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Richard Liu: JD to Announce New Hotel Development Plan; Normal Biz Competition Shall Not Turn into Personal Grudges
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Richard Liu, Founder and Chairman of JD-SW (09618.HK)(JD.US), said at a JD wine tasting event that a new hotel development plan will be announced later, according to Securities Times. Liu believed that private enterprises should meet simply and practically, while all companies should compete where competition is warranted, and ultimately win consumers' trust based on their strategy, business model, value creation and reputation. He also argued that competitors should not become enemies, and there is neither reason nor necessity to transform normal business competition into personal grudges. Liu emphasized that he holds great respect for Wang Xing, Chairman of MEITUAN-W (03690.HK), and also highly appreciates Wang Puzhong, Senior Vice President of MEITUAN-W. AASTOCKS Financial News Website: www.aastocks.com |
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