Richard Liu Qiangdong, the billionaire founder of China’s e-commerce giant JD.com, said his company will “do the right thing [in] the right way” as the firm celebrates its 18th anniversary and amid increased regulatory scrutiny of the country’s Big Tech sector.
In a letter to investors published on Friday, Liu noted the transformation and rapid growth of the company in recent years, which has seen it pull off initial public offerings for its health and logistics units in the past 12 months and establish its 618 shopping festival as another key event in China’s competitive e-commerce landscape.