×

Founder of China's JD.com isn't worried about a potential US trade war

JD.com is one of China's biggest online retailers — second only to Alibaba. Much of the company's success can be attributed to billions of dollars worth of sales of imported goods, from appliances to electronics to apparel to groceries — many of them American.

But the company's billionaire founder, Richard Liu, isn't worried about the prospect of a trade war between the U.S. and China.

"I don't think Mr. Trump would be a big issue for JD.com because we mainly focus on bringing American goods into China, and I believe through cooperation both sides can benefit."

He added: "Technology will not be stopped."

While Liu wasn't concerned about potential changes in U.S. trade policy, he said, "now is the era of a global village, so I believe any major event happening in the world will affect other areas. So what happens in the United States will affect what China thinks."

Each year Liu visits the U.S., he notices different trends. In recent years, he said, it was augmented and virtual reality; now it's artificial intelligence and autonomous cars.

Lius is in San Francisco to meet with start-ups and look for investments in Western technology. According to Dealogic, tech companies are now the third most-likely target for Chinese investors.

After San Francisco, Liu heads to New York. Asked if he would follow the lead of Softbank's CEO Masoyoshi Son and meet with President-elect Donald Trump, he said: "Not this time."