JD.com founder Richard Liu trumpets ‘doing the right thing’ on anniversary as other tech tycoons continue to lay low

  • In a letter to investors Liu notes the transformation and rapid growth of the company
  • Liu’s comments come as many tech tycoons continue to lay low amid regulatory scrutiny

A JD.com unmanned distribution vehicle delivers goods in Beijing, China, in June. Photo: EPA-EFE

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.

Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.