Richard Liu has seen his wealth cut by more than half this year, dropping to $5.1 billion. The e-commerce site he founded and runs as chairman, JD.com, has been struggling to shift its strategy toward selling more discounted products amid the tepid recovery in China’s economy, and analysts say a turnaround is still nowhere in sight.
Chinese Billionaire Loses Half His Fortune This Year As His E-Commerce Stock Implodes
joeroot1207 October 20, 2023Books
stock implodes
https://www.forbes.com/sites/ywang/2023/10/18/richard-lius-fortune-drops-66-billion-as-woes-mount-for-jdcom/