As JD CEO and founder faces public criticism, what’s next for China’s largest retailer?
Renewed rape allegations against Richard Liu, the founder and CEO of JD.com, China’s largest retailer and second-largest e-commerce operator, represent only the tip of the iceberg when it comes to the Chinese tech behemoth’s problems.
In 2018, Liu was arrested in Minneapolis, Minnesota, on suspicion of rape. He was not criminally charged, but the fallout of the highly publicized case contributed to a downward slide in the company’s share price.
On Tuesday, Liu faced renewed allegations as the alleged victim decided to pursue a lawsuit seeking damages of more than $50,000. The suit names JD as a defendant.
Get instant access to all our premium content, archives, newsletters, and online community.
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed