Liu will give away about 62.4 million Magnificence B peculiar JD stocks, the corporate disclosed in a submitting, with out specifying the third-party basis receiving the donation.
American depository stocks in JD, every representing two peculiar stocks of the corporate, closed at $75.08 on Tuesday and have been ultimate buying and selling down just about 1.9% on Wednesday.
Different large Chinese language tech leaders who’ve ramped up charitable donations amid the federal government crackdown come with ByteDance founder Zhang Yiming, who pledged 500 million yuan ($78.61 million) to the Chinese language town of Longyan for training.
In line with a submitting in June ultimate 12 months, meals supply massive Meituan’s founder and leader govt, Wang Xing, stated he would donate stocks value about $2.27 billion to his non-public charity.
