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Companies's Liu steps down from key subsidiary board

E-commerce group seeks to improve image after sexual assault lawsuit

Richard Liu, CEO and founder of, gestures before ringing the opening bell at the NASDAQ Market Site building at Times Square in New York in May 2014.   © Reuters

DALIAN, China -- Richard Liu, the embattled founder and CEO of China's No. 2 e-commerce company, has stepped down from the board of Beijing Jingdong Century Trade, a core subsidiary in the group, it was learned Saturday.

While Liu remains the CEO of the whole group, the move is seen as an attempt to turn around its image, which was tarnished after Liu was arrested in the U.S. in August 2018 on rape charges.

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