In a Form 144 submission to the Securities and Exchanges Commission (SEC), Richard Liu, the founder and former CEO of JD, announced plans to divest 800,000 American Depositary Shares (ADS). This transaction, facilitated through Fortune Rising, an affiliated company, corresponds to two regular shares per ADS. Based on the closing price of the previous day at the time of the document release, the shares are estimated to be valued at approximately $27.9 million. This transaction marks Richard Liu’s seventh public stock sale this year, following six previous sales involving 44,066 JD ADS, totaling approximately $1.85 million. [Sina, in Chinese]
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