JD.com CEO shifts away from core business after US arrest

Editor | November 21, 2018 | World | No Comments

Hong Kong (CNN Business)One of China’s top tech billionaires is shifting away from managing his company’s core business, a few months after being arrested in the United States on suspicion of rape.

Richard Liu, the founder and chief executive of Chinese e-commerce company JD.com, said he will have a new focus going forward, handing responsibility for the company’s main business to other executives.

“For me, personally, I will focus more on new businesses,” Liu said on an earnings call this week. “For mature businesses, our team can handle that.”