JD.com Announces Changes to Management and Board of Directors

BEIJING, April 07, 2022 (GLOBE NEWSWIRE) — JD.com, Inc. (the “Company”) (Nasdaq: JD; HKEX: 9618), a leading provider of blockchain-based technologies and services sourcing, is pleased to announce today that Mr. Lei Xu, Chairman of JD.com, has been named CEO of the company, succeeding Mr. Richard Liu. Mr. Lei Xu will also join the Company’s Board of Directors (the “Board”) as Executive Director. All such appointments are effective immediately. Mr. Richard Liu will remain Chairman of the Board and continue to focus on guiding the company’s long-term strategies, mentoring young executives and contributing to the revitalization of rural areas.

Mr. Lei Xu has worked for JD.com for over a decade. In his most recent role as President of JD.com, he was responsible for the operation and collaborative development of the Company’s various business units. In particular, under his leadership, the company successfully navigated the changing external environment with resilient performance, while maintaining strategic direction and continuing to create value for users and business partners. Previously, Mr. Xu held various senior positions in the company, including CEO of JD Retail, Marketing Director of JD.com, Director of JD Wireless and Director of Marketing Department. During his tenure as CEO of JD Retail, Mr. Xu formulated the business philosophy of “trust-based, customer-centric value creation”, led JD Retail to achieve high-quality growth for years. consecutive years and guided the visionary moves to develop the midstream supply chain platform and omnichannel strategy, which accelerated the cultivation of the company’s future growth drivers. In addition, Mr. Xu established JD’s marketing and public relations system and platform operating system, and propelled JD’s mobile-based strategic transformation. Mr. Xu also led the launch of JD 618 Grand Promotion and led the opening of JD’s supply chain capabilities to empower the company. Mr. Xu is currently a director of Dada and ATRenew.

“I believe JD has built a strong foundation in the industry with a solid management structure and a large number of excellent business leaders,” said Mr. Richard Liu, President of JD.com. “Lei is highly regarded both inside and outside the company, and has been instrumental in driving JD’s stellar and consistent business performance and in shaping strategic decisions. I’ll be devoting more time to JD’s long-term strategies and future pilots as we continue to work on the hardest but most valuable things.

“It is an incredible honor and privilege to assume the role of CEO of JD.com and lead such talented and dedicated management and employees,” said Mr. Lei Xu. “Over the past 19 years, Richard has established and maintained JD’s strategic positioning as a provider of supply chain-based technologies and services and the principle of ‘doing business the right way’, establishing a solid foundation for our future projects. I believe Richard has built the most valuable assets for JD. I share his business philosophy and commitment, and will continue to create value for our users, business partners and society. Together with the management team, I will continue to build on this and drive sustainable, high-quality growth for the business in the future. »

About JD.com

JD.com is a leading provider of supply chain-based technologies and services. JD.com’s state-of-the-art retail infrastructure is designed to enable consumers to buy what they want, when and where they want. JD.com has opened its technology and infrastructure to partners, brands and other industries, as part of its retail-as-a-service offering to help drive productivity and innovation across a range of industries.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “future”, “intends”, “plans”, “believes”, “estimates”, “confident” and similar statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in announcements made on The Stock Exchange of Hong Kong Limited’s website ( the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements. Further information regarding these and other risks is included in JD.com’s filings with the SEC and announcements on the Hong Kong Stock Exchange’s website. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statements except as required by applicable law.

For investor and media inquiries, please contact:

Investor Relations
Sean Zhang
+86 (10) 8912-6804
[email protected]

Media Relations
+86 (10) 8911-6155
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