Beijing | JD.com chairman Richard Liu has held on to control of at least two key subsidiaries of the e-commerce giant, even as he has spent the last few weeks giving up leadership positions on paper.
Liu’s retention of control suggests that key-man risks persist for JD.com, despite his announcement last year that he would loosen his grip on the company. Liu’s arrest on suspicion of rape in 2018 raised concerns that he held too much power under JD’s concentrated ownership and decision-making structure.
