Liu spent 2.7 billion yuan to buy the Cuigong Hotel, which has a history of more than 20 years. It is a five-star hotel integrating catering, accommodation, entertainment and office shopping. The renovation took several years. Moreover, this hotel has a good geographical location, magnificent interior decoration, elegant environment and complete facilities. Many office workers in Zhongguancun like to come to this business hotel. However, under this huge advantage, Cuigong Hotel closed down because of poor management.
When Liu bought this hotel, many people thought that they would do cross-bank catering. Xu Lei, the person in charge of JD.COM Mall, responded that he bought the hotel as the office space of JD.COM, which is also convenient for recruiting high-tech talents. Later, the plaque of Cuigong Hotel was changed to JD.COM Science and Technology Building. This building is located in the high-tech park, Zhongguancun is nearby, and there are eight famous schools around it. It is advantageous to land on the moon first, and JD.COM stands firm, which gives them a huge advantage in recruitment. From a long-term and development perspective, JD.COM has spent 2.7 billion yuan, which is very worthwhile.
If one person tells you that there is a future in this job and 99 people tell you that there is no future, then listen to the former. If 99 people tell you there is a future, and only one person says there is no future, then listen to the latter. People with foresight and unique vision can always find business opportunities one step ahead, and make admirable things in people's incomprehension. When the company lost 2.6 billion yuan, it did not hesitate to spend 2.7 billion yuan to buy the Cuigong Hotel, which proved Liu's courage and foresight.