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PDD's Rapid Rise Prompts Chinese Billionaire Richard Liu's Call For Change At JD.com

“We must change, otherwise there is really no way out for us,” wrote Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com, in a company discussion board. ....

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Chinese Food-Delivery Billionaire Wang Xing Suffers $6.6 Billion Wealth Plunge As Growth Wanes

The 44-year-old mogul still has a sizeable net worth of $9.3 billion, but he is having trouble convincing investors skeptical of the firm’s future outlook. ....

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JD.com shares fall 13%, hits record low; banks cut Q3 growth target on retail slowdown

JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China s main online shopping festival, Singles Day. ....

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