JD.com has a new president
What: Xu Lei is the new president of JD.com and will lead the day-to-day operations of the company’s various business units. He has been replaced as CEO of JD Retail by Xin Liujin.
Why it is important: The changes allow more time to be devoted to formulating long-term strategies and contributing to the country’s call for revitalization of rural areas.
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