JD.com says founder and CEO Richard Liu will step back from day-to-day operations to focus on long-term strategy and names its first president (Liza Lin/Wall Street Journal)

Liza Lin / Wall Street Journal:
JD.com says founder and CEO Richard Liu will step back from day-to-day operations to focus on long-term strategy and names its first president  —  E-commerce company names its first president facing tougher competition, Beijing's regulatory crackdown  —  Chinese e-commerce group JD.com Inc. named …