JD.com (HKG:9618) founder Richard Liu Qiangdong called on its food delivery division to share profits with stakeholders should its margins top 5%, The Standard reported Tuesday.
Liu instructed the division to stick with profit-sharing to "restrict the desire to earn money," saying sanctions would be meted out if the profit margin exceeds the bar, the report said, citing a video.
The founder proposed JD.com will only keep 0.70 yuan out of 1 yuan of profit an leave the 0.30 yuan to partners. Half of the 0.70 yuan will be kept to the team and the other half for sustainable development, the report said.
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