Chinese e-commerce firm JD has promoted JD Retail CEO Xu Lei to the president of the company, according to a Monday press release. Xu reports to Richard Liu, JD’s chairman and CEO. The release said Liu will devote more time to strategic planning, young managers training, and “rural areas revitalization” once Xu adapts to the new role. Xu joined JD in 2009 and became the CEO of JD’s retail business in 2018. [JD press release]