On the move

JD Mall's CEO Shen to lead global unit

JD.com Inc said Shen Haoyu, CEO of its JD Mall, will step down but will take over as president of JD International, effective immediately. Shen helped the e-commerce major thrive in spite of competition from China's No 1 online marketplace promoter Alibaba Group. The Beijing-based JD.com said Shen will relocate to the United States later this year due to family reasons. In his new role, Shen will be responsible for the company's international and cross-border efforts, including his current leadership role in the strategic alliance with Walmart.

Devalier new Japan economist for BoA