Alibaba is changing the leadership of its core e-commerce business for at least the second time this year, as the sprawling giant contends with slower growth amid rising competition.
“We must change, otherwise there is really no way out for us,” wrote Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com, in a company discussion board.
The billionaire founder of Chinese online shopping giant JD.com is rallying the troops and calling for change at his company, even as he blamed himself for “mismanagement.”