JD.com Goes Public, and China Has a New Internet Billionaire

A pedestrian walks past an advertisement for online shopping site JD.com in Shanghai on June 8, 2013 Photograph by Imaginechina via AP Photo

China has a new Internet billionaire. Richard Qingdong Liu is the 41-year-old founder and chief executive of JD.com, a Beijing-based online retailer that is the closest thing to a Chinese version of Amazon.com. Nasdaq trading of the company’s shares started on Thursday, and by the end of the day JD.com’s stock price had jumped 10 percent. With the IPO, Liu’s net worth is more than $6 billion.

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