JD.com names Xu Lei as its first-ever president, founder to focus on long-term strategies

Photo: Reuters

China’s JD.com said on Monday Xu Lei will become the e-commerce giant’s first-ever president, making way for chief executive and founder Richard Liu to devote more time to formulating long-term strategies.

Lei, previously the CEO of JD Retail, will fill the new position and lead the day-to-day operation and development of JD.com’s various business units, the company said in a statement.

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