JD.com founder Richard Liu to get US$273 million from the e-commerce giant’s first dividend since 2014 IPO
- The company has approved a special cash dividend of 63 US cents per ordinary share and US$1.26 per American depositary share, for a payout of US$2 billion
- JD.com’s first dividend payment since going public comes as many Chinese entrepreneurs and investors are looking to cash out in a volatile market
The Beijing-based e-commerce giant said on Wednesday that it has approved a special cash dividend of 63 US cents per ordinary share and US$1.26 per American depositary share. In total, dividend payouts will amount to about US$2 billion, the company said.
Liu, whose net worth is about US$13.7 billion, holds 433 million ordinary shares, 13.8 per cent of the total, according to JD.com’s 2021 financial filing. Walmart holds 289 million ordinary shares, a 9.3 per cent stake.
The dividend comes as many of China’s most successful investors and entrepreneurs seek to cash out on investments in an increasingly volatile market amid regulatory crackdowns and pandemic-fuelled economic headwinds.
“Our board’s approval of the special dividend reflects our confidence in the company’s long-term growth potential and strong balance sheet, which allow us to pay the dividend to shareholders, while maintaining financial and operational flexibility to continue to grow our business over the long term,” Liu said.
Liu also sold 3.8 million shares in JD Health last Friday and another 5 million shares on Tuesday, pulling in HK$440 million in total, according to corporate filings in Hong Kong.