‘No way out’: JD.com founder Richard Liu warns staff not to ‘lie flat’ as China’s e-commerce incumbents fall behind PDD
In response, 50-year-old Liu, who helmed JD.com as CEO from its founding in 1998 until early 2022, agreed that the issues were real, but added that the firm still has a solid foundation to turn around and urged staff not to “lie flat”, or tang ping – a Chinese term that means refusing to work too…
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