Richard Liu, founder of JD.com, has urged the company to focus on basics. Photo: AP
Richard Liu, founder of JD.com, has urged the company to focus on basics. Photo: AP
JD.com

Billionaire founder Richard Liu urges JD.com to cut prices as he is ready to let go 10 pct of executives, leaked speech shows

  • Liu said he intends to fire 10 per cent of vice presidents and 10 per cent of the company’s business directors by the end of this year
  • He was particularly unhappy about the retail sector with JD.com failing to match competitors on pricing, according to leaked speech

Richard Liu, founder of JD.com, has urged the company to focus on basics. Photo: AP
Richard Liu, founder of JD.com, has urged the company to focus on basics. Photo: AP
READ FULL ARTICLE