JD - Why E-commerce Giant JD.Com Shares Are Falling Friday | Benzinga
JD.Com, Inc. (NASDAQ: JD) shares are trading lower after reports emerged regarding rumors that a businessman with the same surname as the company's chairman had been arrested.
The chairman of the Beijing-based E-commerce giant is Richard Liu.
JD.com has filed a police report concerning a rumor, as shared in an online statement on its Weibo account, which speculated about the arrest of a businessman surnamed Liu on suspicions of legal violations, according to a Bloomberg Full story available on Benzinga.com