Richard Liu Qiangdong Resigns as Chair of JD.com’s Fintech Subsidiary

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JD.com’s fintech subsidiary has just made key adjustments to its senior-most executives following the resignation of JD.com CEO Richard Liu Qiangdong.

Information from Chinese company database Qichacha (企查查) indicates that JD Shuxi Keji Konggu Co., Ltd. (京东数字科技控股有限公司) (JDD) has changed its industrial and commercial registration, following the resignation of Liu Qiangdong (刘强东) from the position of both legal representative and chair.

Liu is the CEO of JD.com, who was arrested in August 2018 in Minneapolis, Minnesota on suspicion of criminal sexual conduct, yet subsequently released without charge.

Chen Sheng (陈生) has replaced Liu as legal representative of JDD, while Yu Rui (余睿) has succeeded him as chairman.

JDD was first established in September 2012, and previously went by the name “JD Fi­nance” (京东金融). Its registered capital is 3.060813142 billion yuan, and Liu remains the largest shareholder with a 20.86% equity stake.

Chen Sheng is the second largest shareholder with an equity stake of 9.95%.

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