Before the reduction, Liu QiangdongJingdongIt holds more than 12% of the shares and has more than 70% of the voting rights. It should be noted that this reduction will not affect his control over the company.
When Liu Qiangdong reduced his holdings last time, JD Health’s share price fell significantly. He sold about 5 million JD Health shares on May 3 at an average of HK$49 per share; on April 29, he sold 3.84 million JD Health shares at an average of HK$50.67 per share. After the news broke, at the close of trading on May 4, JD Health plummeted by nearly 13%.
Liu Qiangdong retired from behind the scenes in 2018, and then successively stepped down as legal representative, chairman or other executive positions of companies including JD Group, JD Digital, and JD Logistics.
According to incomplete statistics, in recent years, Liu Qiangdong has resigned from the executive positions of more than 200 Jingdong companies. During the period from 2018 to 2019, because the resignation was too frequent, it was even called the “resignation tide” by the outside world.
From capital to position, Liu Qiangdong seems to be “leaving” JD.com and handing over his position to the new “Number 1” Xu Lei. In September 2021 and April this year, Liu Qiangdong handed over the positions of president of JD.com and CEO of JD.com to Xu Lei, who was two years younger than him.
The outside world generally has doubts about whether Liu Qiangdong really decentralizes real power. However, at present, Liu Qiangdong still retains the most powerful position of Jingdong, the chairman of the board of directors of Jingdong Group.
For Xu Lei, if only from the capital level, his control over JD.com is still very small. The shareholder information disclosed in JD.com’s 2021 annual report shows that Xu Lei’s shareholding in JD.com is less than 1%, and he does not hold Class B shares with super voting rights.
However, the burden on Xu Lei’s shoulders was not light. Under the sluggish consumption, the order amount of JD. In this regard, Xu Lei also posted a message in the circle of friends, expressing his gratitude to customers, partners and colleagues, and said: This is the most difficult 618 in Jingdong’s 19 years, not perfect, but very satisfied.
When the growth of Internet giants peaked, JD.com’s e-commerce alone is not enough. Recently, the news that JD.com will enter the takeaway has spread like wildfire. On June 17, JD.com Retail CEO Xin Lijun said in an interview that JD.com is studying the possibility of entering the field of food delivery and has “considered and studied” the launch of an on-demand food delivery service. “As for when to start, it will depend on our capabilities and when we can build a talent team.”
Xin Lijun did not elaborate on his business plans in the interview, but he said that JD.com’s logistics subsidiary, Dada Express, has “strong capabilities” in intra-city delivery. In the food delivery space, last mile shipping is key.
According to a Latepost report, this business is promoted by the catering business department of JD.com. On June 7, JD.com officially established a new intra-city catering business department, which currently has about 10 people.
A JD.com person analyzed that he believes that the logic of JD.com’s takeout attempt is to attack and defend, “the main purpose is to defend and contain Meituan.” This is similar to the logic of Didi’s takeaway to attack Meituan for taxis. The person said that the difference is that JD.com’s investment and determination may not be as good as Didi’s back then.
The old business is growing slowly and the new business is not improving. Obviously, JD.com is currently in a “difficult” period.