In a letter to investors Liu notes the transformation and rapid growth of the company

Liu’s comments come as many tech tycoons continue to lay low amid regulatory scrutiny

Richard Liu Qiangdong, the billionaire founder of China’s e-commerce giant JD.com, said his company will “do the right thing [in] the right way” as the firm celebrates its 18th anniversary and amid increased regulatory scrutiny of the country’s Big Tech sector.