Liu will give away about 62.4 million Class B ordinary JD shares, the company disclosed in a filing, without specifying the third-party foundation receiving the donation.
American depository shares in JD, each representing two ordinary shares of the company, closed at $75.08 on Tuesday and were last trading down nearly 1.9% on Wednesday.
Other big Chinese tech leaders who have ramped up charitable donations amid the government crackdown include ByteDance founder Zhang Yiming, who pledged 500 million yuan ($78.61 million) to the Chinese city of Longyan for education.
According to a filing in June last year, food delivery giant Meituan’s founder and chief executive, Wang Xing, said he would donate shares worth about $2.27 billion to his personal charity.
