JD.com founder Richard Liu Qiangdong. Photo: Reuters
JD.com founder Richard Liu cashes out nearly US$1 billion from e-commerce giant after retreat from top job
- Liu has sold Nasdaq-listed JD.com stock and Hong Kong-listed JD Health shares worth a combined US$988 million since April
- Liu’s stock sales and retreat from a front-office role are in line with a technology sector trend amid months of regulatory scrutiny
JD.com founder Richard Liu Qiangdong. Photo: Reuters