Caixin
Jun 27, 2022 08:06 PM
BUSINESS

After Stepping Back From JD.com, Richard Liu Sells Down His Stake

After recent share sales, JD.com founder Richard Liu now holds around a 10.9% stake in the e-commerce giant, according to Caixin’s calculations. Photo: VCG
After recent share sales, JD.com founder Richard Liu now holds around a 10.9% stake in the e-commerce giant, according to Caixin’s calculations. Photo: VCG

Richard Liu, founder and chairman of JD.com Inc., has been selling down his holdings in the Chinese e-commerce giant over the last month, cashing out about $932 million, exchange filings show.

The share sales are just the latest step Liu has taken over the last few years to distance himself from the company he founded. The moves coincide with a pending civil lawsuit in the United States against him and the company he founded that center on four-year-old rape accusations.

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