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Liu Qiangdong cashed out 6 billion, what is his intention? Female rich 560 million overseas to buy a house, or have a Jingdong background?

author:Shangguan News

Liu Qiangdong, who stepped down as CEO of JD.com Group, has recently appeared in public again due to the successive reduction of his holdings in listed companies.

According to data recently disclosed by the U.S. Securities and Exchange Commission, Liu Qiangdong reduced his holding of 4.5 million shares of JD.com's Class A ordinary shares on June 17, worth about $279 million, or about 1.871 billion yuan. Prior to this, Liu Qiangdong also reduced his holdings in JD.com shares through his controlled Max Smart Limited, reducing his holdings by 111 million shares in less than a month, about 653 million US dollars, or about 4.38 billion yuan.

In addition, Liu Qiangdong also reduced his holdings of JD Health by HK$440 million from the end of April to the beginning of May, which is about 380 million yuan.

After retreating to the second line, why did you cash out one after another? This may be related to JD.com's entry into the takeaway field. XIN Lijun, CEO of JD Retail, recently said that JD.com is studying the possibility of entering the takeaway field and has "considered and studied" the launch of on-demand takeaway services.

The reduction of holdings exceeded 6 billion

Following the reduction of JD Health's HK$440 million shares from the end of April to the beginning of May, Liu Qiangdong has recently reduced his holdings in JD.com shares.

According to data recently disclosed by the U.S. Securities and Exchange Commission, Liu Qiangdong reduced his holding of 4.5 million shares of JD.com's Class A ordinary shares on June 17, which is estimated at the price of June 16 to be worth $279 million, or about 1.871 billion yuan.

Liu Qiangdong cashed out 6 billion, what is his intention? Female rich 560 million overseas to buy a house, or have a Jingdong background?

Prior to June 17, the SEC also disclosed the reduction of shareholder Max Smart Limited. According to the data, since May 23, Max Smart Limited has successively reduced its holdings in U.S. jd.com shares, and as of June 16, in less than a month, it has reduced its holdings by 111 million shares, worth $653 million, or about 4.38 billion yuan.

Liu Qiangdong cashed out 6 billion, what is his intention? Female rich 560 million overseas to buy a house, or have a Jingdong background?

According to the IPO information of JD.com Group's Hong Kong stocks, Max Smart Limited is a British Virgin Islands company owned by Liu Qiangdong through trust benefits, and Liu Qiangdong is the sole director. Liu Qiangdong holds and controls 14,000,000 JD A ordinary shares and 421,507,423 JD B common shares in the form of American Depositary Shares through Max Smart Limited.

In addition, Fortune Rising Holdings Limited, of which Liu Qiangdong is the sole shareholder and sole director, holds 29,373,658 JD.com Class B ordinary shares.

According to the announcement at the time, Liu Qiangdong controlled 78.4% of JD.com's total voting rights, including 5.1% of the company's total voting rights exercised by Himone Rising Holdings Limited on behalf of Fortune Rising Holdings Limited.

According to the current data, after Liu Qiangdong stepped down as CEO of Jingdong Group, the total cash amount of Jingdong Health, JD.com and JD.com through Max Smart Limited reached 6.631 billion yuan.

Liu Qiangdong has retreated into the background

Liu Qiangdong has begun to retire behind the group as early as 2018, and then stepped down from JD Digital and JD Logistics, which are owned by JD.

On April 7 this year, JD Group announced that Xu Lei, president of JD Group, will succeed Liu Qiangdong as the chief executive officer (CEO) of JD Group. At the same time, Xu Lei will join the board of directors of JD Group as an executive director. Liu Qiangdong will continue to serve as the chairman of the board of directors and is committed to the company's long-term strategic design, major strategic decision-making and deployment, young leading talent training and rural revitalization.

Since 2021, Liu Qiangdong has successively stepped down as the legal representative, chairman and other senior executives of companies including JD Group, JD Digital, JD Logistics and other companies, including the president of JD Group.

In recent years, with the increasingly fierce competition in the Internet market, Internet bigwigs have retreated behind the scenes, and Internet giants such as Ma Yun, Huang Zheng, and Zhang Yiming have also resigned from the company.

Analysts pointed out that the resignation of the Ceo of the Internet tycoon is a "slow" thinking in the process of the rapid development of the Internet, and for Internet companies, reducing the impact of individuals on the company is actually an important measure to improve the company's structure. After retreating to the second line, Internet giants will focus more on corporate strategies to ensure that enterprises achieve long-term development.

Although he stepped down as ceo of JD.com, Liu Qiangdong still has control over JD.com. According to JD Group's 2021 annual report, as of March 31, 2022, Liu Qiangdong owned 3,487,275 American Depositary Shares held by Max Smart Limited (each representing two Class A common shares), equivalent to 6,974,550 Class A common shares. Fortune Rising Holdings Limited holds 19,873,672 Class B ordinary shares.

Mr. Liu controls approximately 76.1% of the total voting rights of the Company, including 3.5% of the total voting rights of the Company that he may have exercised on behalf of Fortune Rising Holdings Limited as at 31 March 2022.

JD.com wants to enter the takeaway platform?

After retreating to the second line, Liu Qiangdong successively reduced his holdings in a large number of ways, obviously not to improve his "life".

The major strategic decision-making deployment of Jingdong Group and the right to speak in long-term strategy are still mainly in the hands of Liu Qiangdong, and the recent announcement of Jingdong to enter the takeaway platform seems to explain the direction of Liu Qiangdong's reduction of capital investment.

A few days ago, Jingdong Retail CEO Xin Lijun said in an interview with the media that Jingdong is studying the possibility of entering the field of takeaway, and he said that he has "considered and studied" the launch of on-demand takeaway services. As for when to start vigorously promoting, Xin Lijun said, "It will depend on our capabilities and when we will be able to build a talent team." ”

Previously, it was reported that JD.com's catering takeaway business will choose to pilot in Zhengzhou, and Dada will be responsible for delivery. At present, the team has docked with local catering merchants to launch Jingdong takeaway. Regarding who fulfills the delivery, Xin Lijun said in an interview that JD.com's logistics subsidiary Dada Express has "strong capabilities" in same-city delivery, and the last mile transportation in the takeaway field is the key.

Takeaway is the "long slope" track in local life, the market size, penetration rate growth certainty is high, the current market has basically formed a meituan and hungry oligopoly situation, Jingdong wants to enter this track may not be simple.

According to the research of Tianfeng Securities, compared with the low-speed growth (about 10%) of the catering industry in the past ten years and the social zero, the takeaway market scale grew faster, reaching 50.3% in the initial stage of 2011-2016, and even in the growth stage of the gradually stable pattern of takeaway competition (oligopolies), the CAGR in the past 6 years from 2017 to 2021 still reached 33.9%, and the scale of the takeaway industry further rose to 811.7 billion yuan in 2021, and the penetration rate of the catering market was further pushed to 17%.

The penetration rate of takeaway users has also basically increased year by year, and the scale of takeaway users will reach 544 million in 2021, accounting for nearly 60% of the national population aged 15-60.

In 2017, meituan's market share surpassed that of Ele.me, and since then, the takeaway industry has gradually evolved into an oligopoly pattern with a market share of 7:3 between Meituan and Ele.me, and the market concentration is still rising, and meituan and competitors have opened up a large gap.

In the context of anti-monopoly in 2021, the "two choice one" open to give businesses the opportunity to choose equally, and the oligarchic competition is more intense, meituan as a large-flow, initially complete facilities, mature operation of the head platform, the competitive advantage is significant.

Analysts pointed out that in the current development of the takeaway industry gradually standardized, mature background, Jingdong to enter the field of takeaway, on the one hand, need long-term scale investment, in order to improve the takeaway delivery infrastructure, on the other hand, the Us group's current takeaway business has achieved profitability, JD.com's joining, will make the takeaway business more competitive.

560 million cash in full!

China's mysterious rich woman bought the top mansion in the Mediterranean

The internet's ability to make a fortune is also reflected in another thing.

According to CBN, L'Unione Sarda, a local media outlet in Sardinia, Italy, posted photos of a manor house and a transaction check on June 18, saying that a mysterious Chinese rich woman paid a one-time payment of 80 million euros (about 563 million yuan) to buy a local super mansion.

The check information showed that the mysterious rich man, named Nani Wang, did not use installment payments or buy in the name of an offshore company in the Cayman Islands to avoid taxes. On April 8 of this year, she deposited 80 million euros directly into a Swiss bank account of a US landlord.

The event attracted local attention in Sardinia because the mansion is known as one of the "Five High Haciendas of the Mediterranean", located in the famous emerald beach of Port Selvo, which was owned by the British tycoon Charles Kroll in the 1970s.

Covering 4 hectares, this mansion has 3 private beaches, 49 rooms, a cinema room, a helipad and a private swimming pool.

However, the Italian media did not know the specific identity of the mysterious rich woman, but only called her background "Chinese e-commerce giant", 33 years old, born in China's Jiangsu Province.

According to Tianyan, the head of JD Health (HK) Limited, a JD.com company established in Hong Kong in December 2018, is named Nani Wang, and the Bloomberg information query page also shows that the person named Nani Wang is a former board member of JD Health International Inc.

JD Health was listed in Hong Kong in 2020, but its prospectus "Board of Directors and Participating Parties" did not appear in Nani Wang's name.

Since there is no more information about Nani Wang in the public information, who the mysterious buyer of the Mediterranean super mansion is still a mystery.

Column Editor-in-Chief: Zhang Wu Text Editor: Lu Xiaochuan Caption Source: Visual China Image Editor: Yong Kai

Source: Author: Securities Times interface

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