Lei Xu will become JD.com’s new president and be responsible for the company’s day-to-day operations.
Chinese tech giant JD.com has announced its founder Richard Liu will step down from running the company’s day-to-day operations to devote more time towards “formulating its long-term strategies”. Liu will also spend more time mentoring younger management and focusing on rural revitalisation, the company said in a statement. The switch in focus will see Liu renounce his president role, but he will retain his chairman and chief executive roles within the company. The president role will be filled by Lei Xu, who will be responsible for leading the company’s day-to-day operations and development of its various business units.
