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JD.com’s founder steps down as CEO of $92 billion empire

JD.com Inc.’s billionaire founder Richard Liu has stepped down as chief executive officer of the giant online retailer, joining tech tycoons that exited top management roles after Beijing’s sweeping internet-sector crackdown. Xu Lei, who was recently promoted to president after more than a decade at the company, takes the helm of the ecommerce titan effective […]

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