Despite all the trouble that JD CEO Liu Qiangdong got himself into last year, his company, although expected to come to naught (JD’s stock price fell by 40%), has prospered. Obviously, that does not refer to every aspect of every project, but overall figures present an impressive achievement. With a yearly operating income of 462 billion yuan, JD made it to the very apex of the Internet and technology section of the Chinese Fortune 500 list.
China’s e-commerce giant JD.com’s second-hand commodity trading platform “Paipai” will undergo a strategic merger with China’s largest electronic product recycling platform “Aihuishou”.
China’s second largest e-commerce company JD.com quietly closed down its office in Melbourne after a little over a year of operation, putting the company’s CEO Liu Qiangdong’s ambitious expansion plans into the southern hemisphere on hold.
Two edited surveillance videos of JD.com’s Richard Liu and his accuser Jingyao Liu were posted on Chinese social media Weibo on Apr. 22. It soon went viral and caused heated discussion in China. What the videos show seems to be unfavorable to Jingyao Liu, the Minnesota student who accused Richard Liu of battery and rape in a civil lawsuit.
Jingyao Liu, an undergraduate student at University of Minnesota, filed a civil lawsuit against Richard Liu and his company JD.com Inc. The lawsuit accused Richard Liu and JD.com of a total of six counts of false imprisonment, civil assault and battery, as well as sexual assault or battery.
Amazon will be exiting China and releasing an official statement on the matter this week, as insiders have told Chinese media. Actual date of disclosure is unknown.
“Those who fool around all day long are not my brothers! I am responsible for the 180,000 families behind the 180,000 brothers. So I cannot cover for those one percent who fool around, I have no choice!”
According to Forbes, a record number of Chinese investors, particularly women investors, have made Forbes’ 2019 Midas List.
JD.com, China’s leading technology driven e-commerce company and retail infrastructure service provider, announced its financial results for the forth quarter and full year of 2018.
