JD CEO Wants to Focus on ‘Other Bets’

JD.com (JD) CEO Richard Liu will focus more on overseeing the company’s new businesses while leaving his team to run more mature businesses. JD’s top executive’s decision to focus on overseeing new businesses suggests that efforts to diversify the company’s revenue streams are gaining momentum. JD currently generates the vast majority of its revenue from its core commerce business. But the company has sought to diversify, venturing into businesses such as financial services, cloud computing, and parcel delivery.