JD chief seeks to reassure investors

Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD, is struggling to reassure investors of his company's prospects after the online retailer posted weaker-than-expected third-quarter sales.

During his first investor conference call since his arrest in the United States on Tuesday, Liu said he would shift his focus to concentrate on strategy, team and culture and new businesses, letting his subordinates handle mature businesses.

"Personally, I will focus more on new businesses," Liu said. "For mature businesses, our team can handle that."