The latest moves came after Liu, 49, handed over his CEO role in April to long-time confidant and company veteran Xu Lei, in one of the entrepreneur's most high-profile steps to remove himself from the daily grind at JD.
According to the filings, the equities were transferred to Miao Qin, vice-president and head of JD's life and service business division, for 'administration efficiency purpose' because Liu, a non-executive director, was no longer involved in the day-to-day operations of JD, which made it difficult to arrange signing of corporate documents.ĭo you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.
