JD Group announced on February 2 that it has received a notice from Liu Qiangdong, chairman of the board and chief executive officer, that he will donate 62,376,643 class B ordinary shares of the company to a third-party foundation for charitable purposes.
According to public information, as of the close of the US stock market on February 1, the stock price of JD Group was $75.08 per ADS, and the value of the donated shares exceeded $2.34 billion.
The donation will be mainly used for liu qiangdong's long-term attention to education, environmental protection and other social welfare undertakings.
As early as 2003, when Jingdong had only 38 employees in the early days of entrepreneurship, Liu Qiangdong led employees to sponsor 38 children to study in Jingle County, Shanxi. In February 2017, Liu Qiangdong donated more than 100 million yuan to Suqian City, Jiangsu Province, for local public welfare undertakings such as education, culture, pension and poverty alleviation; in June 2017, Liu Qiangdong donated 300 million yuan to Chinese University to set up the Chinese Min University Jingdong Fund; in April 2018, he donated 200 million yuan to Tsinghua University to support the construction and development of Tsinghua University Schwarzman College and Tsinghua University Global Competency 6 Development Guidance Center.
