Billionaire founder of China's JD.com steps down as CEO as Beijing's tech crackdown continues - CNBC

Xu Lei, the president of JD.com, will take over as CEO and join the company's board of directors, with immediate effect.

JD.com's billionaire founder Richard Liu has stepped down as chief executive of the Chinese e-commerce giant, joining a slew of high-profile tech bosses who have relinquished their roles at the compa… [+1588 chars]

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