Richard Liu, founder and chief executive officer of JD.com.
Billy H.C. Kwok | Bloomberg | Getty Images
GUANGZHOU, China — JD.com’s founder and CEO Richard Liu is stepping back from day-to-day operations while the Chinese e-commerce giant said it has created a new president role.
Xu Lei, who was previously CEO of JD Retail, will take up the role of president and take over day-to-day operations of JD.com and collaborative development of various business units of the company.
Meanwhile, Liu will remain chairman and CEO but will switch focus to formulating the e-commerce giant’s long-term strategies, mentoring younger management and “contributing to the revitalization of rural areas,” the…