JD.com Founder Richard Liu Unveils Bold Turnaround Plan, Eyes 2026 European Launch

JD.com Inc. (NASDAQ:JD) is one of the most active stocks to buy according to analysts. On June 18, Bloomberg reported that JD.com founder Richard Liu unveiled a bold turnaround plan for the online retailer, which he described as having experienced its darkest period in the past half-decade. During a rare news conference at JD’s Beijing headquarters on June 17, Liu, aged 52, admitted that the company lost its way since a 2020 government crackdown, allowing rivals like PDD Holdings Inc. (NASDAQ:PDD) to surge ahead.

He characterized the past 5 years as lost and lacking innovation and progress, deeming them the most unremarkable and least valuable five years in his entrepreneurial history. Liu’s turnaround strategy focuses on using JD’s extensive logistics network to expand into new markets, including food delivery and travel. In March, JD made an aggressive entry into China’s over $80 billion food delivery market, a domain previously dominated by Meituan (OTC:MPNGF) and Alibaba Group Holding Limited’s (NYSE:BABA) Ele.me.

JD.com Founder Richard Liu Unveils Bold Turnaround Plan, Eyes 2026 European Launch

A wide and imposing view of a supply chain distribution center, illustrating the company’s technology capabilities.

Beyond food delivery, JD also plans to challenge Meituan in the hotel and flight booking market by offering a 3 year membership program that waives commissions for hotels. Globally, JD aims to launch its e-commerce platform in Europe in 2026, having already spent 3 years building the necessary infrastructure there.

JD.com Inc. (NASDAQ:JD) operates as a supply chain-based technology and service provider in the People’s Republic of China. It has three segments: JD Retail, JD Logistics, and New Businesses.

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Disclosure: None. This article is originally published at Insider Monkey.