Technology
JD.Com Founder's Iron Grip, Legal Woes Leave Investors in Dark
- Richard Liu controls 79% of voting shares, owns key assets
- Lack of a successor, ownership structure pose investor risks
JD.com CEO Richard Liu arrives in Beijing for the preliminary meeting of the first session of the 13th National Committee of the Chinese People’s Political Consultative Conference, on March 2, 2018.
Photographer: VCG/Visual China GroupThis article is for subscribers only.
Whenever a corporate leader faces claims of possible criminal wrongdoing, the ramifications are significant for employees, customers and shareholders.
All the more so in the case of Richard Liu, the founder, chief executive officer and chairman of JD.com Inc., who enjoys an iron grip over voting shares and the company’s board, and owns the strategic assets of China’s largest e-commerce company after Alibaba Group Holding Ltd.