Richard Liu
High-end yacht owners in China warn that water-use restrictions and other structural gaps are hindering industry growth, even as billionaire Richard Liu’s recent venture seeks to make yachts affordable for the masses.
Reported by AI
One day after officially launching Sea Expandary, JD.com founder Richard Liu signed a $723 million framework agreement with two Guangdong cities for R&D, manufacturing, and sales of affordable eco-friendly yachts targeting ordinary consumers.
March 08, 2026 13:36