Category: financial firm

Jingdong Holds Successful Drone Test Flight In Indonesia

China’s biggest retailer, Jingdong, has had a successful delivery drone program in place in that nation for a while now. They are now embarking on offering drone delivery in Southeast Asia. the first step of JD.com’s plans began in Indonesia as that country has approved this company to fly drones there.

The team at JD.com successfully completed a test flight in Indonesia. The Indonesian government is now looking at approving future commercial drone use which will spread to other countries in the region, subject to further regulatory approvals. On hand for the test flight were that representatives from that country’s Transportation, Civil Aviation and Air Navigation department.

The Jingdong test flight occurred on January 8, 2019. It took place in West Java and the drone flew from Jagabita Village to MIS Nurul Falah Leles Elementary School. On board was backpacks and books for the students to use. These items were just some of the supplies that Jingdong had donated to this school. JD.com has offered philanthropic support in many of the areas in which it operates.

Jingdong has partnered with JD.ID in Indonesia. This partnership, formed in 2016, now sells over 1 million different items in that country and has 20 million active customers. There are 10 warehouses on seven of Indonesia’s islands that can provide goods to 6,500 counties and 483 cities. Drone delivery will really help in Indonesia which is a country made up of many islands which makes regular ground-based delivery difficult.

The eventual goal of JD.com is to have 85% of their packages be same or next-day delivery across Indonesia. The drones and services will also be used to help out in natural disasters such as an earthquake or tsunami. The Chief Strategy Officer at Jingdong, Jon Liao, said that they have used drones in China for the past two years and have seen just how much of a positive impact it has made in people’s lives.

JD.com had revenues of almost USD $56 billion in 2017. Now that they more than 300 million customers in China they have begun to expand their services into other countries in Asia.

Contact JD.com: www.jd.co.th/

GreenSky Credit Possibly Launching an IPO

David Zalik isn’t like many CEOs and that’s not a bad thing. You won’t find him speaking at conferences across the world. Instead, he spends his time serving as co-founder and CEO at GreenSky Credit. For nearly 10 years, this private company has not sought capital from outside investors. That being said, it appears that GreenSky Credit could soon be launching an IPO.

An IPO or initial public offering occurs when a company begins to sell company stock. The public is able to purchase shares of the company, giving them partial ownership. True to his nature, David Zalik isn’t trying to obtain attention from this situation. The Wall Street Journal even noted that the IPO was “filed confidentially.”

While an IPO is a great way for companies to increase funding, certain private businesses avoid going public. One reason for this is due to reporting concerns. After a private company goes public, they are required by law to issue quarterly and yearly financial reports. That being said, it doesn’t appear that financial reporting will be a problem for GreenSky Credit. This company reportedly received an initial IPO valuation of $5 billion.

GreenSky Credit focuses on combining technology with a great user experience. In turn, this enables businesses to better serve their customers by offering simple payment solutions. Considering that, many companies have successfully partnered with GreenSky Credit. This company has become one of the world’s largest financial tech companies. In fact, this company currently has over 12,000 active merchants and have funded over $12 billion in loans.

In closing, many within the investing world are learning that GreenSky Credit has filed for an IPO. However, the company does still have time to take back this offering. If this happens, the company would still remain private. Considering this company’s success, it’s likely many investors are eagerly waiting to buy up shares.

https://cardconnect.com/partner/greensky

Green Sky Credit And CEO David Zalik Weigh An IPO

If there is one thing GreenSky Credit CEO David Zalick understands, it would be how to build a successful company. He is a man of very simple taste: he only wants the best, and, naturally, he only does what is best for growing his company as well. Even though some of his strategies are anathema to normal business strategies, he is definitely a perfectionist, as seen in Greensky Credit’s recent decision whether to start an IPO. In considering an IPO, Zalick is yet again bucking the trend.

This is because companies often wait years before they consider an initial public offering. Companies such as Uber and eBay were perfectly happy improving their balance sheets and growing their company first. Not GreenSky Credit however.

The greatest thing about Greensky would have to be the fact that they work directly with banks. While most independent companies against the banks, the magic of Green Sky would be the fact that they actually get all of their loans from deposit Rich Banks. Once you have considered this, you realize immediately why Greensky Credit is already considering initial public offering.

Another reason in part why this company is considering an initial public offering so soon would be David Zalik’s management style. When this company was much younger, this individual kept his ownership stake intact by borrowing 10 million dollars against some of his property assets. In this manner, he was able to grow his company. Moreover, his company did not raise outside capital until the eighth year they were in business.

One of the other reasons why David Zalik’s company continued to prosper was because once he did start raising money from outside sources he did not blow the money. He realizes that the culture of Silicon Valley is to give all of their employees a bunch of perks. He did not do that, and that is one of the main reasons why this company is ready for an IPO.

Inherent in David Zalik’s Life would be a sense of gratefulness and frugality. He realizes that money and success can be a fleeting thing, and in order to continue to grow this company he will have to work smarter than the competition.

https://resources.greenskycredit.com/healthcare/case-study-20-20-institute