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China tech CEO Xu Lei to step down after only 1 year at post

Leadership change comes as Chinese e-retailer's Q1 results beat expectations

Xu Lei became's CEO in April 2022 after serving as chief marketing officer and head of JD Wireless. He will be replaced by Chief Financial Officer Sandy Xu. (Photo by VCG via Getty Images)

HONG KONG --'s Xu Lei is to step down as chief executive after only one year at the post, handing the role to Chief Financial Officer Sandy Xu.

The Chinese e-commerce group on Thursday cited "personal reasons" for the CEO's departure.

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