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.