After the "Mingzhou Incident" was exposed in 2018, Liu Qiangdong's reputation was greatly damaged, and he was almost absent from all major occasions, and the loss of resources was immeasurable, while JD.com's stock price also plummeted from $30 to $19.
Mingzhou Dagua directly affected JD.com's position in the capital market, investors have voted with their feet, large-scale selling of JD.com shares, and finally Liu Qiangdong's value has shrunk from 75 billion yuan in early 2018 to 30 billion.
Now that more than three years have passed since the Mingzhou incident, what does Jingdong and Liu Qiangdong look like after three years?
From the bright point of view, after the Mingzhou incident, Liu Qiangdong has gradually left the core of Jingdong and stepped down as the management of more than 50 affiliated enterprises, so on the surface, Jingdong has nothing to do with Liu Qiangdong.
But the situation is just the opposite, Liu Qiangdong is only back in the background, because some time ago, after Tencent reduced its 14.7% stake in JD.com, Liu Qiangdong became the largest shareholder of JD.com, holding 13.9% of the shares and having 76.9% of the voting rights.
Now Liu Qiangdong is the chairman and CEO of the board of directors of JD Group, although he has retreated behind the scenes, but the general direction of JD.com is still controlled by Liu Qiangdong, the main work is long-term strategic design, young CEO training and rural revitalization.
So under the control of Liu Qiangdong, how has JD.com done in the past three years?
The first is that on June 18, 2020, JD Group went to Hong Kong for the second listing, before which JD.com was listed on the NASDAQ Exchange in the United States in May 2014 and successfully went to Hong Kong for listing, which is also considered to be "homecoming"!
After landing on the Hong Kong stock market, JD.com's performance is also very eye-catching, from the market value of 736.8 billion Hong Kong dollars at that time to the current 952.5 billion Hong Kong dollars, at the same time, Liu Qiangdong's value has also increased to 135 billion, which is several times higher than after the Mingzhou incident.
At the end of 2020, JD Health, a subsidiary of JD.com, was listed on the main board of the Hong Kong Stock Exchange, and now the total market value of the company has reached HK$226.1 billion.
Another company, JD Logistics, was listed on the main board of the Hong Kong Stock Exchange in May 2021, and now the company also has a market capitalization of HK$165.4 billion, and the total market value of the two companies is close to HK$400 billion, which is equivalent to the size of half of JD.com.
In addition, There is the so-called "Little JD.com" Dada Group, which has also been listed on the U.S. stock market in June 2020, dada is the main body merged with JD.com, which is the largest shareholder of Dada, with a shareholding ratio of 47.5%.
Now Dada is a company with a total market value of about 2.6 billion US dollars, equivalent to a market value of 16.5 billion yuan, with the further expansion of the scale of JD.com in the future, Dada still has some room for growth.
The above is Liu Qiangdong's achievements in the past two years, although there is not much correlation on the surface, but the details can be seen that this is actually a game of chess laid by Liu Qiangdong for many years.
In fact, Liu Qiangdong's game of chess is not finished, because he still has three aces in his hand that have not been listed.
According to the list of "2021 Global Unicorn List" released by Hurun Research Institute, Jingdong has three unicorn companies, namely Jingdong Technology, Jingdong Production and Development and Jingdong Industrial Products.
The predecessor of Jingdong Technology is JD Digital, that is, JD Finance, and the report released by the Hurun Research Institute shows that Jingdong Technology is worth 200 billion yuan, ranking fourth in value among Chinese unicorn enterprises, after which the company has applied for listing on the Science and Technology Innovation Board, but regrettably terminated.
JD Production and Development and JD Industrial Products are also two developing enterprises with low value, the core business of JD Development is infrastructure assets, property management and comprehensive services, and JD Industrial Products is an e-commerce platform specializing in industrial products.
At present, the total valuation of the two companies is 47 billion yuan, and if you add the three companies that have already been listed and the unlisted unicorn Jingdong Technology, Liu Qiangdong has created a new JD.com scale.
With the future of the market value of these ace companies continue to grow, the market value of the parent company Jingdong will certainly rise, then Liu Qiangdong's value will naturally continue to increase, some netizens said that Liu Qiangdong is actually muffled and rich.
So does Liu Qiangdong have the opportunity to become the new richest man in the future, welcome to comment, like, share, and talk about your views.