The personnel earthquake in Jingdong is continuing, and it is likely to last until the end of April.
Recently, all-weather science and technology has obtained an exclusive internal recording material of Jingdong. A senior vice president of Jingdong said in the recording, The organization and personnel adjustment of Jingdong will continue, but it will be completed by the end of April.
In the recording file, a senior vice president in Jingdong said that the first wave of the current abolition was executives, the director immediately, and then ordinary employees.
Before that, in less than a month, three top executives in Beijing and East, including CTO Zhang Chen, CLO Longyu and CPO Blueye, left their jobs one after another.
On April 9, senior vice president of Jingdong Group, Wang Xiaosong, president of 7FRESH Business Department, and Hu Shengli, senior vice president of Jingdong Group and President of fashion life group, were also transferred to their original posts because of the implementation of the core executive rotation plan.
And in the list of online messaging, including senior vice president Mason, former head of Beijing East Y Business Department Yu Yongli, former general manager of New Access Business Department Du Shuang and others are also adjusting the list.
According to all-weather exclusive information, Yu Yongli had left Beijing East before the Qingming Festival after being transferred from Y Department to 7 FRESH in charge of supply chain business.
For this adjustment, the vice president said that the company has come to the inevitable time, and now every department is under tremendous pressure.
In the recording file, the Vice President also disclosed the growth of GMV in Jingdong in the past few months, has dropped to 20% year-on-year, for this figure, Jingdong interior looks very pessimistic.
According to the financial report, the growth rate of Jingdong GMV has been maintained at 30% for six consecutive quarters since the Q3 quarter of fiscal year 2017. In the Q4 quarter of 2018, the growth rate of Jingdong GMV was 514.4 billion yuan, up 27.5% from the same period of last year. Now this figure is further declining.
However, Jingdongs share price has rebounded in this adjustment. By the end of the evening of April 10, Beijing East shares were trading at $30.17 per share, up 11.7 per cent from a month ago.
Source: Wall Street Editor-in-Charge: Qiao Junyi_NBJ11279