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A second JD.com insider said Liu was “lively” and highly motivated by competition. The person, who asked not to be named because of the risks of speaking publicly, added that Liu traveled a lot and his lifestyle was seen as “very luxurious” to staff. In July, he lost a court battle in Australia to keep his name out of a sexual assault trial in which a guest at a party Liu had hosted at his luxury Sydney home in late 2015 accused another guest of sexually assaulting her at a hotel.

Liu was not accused of wrongdoing, according to a court document, The defendant was found guilty of seven offences, A China-based venture capital manager who has dealt directly with Liu said that “there was nothing in his business dealings that would cause concern” but that Liu had “a high-profile private life.”, JD.com, backed by Walmart Inc (WMT.N), Alphabet Inc’s (GOOGL.O) Google, and China’s Tencent Holdings (0700.HK), did not respond to requests for comment on Liu, Liu could not immediately be pittsburgh pirates cufflinks and tie bar gift set reached..

The arrest does underscores a potential fault line in JD.com’s corporate governance. Liu owns a 16 percent stake in the company but controls 80 percent of the board vote, leaving investors with little say. There is also no clear successor to Liu, who is both chairman and chief executive, even as JD.com faces an escalating battle with Alibaba and has seen its shares fall 24 percent this year. The company posted a second quarter net loss in August. Liu has long fostered a reputation for good behavior, playing up JD.com’s tough stance on counterfeits. He has also said he enjoys hard work and dislikes relaxing too much, often working 16-hour days.

He has a sociology degree from Beijing’s prestigious Renmin University and is a delegate to the Chinese People’s Political Consultative Conference (CPPCC), an important advisory body to the government, The University of Minnesota said Liu pittsburgh pirates cufflinks and tie bar gift set was a student in its China-focused doctor of business administration program for senior executives, Liu said in January at the World Economic Forum in Davos that he enjoys swimming, fast walks and trips into China’s deserts, Once a year he dons a JD.com uniform and delivers packages himself..

WELLINGTON (Reuters) - Starbucks Corp (SBUX.O) will have a new partner in New Zealand after the license holder said it will not renew its two-decade-old deal in a region where an entrenched coffee culture has made it difficult for the world’s largest coffee chain to thrive. Fast-food group Restaurant Brands New Zealand Ltd (RBD.NZ) said in Monday it would let its license deal expire in October, though Starbucks would keep its doors open and frappuccinos flowing under a new licensee, Tahua Capital, which had acquired the license for a price of up to NZ$4.4 million ($2.9 million).

Restaurant Brands said in a statement the cafe chain was “becoming less relevant to the company’s overall direction” and that it intended to focus on its core business of quick-service restaurant brands such as KFC and Pizza Hut, “Starbucks has never delivered its expectation here,” said Brian Gaynor, head of Auckland-based Milford Asset Management, “They had aspirations for it a long pittsburgh pirates cufflinks and tie bar gift set time ago when they acquired it first, and it’s never been achieved because they’re up against local competition from either individual coffee shops or local chains.”..

New Zealand has a vibrant coffee scene that has created steep competition for major chains such as Starbucks, which first opened in the country in 1998. Small coffee shops selling single origin espresso and drip coffee abound, while national roasting chains such as Mojo Coffee and Fuel Coffee are ubiquitous, and even expanding into China. Starbucks encountered similar resistance in neighboring Australia where gourmet cafes have thrived in major cities such as Sydney and Melbourne since postwar Italian immigration introduced espresso to the nation in the 1950s.

A decade ago, Starbucks dramatically reduced its presence in Australia, closing 61 of its 85 coffee shops, It now has 34 shops in Sydney, Brisbane, the Gold Coast and Melbourne, Restaurant Brands said the exit from its Starbucks Coffee business, which contributes less than 4 percent of its total sales and profits, was expected to have an impact on the current year’s net profit, excluding non-trading items, of about NZ$1.3 million, It said Tahua Capital, which was established pittsburgh pirates cufflinks and tie bar gift set specifically to buy the assets of Starbucks New Zealand, would seek to secure leases for Restaurant Brands’ 22 Starbucks stores, and would employ all 300 current Starbucks employees..

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