Industry News
All Richard Liu News
Top stories summarized by our editors
Top stories summarized by our editors

JD.com names first president, CEO's role to shift

9/7/2021

Chinese e-commerce player JD.com has promoted Xu Lei, the executive who heads the company's retail division, to president. Naming the company's first president will allow CEO Richard Liu, who started the company in 2004 to sell electronics online, to ease off day-to-day operations to focus more on big-picture planning.

Why EPR policies are best way to solve plastic crisis

1/13/2021

Extended producer responsibility programs are the best answer to the growing plastic waste problem because they incentivize innovation that results in increased use of eco-friendly packaging material, write environmental researchers Meg Hassey, Richard Liu and Clare Auld-Brokish. Although it is promising that several states are expected to consider EPR legislation this year, effective implementation requires federal action, they argue.

Commentary: Tech, diversity key in helping junior lawyers

9/21/2020

Developing junior lawyers requires building technology skills among a wide range of business knowledge, along with such crucial factors as committing to diversity and providing individualized training, writes Richard Liu, a trainee solicitor in London. "Helping junior lawyers succeed means helping all junior lawyers succeed," and "[r]etaining diverse individuals is as important as recruiting them," Liu writes.

JD.com's increasing costs force logistics changes

4/22/2019

JD.com plans to do away with basic salaries for its in-house couriers and instead pay based on the number of packages they deliver. Richard Liu, the company's founder and chief executive, says the courier salary created a $420 million loss for the company in 2018, and if it continues to struggle financially, JD.com has "two years of runway left with its capital raised."

JD.com's increasing costs force logistics changes

4/16/2019

JD.com plans to do away with basic salaries for its in-house couriers and instead pay based on the number of packages they deliver. Richard Liu, the company's founder and chief executive, says the courier salary created a $420 million loss for the company in 2018, and if it continues to struggle financially, JD.com has "two years of runway left with its capital raised."

JD.com investing in a goal of 100% automation

5/11/2018

JD.com, one of the largest e-commerce companies in the world, has invested $4.5 billion into creating an artificial intelligence centre with a goal of 100% automation. Richard Liu, JD.com's founder, CEO and chairman, says he wants to remove people from his company.

JD.com investing in a goal of 100% automation

5/7/2018

JD.com, one of the largest e-commerce companies in the world, has invested $4.5 billion into creating an artificial intelligence centre with a goal of 100% automation. Richard Liu, JD.com's founder, CEO and chairman, says he wants to remove people from his company.

JD.com investing in a goal of 100% automation

5/3/2018

JD.com, one of the largest e-commerce companies in the world, has invested $4.5 billion into creating an artificial intelligence center with a goal of 100% automation. Richard Liu, JD.com's founder, CEO and chairman, says he wants to remove people from his company.

JD.com CEO: Protectionism makes US trade tougher

1/26/2018

Chinese companies are experiencing greater difficulties in getting their products to the US market, JD.com CEO Richard Liu said at the World Economic Forum in Switzerland. ""Chinese companies are finding it harder to go into the United States and I can feel the protectionism is quite serious there -- it's not a good thing," said Liu, whose e-commerce company is in the midst of a global expansion.

China's JD.com aims to recruit more British brands

6/8/2017

JD.com has become China's biggest online retailer with sales of high-quality goods and global brands, and founder and CEO Richard Liu is pushing to add more British brands to the mix. "Regardless of Brexit, we see huge opportunity to do more business with the UK and we hope this will speed up," said Liu, who plans to open an office in London soon.