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JD.com says CEO Xu Lei will step down in June “due to personal reasons”, after one year in the role; CFO Sandy Ran Xu will become the CEO (Arjun Kharpal/CNBC) 11-05-2023

Arjun Kharpal / CNBC: JD.com says CEO Xu Lei will step down in June “due to personal reasons”, after one year in the role; CFO Sandy Ran Xu will become the CEO  —  – JD.com shares rose in pre-market trade in the U.S. on Thursday after it said it swung to profit in the first quarter and announced a management shakeup. Lees verder op Tech Meme

JD.com reports Q1 revenue up 1.4% YoY to ~$35B, beating estimates, and ~$906M net profit, compared to a ~$431M net loss in Q1 2022; JD rises 7%+ (Tiyashi Datta/Reuters) 11-05-2023

Tiyashi Datta / Reuters: JD.com reports Q1 revenue up 1.4% YoY to ~$35B, beating estimates, and ~$906M net profit, compared to a ~$431M net loss in Q1 2022; JD rises 7%+  —  China’s e-commerce giant JD.com Inc (9618.HK), said on Thursday its chief executive Xu Lei will step down, with the company’s chief financial officer taking on the role. Lees verder op Tech Meme