Liu Qiangdong reduces his holdings in JD stocks? The fact is, JD | Liu Qiangdong | Stocks
Recently, it was reported that JD Group Chairman Liu Qiangdong's affiliated company Fortune Rising has sold 800000 ADSs, with an estimated value of approximately $27.9 million based on the closing price on the day before the documents were released.
On June 30th, First Financial learned from insiders that Fortune Rising, which is an employee shareholding platform, had some employees reduce their holdings of some stocks before the closing of the trading window on June 30th, rather than Liu Qiangdong personally reducing his holdings.
Last year, Liu Qiangdong transferred his subsidiary shares multiple times to Miao Qin, Vice President of JD Group.
According to Tianyancha, on October 27th last year, Liu Qiangdong transferred his shares in Jiangsu Jingdong Bangneng Investment Management Co., Ltd. to Miao Qin, Vice President of JD.com Group. After the transfer is completed, Miao Qin holds 45% of the shares of Jiangsu Jingdong Bangneng Investment Management Co., Ltd., Li Yayun holds 30% of the shares, and Zhang Gui holds 20%.
On September 16th last year, JD.com Health announced on the Hong Kong Stock Exchange that in order to improve administrative efficiency, Liu Qiangdong had entered into an equity transfer agreement to transfer 45% of the equity held in Tianning, Suqian to Miao Qin. According to the new contract arrangement, the newly registered shareholders of Suqian Tianning are Mr. Miao Qin, Ms. Li Yayun, and Ms. Zhang Qian.
On September 16th of last year, JD Logistics announced that in order to improve administrative efficiency, Liu Qiangdong had entered into an equity transfer agreement, transferring 45% of his equity held in Xi'an JD to Miao Qin.
According to Tianyancha, Liu Qiangdong still serves as the chairman of JD Technology Holdings Co., Ltd., with a shareholding ratio of 8.86%.
From the perspective of JD Group's equity structure, Liu Qiangdong still controls JD.
In April of this year, the documents submitted by JD.com to the Hong Kong Stock Exchange showed the latest equity situation of JD.com. Among them, Liu Qiangdong holds over 400 million ordinary shares of JD, accounting for 12.7% of the shares and 73.9% of the total voting rights. Other JD executives Xu Lei, Xu Ran, and Zhang Gui hold less than 1% of the common circulating shares.
Compared to the previous year, Liu Qiangdong's holdings of stocks in 2022 have slightly declined. According to the 2021 JD Annual Report, Liu Qiangdong holds 13.8% of the total common stock and 76.1% of the total voting rights.
On February 3, 2021, JD.com announced that its Chairman, Liu Qiangdong, would donate 62376643 shares of Class B common stock to a third-party foundation for charitable purposes, and has submitted relevant documents to the US Securities and Exchange Commission. Based on JD's closing price of $73.2 per share on February 2nd, the donation is worth nearly 15 billion RMB.
From the perspective of enterprise development, Liu Qiangdong, who has retreated behind the scenes, is still leading JD's strategic direction. On April 7th last year, JD.com announced that Xu Lei, the CEO of the group, would be appointed as the CEO of JD.com, responsible for daily operational management and reporting to Liu Qiangdong, the Chairman of the JD.com Board of Directors. Liu Qiangdong will devote more energy to long-term strategic design, major strategic decision-making and deployment, cultivation of young leading talents, and rural revitalization. On May 11th this year, Xu Lei, former CEO of JD Group, resigned from the company due to personal reasons, and the position of CEO was taken over by Xu Ran, CFO of JD Group.
On November 22nd last year, Liu Qiangdong issued a letter to JD employees requesting adjustments to the remuneration of employees and executives. This is the first time in the past few years that JD.com has proposed a comprehensive salary reduction for executives. In addition, the "low price" strategy actively promoted by JD.com in the past six months is also led by Liu Qiangdong.