Tag Archives: Investment

JD.com unveils a Logistics Network for Its users

JD.com, a Chinese e-commerce company, announced that it is opening up a logistics network that will offer parcel delivery services across the country.The company has enabled the users of its app in Beijing, Guangzhou and Shanghai to send parcels around the cities and even across the whole country. The JD’s  new parcel service will see the company utilize its sophisticated technology and infrastructure to give its customers even more diverse services than it is currently offering in its an e-commerce platforms. It will also open up its infrastructure to other businesses, shippers and industries.

JD.com is planning to extend the new parcel service to cover sending and delivery of luxury items, high-end consumer electronics and other high value products. It is also working to enable both residential and business deliveries for customers around China.In a statement, Zhenhui Wang, JD Logistics CEO, said that the launch of the logistics is a big step towards utilizing the infrastructure the company has built over the years to offer a variety of services to their users.According to Jingdong data, the services will be majorly used by urban professionals who are in need of quick as well as reliable delivery. According to a recent survey, 74% of participants had a dire desire for same day, high-quality intra-city delivery service.

The service is still in its experimental stage and JD Logistics is figuring out the best way for customers to request pickups. It is doing that through user trials. Apparently, pickup requests are not limited to JD.com app users only. Customers can also request pickups through a JD Delivery program jdcom in WeChat as well as a JD “Delivery Team” in WeChat account. JD partnered with Tencent to offer the JD Delivery mini program in WeChat where shippers can request pickups. In addition, Tencent is in-charge of the JD Delivery mini program’s operation.In a statement, the company said that JD operates a countrywide sophisticated in-house logistics network capable of handling same day or next day order deliveries. Over 90% of orders can be delivered on the same or next day. This venture will make the company’s presence in China be felt even more.

Shervin Pishevar Foresees Dark Times Ahead for US Economy

In early February 2018, the US stock market experienced one of the most dramatic drops it has seen in recent times. This led to Shervin Pishevar letting loose a Twitter storm that lasted 21 hours and predicted some dark times ahead for the economy of the United States. He feels that in the months to come the stock market will go down another 6,000 points.

 

Shervin Pishevar is a philanthropist, investor, and entrepreneur. He made his fortune by investing early in Uber. Other companies he has invested in include Munchery, Airbnb, Tumblr, and Warby Parker. The US government chose him as an Outstanding American by Choice back in 2012. He is of Iranian decent. In the year 2015, he was appointed to the J. William Fulbright Foreign Scholarship Board by the then president of the United States. In addition to his experience, it seems that Shervin Pishevar is pretty good at foreseeing the future. He correctly anticipated the crisis Facebook would go through.

 

One of the points that Shervin Pishevar mentioned in his tweet rant had to do with the fact that Silicon Valley has lost its exclusivity. That’s not really a bad thing, but it is not something that is good for short-term economic growth in the United States. The strongholds on ideas and talent that Silicon Valley once possessed are no longer something to be relied on. The United States no longer has a monopoly on the entrepreneurial spirit and the backing for startups. Talented immigrants no longer need to come to the United States to get their ideas going. He cites an example of a team building a train station in China in under 10 hours.

 

Shervin Pishevar did mention some companies that he feels will inspire good work. Out of the decaying infrastructure of the United States, he feels that there are some moonshots that will inspire hope. One he mentioned is Virgin Hyperloop. Of course, this should be taken with a grain of salt considering he is one of the co-founders of this company. In order to experience a global economy everyone can enjoy, he feels that middlemen need to become irrelevant.

 

http://www.businessinsider.sg/shervin-pishevar-strange-21-hour-tweet-storm-2018-2/