JD.com founder Richard Liu taps a2 milk, Treasury Wine to rival Alibaba

JD.com founder Richard Liu taps a2 milk, Treasury Wine to rival Alibaba

Chinese billionaire Richard Liu, is hunting Australian companies to fuel the global expansion of his e-commerce website, JD.com, and take on Alibaba Group founder Jack Ma. Liu has partnered with ASX-listed companies including a2 Milk and Treasury Wine Estates to create an “Australian mall”, which will sell authentic Australian product to China’s fast growing middle class. JD.com, a Nasdaq-listed company with a market capitalisation of $US46 billion ($60 billion), is China’s second biggest online retailer behind Ma’s Alibaba.

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