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0.0013123359580053 0.00198162729658797 0.00699912510936134 0.00809273840769914 0.0104986876640421 0.0230752405949258 0.0258114610673666 0.027668416447944
Stock impact report

JD’s Retail Chief Takes Lead as Billionaire Founder Recedes [Yahoo! Finance News]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
) --Over two decades, Richard Liu built a tiny suburban electronics outlet into China’s second largest e-commerce empire. Now, the billionaire entrepreneur is retreating from the spotlight and entrusting fast-rising lieutenant Xu Lei with steering JD.com Inc. through the greatest crisis since its founding.Liu is gradually ceding more control to Xu, who runs JD’s core retail operation and devised its answer to Alibaba Group Holding Ltd.’s widely celebrated Singles’ Day phenomenon. Xu has led JD’s delegation to Davos since 2019 and replaced Liu as head of a key subsidiary this month, burnishing his credentials as presumptive heir.In an exclusive interview, the 45-year-old sketched out how JD’s business withstood the initial shock of Covid-19 and where it plans to go in the future. In five years, the flagship JD.com website and platform should contribute less than half of the company’s revenue as consumers gravitate toward social media town squares like Tencent Holdings Ltd.’s WeChat. Xu Show less Read more
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