CEO of JD Logistics Steps Down for ‘Health Reasons’

What’s new: The CEO of Chinese e-commerce giant JD.com’s courier arm, Yu Yui, stepped down Monday due to “health reasons,” the unit said in an exchange filing.

Veteran executive Hu Wei took over as JD Logistics Inc.’s CEO and stepped into Yu’s other roles at the unit the same day, the filing said. Hu had held multiple senior positions under the JD.com Inc. umbrella after joining the group in early 2010, including CEO of Jingdong Property Inc. from April 2019 to this month.