JD’s CEO Exits After a Year at the Helm as Growth Dwindles (2)

JD.com Inc.’s chief executive officer is departing after only about a year at the post, a surprise move that coincides with the Chinese internet retailer’s slowest pace of growth on record.

Xu Lei is departing China’s No. 2 online commerce firm after more than a decade of climbing the ranks, handing the reins to Chief Financial Officer Sandy Xu starting June. While the outgoing CEO only officially took up his role around April 2022, he headed up JD’s core retail division for years and was once regarded as heir apparent to billionaire founder and Chairman Richard Liu. ...