Richard Liu: The downfall of China’s Jeff Bezos

Richard Liu: The downfall of China’s Jeff Bezos

Some of China’s richest entrepreneurs have been booted out of their companies in the past two years as the Chinese government’s crackdown on tech barons gathers pace. The latest to join the throng, says Bloomberg, is Richard Liu, founder of JD.com, the country’s second-biggest ecommerce giant. He handed the reins to his rising lieutenant, Xu…