Richard Liu Qiangdong rose from the owner of a 4 square feet store to the CEO of his online business empire, JD.com. When he was starting in 1998, he gave his establishment the name Jingdong and his main goal at the time was to make money and take care of the costs of this ailing grandmother. He also did not intend to work in a government office and therefore being an entrepreneur was the profession he wanted to pursue.
Richard Liu is a college graduate with a sociology degree and also an EMBA. Prior to starting his own business, he worked as the Director of computers for 2 years in a health products company. Heas honed his skills in computer programming during his college years. His company Jingdong grew rapidly and they were 12 shops under his leadership by 2003.
The SARS pandemic in 2003 inconvenienced the sellers and buyers. Face to face interaction was a risk to catching the virus, therefore the workers in Richard Liu Qiangdong’s shops had to go home. In a meeting with managers to strategize the next move of the company, one of them suggested for an online shop because then the seller will not have to meet physically with the customers. JD.com was born out of this suggestion.
In 2004, the online business was not yet stable. Richard Liu compared his past model with this new one and realized that the online model had more benefits. There was improved customer experience, and the costs of the company logistics were lower. In this time, the online market was chaotic, and the existing online shops were selling customer fake products and the prices were exorbitant. Richard Liu Qiangdong did not want his company to be like the rest of them, which is the reason he would source for genuine products to sell to his customers.
When the online business kicked off, they were selling IT items, and mobile phones. Money was a constraint at this point, However, each year, Richard Liu added more products and in six years JD.com had stocked almost all types of consumer products. Currently, it has hired more than 167,000 people.
For details: www.forbes.com/profile/richard-liu/#291a7bfd2677
NexBank is a financial service company based out of Dallas, Texas. NexBank offers mortgage, commercial, and many other types of banking services. They provide their customers with customized services to fit their needs. They want to make sure they give their customers the best service they can. They take each customers needs and work with each individually. NexBank knows that treating their customers right is important.
NexBank Capital recently announced that they had completed a deal of over $50 million to certain investors. They are looking to use the money they made for purchases within the company. NexBank has gotten over $200 million in debt and equity thanks to this deal. It will not reach full maturity until September of 2027. The only agent for the private deal was Sandler O’Neill and Partners, L.P. The offer officially closed in September of 2017. The deal is not registered under the Securities Act so it can not be sold in the United States.
According to recouncil.com, the deal that NexBank has made is non-callable for five years. It has a fixed interest rate of a little over six percent. After five years the interest rate drops from being fixed rate to a floating rate. These notes have been a big step in making NexBank so successful. NexBank is very careful about who they make deals with because they want to make sure they take smart steps at keeping themselves successful.
NexBank has been operating since the early 1930’s. NexBank is FDIC insured. NexBank works hard to make sure they do what is best for their customers. They want to gain more customers so they make sure they always provide their customers with top notch service. NexBank has earned a great reputation in the time they have been open, and are trying to continue to make their name larger as years go on.
Many people who have knowledge about financial industry know Fortress Investment Group as an organization that has played a significant role in demonstrating how companies should register in the stock exchange. This remains to be one of the most renowned factor that brought the organization to international level. However, the company has been known for other important roles such as being the best entity in incorporating technology in asset Management Company.
The founder of Fortress Investment Group, Randal Nardone, wanted to start an organization that is different from other financial management companies in the industry. Most of the financial organizations operating at this period were not offering quality financial services because they had not incorporated any form of technology. This means that most of the services that the customers were getting were not commensurate with what they were paying.
Fortress Investment Group incorporated technology in activities with the sole aim of ensuring that the customers received quality services. The customer department was instituted with some of the most advanced technology such as modern consumers with management software that focused on ensuring that they were providing services to all the customers who were visiting the organization. The large number of the customers who were visiting the organization received immediate services. This was a different approach as compared to other organizations that were offering low quality services to their customers.
Technology was also incorporated with an aim of ensuring that the entity was able to understand the financial industry better. For example, it was difficult to conduct financial industry because not many companies were not able to determine the challenges facing the industry. One of the main purpose of technology was to help in performing financial forecasting, which would help the entity to minimize the losses.
Additionally, Fortress Investment Group wanted to operate efficiently than other financial industry that were spending much money in their operations which was minimizing their income. This explains why a significant number of asset managers in the industry were experiencing losses. However, incorporating technology helped the entity to operate efficiently. For example, the company could minimize the number of employees hence saving much money that could be used in other activities.
Learn More: www.inc.com/profile/fortress-investment-group
Never putting good money after bad, pays off..
Southridge Capital is a company of action, it’s a company that is known by its deeds. Since 1996, Southridge Capital has invested over $1.5 Billion into the growth of other public companies. Its dedication to helping all walks of life in the Financial world grow and become more innovative has been proven by their continuous Innovative Financial Solutions. The definition of “innovate” is to “create new ideas, and to have creative thinking”. This is the foundation that Southridge Capital has built its company’s success on.
In order to be successful both at creating innovative solutions that help other companies grow and also do not survive, but thrive in this industry at that caliber, you have to have a deep understanding and expertise of the marketplace. This is non-negotiable, you have to have a deep intuitive understanding of how to approach financial planning in an advantageous way. This is what Southridge continues to do, through curating and executive financial planning, consulting top financial companies on their portfolios and business models, which in return provide innovative solutions for its clients. You can visit LinkedIn to know more.
Every successful company follows the tune of a creative and talented music writer if you will. There is always the guy at the top who sets the tone or the pace for how that company will be run. He creates a set of moral or principles that, in their own way, guarantee success if they are followed. Stephen M. Hicks, founder of Southridge back in 1996, is responsible for this direction that the company follows for business development and execution. His clear experience in financial structuring, derivatives, risk arbitrage and investment banking has been the reason for this company’s success as a whole and through its employees. You can visit their Facebook page.
Mr. Hicks is a firm believer in learning and creating new ideas through experience and work. If you’re not doing it yourself then you are learning old ideas and methods. This strategy is what birthed the idea of Southridge Capital when he was working for a Hedge Fund in New York City. We could all take a page out of Mr. Hicks playbook, his principle alone is unprecedented. His philosophies are similar to learning how to recognize how your competition is playing and make sure you are smart enough to compensate for that. Check out citybizlist.com for more.
The government does not play fair in war. They are not above lying and cheating in any confrontation. -Stephen Hicks
According to PRNewswire, NextBank Capital, Inc., which is a Dallas-based financial services firm announced the efficacious completion of the oversubscribed private placement of its senior and unsecured notes. The company also managed to reopen their initial offering by an additional amount of $80 million. This gave a total issuance of $155 million. The notes will bear interest at a constant rate of 5.50% for the next five years. Also, the floating rate is based on how it will spread within the three month LIBOR while using 435.5 basis points. Additionally, the notes were assigned the investment grade rating of the BBB that have a stability outlook.
NextBank Company plans to use the earnings of their offering to repay some debt they have, as well increase their general corporate purpose. The oversubscribed placement illustrates that there is still continued confidence that investors have with NexBank. The funds will help the company with the fortification of the capital balance sheet, and at the same time allow the company to increase its earning. Furthermore, the CEO of NextBank, John Holt, believes that the firm has an excellent record in financial stability and strength. The Nextbank Company has the selective approach that helped it achieved business growth. The CEO also agree that they are contented to have the BBB rating done by Kroll Bond Rating Agency. This has validated the company with high financial performance and excellent credit quality.
NextBank has significantly continued to attract a substantial capital from a wide range of institutional investors. The capital has helped the company to deliver on its strategies and core businesses. NexBank has managed to raise more than $200 million of debt and equity over the last 12 months. The funds were necessary for the continuation of the company’s objective of organic growth.
In December 2016, NexBank had assets worth $4.6 billion. This has enabled it to deliver services to mortgage banking, commercial banking, middle-market companies, and real estate investors. Regarding leadership, the company’s executive management team can combine all the industry expertise and at the same time focus on good service delivery to its esteemed clients. The management team is good at providing leading financial services to individual customers, corporates, and institutions. The executive team is led by Mr. James Dondero, the Chairman, President, and Co-Founder of Highland Capital Management Company.