China’s JD.com complains of ‘serious’ US protectionism

The logo for JD.com Inc. is displayed on a pane of glass at the company's headquarters in Beijing, China, on Monday, Oct. 23, 2017. JD.com is China's second-largest online mall. Photographer: Qilai Shen/Bloomberg

DAVOS, Switzerland: The head of China's second-biggest e-commerce company, JD.com Inc, accused the United States on Jan 24 of practising "serious" protectionism against Chinese firms and said this would ultimately backfire on the world's largest economy. 

"Many friends from other countries discuss protectionism in China but I think things have completely reversed," JD.com Chairman and Chief Executive Richard Liu said at the World Economic Forum in Davos, Switzerland.