Produced by: MOS Video Department
From the end of April to the beginning of May, Liu Qiangdong sold about 376 million Yuan worth of shares in JD Health. On June 17th, he further reduced 1.871 billion Yuan worth of shares in JD.com. In addition, according to a document submitted to the U.S. SEC by JD.com on June 19th, Liu Qiangdong sold 4.5 million ADS on June 17th. With the closing price of $62.01/ADS for JD.com’s stock on the U.S. market on June 16th, Liu Qiangdong received $279 million. Previously, Max Smart Limited, owned entirely by Liu Qiangdong, sold JD.com stocks in several batches between May 23rd and June 16th, reducing its 11.11 million ADS shares in total and cashing out about $653 million. Since Liu Qiangdong continued to cash out his stocks after stepping down as JD’s CEO, the news immediately hit the hot search topic on Weibo. Outsiders speculate that he may be trying to escape confiscation of his property before the Chinese Communist Party’s 20th Congress by cashing out and preparing to flee.
Posted by: 雪梨