JD.com names Lei Xu as new CEO
JD.com (NASDAQ:JD) has appointed Mr. Lei Xu, president of JD.com as the CEO of the Company to succeed Mr. Richard Liu. 
Mr. Lei Xu will also join the company's boardÂ  as an executive director.
 All these appointments are effective immediately. 
Mr. Richard Liu will remain as the chairman of the board and continue to focus on guiding the Company's long-term strategies, mentoring younger management, and contributing to the revitalization of rural areas.
In his most recent role as president of JD.com, he was in charge of the operation and collaborative development of various business units of the company.