Chinese e-commerce group JD.com Inc. gave billionaire boss Richard Liu options to buy 2% stakes in its health and logistics units, an award that could enable him to accumulate holdings worth more than $1 billion.
In an earnings report Monday, JD said Mr. Liu was granted options for shares in the two subsidiaries, which vest over six years. Mr. Liu, who is also known as Liu Qiangdong, is JD’s founder, chairman and chief executive.
“The…
This post first appeared on wsj.com
