be_ixf;ym_202104 d_18; ct_50

Select Page

Coronavirus Drives Innovation — Watch This Tech Trend

Coronavirus Drives Innovation — Watch This Tech Trend

In 2003, a young Chinese entrepreneur, Liu Qiangdong, was operating 12 electronics stores in Beijing.

These stores sold high-quality disk drives to businesses and consumers.

That same year, the SARS epidemic arrived in China.

It was as viral as the coronavirus, but much more deadly.

Residents were ordered to shelter in place for at least a month. Businesses closed down. And Liu’s stores were facing bankruptcy.

He was forced to rethink his business model. Operating retail stores was too risky if a temporary shutdown could cost him his livelihood.

It was time to pivot to online sales.

In 2004, Liu launched, Inc.

Starting as only a disk drive store, it quickly diversified, selling electronics, mobile phones and computers to its tech-savvy consumers.

In just 15 years, has emerged as an e-commerce juggernaut with a $55 billion market cap.

It’s the second largest e-commerce platform in China behind Alibaba Group Holding Ltd.

Liu, once on the brink of bankruptcy, has a net worth of $12 billion.

The world is now facing a similar crisis.

As we’ve seen in the past, these complex problems accelerate the pace of innovation and lead to new businesses. has used the coronavirus crisis to launch drone delivery of pharmaceuticals, as well as hospital robots to move supplies and autonomous vehicle delivery.

In this week’s video, I highlight one tech trend to watch that will drive innovation when the crisis ends…


Ian King

Editor, Automatic Fortunes

Newsletter Sign Up




"I went all in with $310,000 and a year later, my portfolio was at $425,000. This I would have never accomplished with mutual funds, I will be following your research for the rest of my life thank you Paul and the team."

- Karl A.

"You told me to ignore the noise on Wall Street. And thanks to you, I started towards the end of 2016 with $200,000 in my account and I recently put in an extra $100,000. [As of February 2019] My account is worth $500,788! I would’ve missed out if I followed conventional wisdom."

- Helen C.

“Loving this. Should have started a long time ago.”

- Jay

Share This