Corporate governance and reform
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Liu Qiangdong in-depth response to the Jingdong share price trough, transparent and courageous to face the problem, is about to launch a comprehensive reform, Ali also ushered in the internal thinking trend
Liu's response to Jingdong's stock price demonstrated a high degree of transparency and determination, as he did not shy away from pointing out the company's problems in management and execution and stating that he was launching a comprehensive reform. In his post on the intranet, he deeply analyzed the problems within the company, including huge management, inefficiency, organizational bloat, etc. He frankly blamed himself but also expressed his determination not to lie flat. This attitude of facing the problem and rising to the challenge shows the commitment of a leader. In his response, Liu Qiangdong mentioned that the company will carry out personnel adjustments, especially the final elimination of senior management. He openly pointed out that high...