One of China's biggest retailers is cutting executive pay to create a fund to help lower-level employees buy homes

One of China's biggest retailers is cutting executive pay to create a fund to help lower-level employees buy homes

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Liu Qiangdong, or Richard Liu, founder of China's ecommerce giant JD.com, speaking at an event in 2017. Visual China Group via Getty Images China's JD.com will cut the salaries of more than 2,000 senior leaders by up to 20%. The e-commerce titan will allocate $1.4 billion to help rank-and-file…

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