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JD.com Founder Steps Back From CEO Role

Richard Liu, founder of JD.com | Source: Associated Press
Richard Liu, founder of JD.com, has stepped down as CEO. (Associated Press)

Liu Qiangdong, also known by the English name Richard Liu, has been replaced as the e-commerce firm’s chief executive by Xu Lei, effective immediately. Xu also replaced Liu as company president last September and will join JD.com’s board as an executive director.

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