’s Expanding African Influence

China has made significant inroads into Africa both in terms of trade and influence. For example, China’s import export bank gave over 62 billion dollars in loans to African nations between 2001 and 2010, 20% more than the World Bank did.

Around 22 billion dollars has been invested in Africa by China in natural resource extraction, power generation and infrastructure, with products like copper, oil and agricultural exports going back to China. The biggest investments have been in Angola, Sudan, Nigeria and South Africa. China is projected to become the biggest trading partner with Africa with an estimated 1.7 trillion in trade in 2030. It was 166 billion dollars in 2014. The relationship mirrors prior colonial patterns where Africa exports raw materials and receives mostly manufactured goods in exchange.

Online MBA learning resources help you to learn both the history of trade and development and the trends that are affecting international business today.

China's Growing Influence in Asia

The China-Pakistan Economic Corridor running from Gwadar in Pakistan to Xinjiang in China is supported by a 46 billion dollar agreement. This is just one case of China developing land-based trade routes and production facilities in Asia. China is building a new silk road through Central Asia to give it non-maritime trade routes to Europe and a new “maritime silk road” through Pakistan to reduce reliance on traditional sea lanes.

Japan is wary of China’s literal construction of islands to bolster claims to territorial waters and shipping lanes. Yet it entered a Yuan-Renminbi trading pact several years ago that lets the two nations trade directly instead of using American dollars as an intermediary currency. This pact was partially a hedge against American currency inflation and partially a step to improving trade between the two often hostile nations. China has also shifted from devaluing its currency to maximize exports to the U.S. to improve its trade volume with the rest of Asia. If you get an MBA online, you will better understand the economic factors behind currency valuations and government policies that partially determine the value of currency.

China has been expanding its influence globally for a number of years both to gain stronger dominance in key regions and improve its trade relationships with parts of the world the West has neglected. China is working most actively in Central Asia and southern Asia to dominate its part of the world and gain multiple trade routes with current major trading partners in the West. China has long set its trade policies to what was in China’s best interest, though it is criticizing the U.S. for finally doing the same. U.S. – Chinese trade is not likely to change dramatically, but China has already positioned itself to be less reliant on U.S. imports for its continued economic growth.

Photo credit / China Dialy

 
 
New Mobile App Helps Companies Overcome Language Barriers When Going Global
 
Jan 07, 2016
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Language: it is the hidden side of globalization, the less glamorous but often crucial piece of a company’s globalization strategy.

As companies like Huawei and Amazon gone global, they have relied more and more on localization companies to internationalize their products and services. In turn, localization companies have had to innovate the tools they use to accommodate this new demand.

Stepes, a chat-based messaging app, aims to give the localization and translation industry with a much-needed boost while making translation more accessible to both translators and businesses.

“Localization is so much more than translation,” explains Carl Yao, an executive vice president at CSOFT International, a localization company headquartered in Beijing and San Francisco. “That’s why we created Stepes, a mobile translation app that is the first to use a texting-based interface to help with localization.”

Stepes, mobile app works like this. First, a large translation project gets divided up into smaller components and given to individual translators. Companies can view the profiles and selected translation samples of all Stepes translators, who come from a worldwide pool of 50,000+ translators assembled by Stepes’ partner site, TermWiki.com.

Stepes – and the emergence of various online human translation services - represents a shift in strategy among businesses. Spurred on by globalization and slower domestic consumer spending, Asian companies and firms have sought to expand their global market shares. Going global however, requires translating all their products, interfaces, and websites into tens of different languages simultaneously. In particular, many companies looking to globalize are in the technology and e-commerce, raising new challenges like creating appealing product names, translating technical manuals, and constantly updating online content in several languages at once. As a result, the translation and localization industry is predicted to grow to $39 billion by 2018, and a large portion of that growth will come from Asian companies looking to expand globally.

“There’s incredible potential for innovation in localization right now,” said CSOFT’s Yao. “That’s why we need to be able to scale-up translation to meet globalization needs.”

Currently, there are only 250,000 professional translators worldwide for nearly 6,500 languages. The vast mismatch in the supply and demand for translation has resulted in much higher translation costs for businesses, slower turnaround time for projects, and a lack of coverage for lesser known languages. Traditional translation tools are usually desktop-based and require some technical knowledge of software, slowing down the translation process and also turning away many would-be translators.

Yet Yao notes that over half the world speaks at least two languages, if not more; that’s up to 3.65 billion people who have the potential to be translators, at least part time. Stepes targets these bilingual speakers and hopes that by providing free and easy to use translation tools directly through smartphones, more people will begin translating in their spare time. Collectively, even if each person only contributed a few sentences at a time, Yao believes that our translation capacity would still grow exponentially to meet true translation needs today.

Yao calls this expansion of our translation capacity a “big translation” approach. By harnessing the collective language talents of people around the world, he hopes to drive down translation costs for businesses while also empowering bilingual people to translate in their free time and earn money. In this way, Stepes users can “share” and pool language abilities that would otherwise have gone underutilized to tackle large translation projects for globalizing businesses.

Apps like AirBnB and Uber have already (successfully) tried this sharing economy model with travel accommodations and taxi rides. Could it work for translation? That is still unclear, but Stepes may be our best bet so far.

Written by Emily Feng