Billionaire founder of JD.com steps down as CEO as Beijing’s crackdown continues https://www.cnbc.com/2022/04/07/jdcom-founder-richard-liu-steps-down-as-ceo-of-e-commerce-giant.html?__source=androidappshare
JD.com said Liu will focus on guiding the company’s long-term strategies, mentoring younger management, and contributing to the revitalization of rural areas — a key focus of Chinese President Xi Jinping’s “common prosperity” drive, the government’s push toward moderate wealth for all.
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