Vijay Eswaran is the Executive Chairman of the QI Group, a Hong Kong-based company he co-founded in 1998. The multi-level marketing company grew to extraordinary heights; eventually, it became an e-commerce giant that included business in a variety of different niches. The include the likes of travel, media, telecommunications and luxury products. Furthermore, Vijay Eswaran and the QI Group has also dabbled in a number of corporate investments.
Over the past twenty or so years, the company has grown steadily, eventually netting Vijay Eswaran a net worth of over $500 million. He also serves as the university council chairman of Quest International University in Malaysia. Because of his business experience, he was invited to the World Economic Forum’s Annual Meeting in Davos. While there, Mr Eswaran took part in a panel discussion called ‘The Demographics of the Gig Economy,’ wherein he offered his thoughts on the subject; it was an interesting discussion and is somewhat newsworthy because of the still increasing amount of positions that are steadily moving online. Vijay Eswaran noted that millennials fit perfectly into the gig economy, which is why they’re the typical demographic for those working in that industry.
This is because, according to Mr. Eswaran, the majority aren’t looking for more typical nine to five positions. Instead, he says, they’re looking to have more control over their lives, making things such as freelancing much more attractive. It could also be noted that many millennials aren’t looking for the normal status symbols such as cars or homes; at least, they’re not looking for them anytime soon. Because of that, they’re focusing more on the likes of travel. With that in mind, the gig economy offers a lot more flexibility in terms of working times and remote work. According to Vijay Eswaran, this is why the demographic of the gig economy leans more towards that particular generation.
End Of Article