Richard Liu (Liu Qiangdong), the founder of Jingdong, resigned as the legal representative, executive director, and general manager, according to data from Tianyancha.

Xu Lei, the CEO of Jingdong Retail, took over as the executive director, manager and legal representative. At the same time, Li Yayun withdrew from the position of supervisor and Miao Xiaohong took over.

Since this year, Liu Qiangdong has resigned as the legal representative, chairman, or other senior management of 46 companies, including JD Shuke, JD Logistics, and JD Cloud. But, he is still the legal representative of 33 companies, a shareholder in 30 companies, and 226 senior managers.

Richard Liu still has absolute control over Jingdong (JD.com).

According to the latest financial report, Mr. Liu holds 15.4% of the equity of JD group, which is the second-largest shareholder with 79% voting rights. Tencent’s Yellow River Investment is the largest shareholder with only 4.5% voting rights.

Jingdong annual active customer accounts increased by 18.6% to 362.0 million in 2019. Mobile monthly active users in December 2019 increased by 41%. Read JD highlights in 2019 here.

Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.

China’s top 100 richest are now worth $376 billion according to Forbes.

Top 10 Richest Chinese in 2014

1. Jack Ma, $19.5B, E-commerce
2. Robin Li $14.7B, internet search
3. Ma Huateng $14.4B, internet media
4. Wang Jianlin $13.2B, real estate
5. Li Hejun $13B, renewable energy
6. Zong Qinghou $11B, beverages
7. Wang Wenyin $10B, metal
8. Lei Jun $9.1B, smartphone
9. He Xiangjian $7.5B, appliances
10. Liu Qiangdong $7.1B, e-commerce

Here is a comparison with Hurun’s Rich List 2014:

Read more: Top 10 Richest Chinese Women in 2014