JD.com founder donates US$2 billion to charity amid China’s tech crackdown

Richard Liu Qiangdong, founder and chief executive of Chinese e-commerce juggernaut JD.com, is giving more than US$2.2 billion in stock to charity, making him the latest Chinese tech billionaire to donate an unprecedented sum amid Beijing’s efforts to rein in the power of Big Tech and boost “common prosperity”.On Wednesday, the third day of China’s week-long Lunar New Year holiday, JD.com said in an filing to the US Securities and Exchange Commission that it has been notified by its chairman…

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