BABA(US:BABA) Sou Hu Cai Jing·2025-06-20 13:31Core Insights - The former CEO of Ele.me, Han Liu, has been taken away by the police due to suspected job-related crimes discovered during an internal audit [1] - Han Liu, who previously worked at JD.com, held several key positions within Ele.me and was seen as a crucial driver for the company's organizational upgrades [1] - The incident raises questions about the stability of Ele.me's management and its internal governance capabilities [1] Company Overview - Ele.me was founded in 2008 by Zhang Xuhua and others at Shanghai Jiao Tong University, initially focusing on college delivery services before expanding into a nationwide local service company [1] - In 2018, Alibaba acquired Ele.me for approximately $9.5 billion, integrating it into its local services sector alongside Koubei [1] Management Changes - In March 2024, Han Liu succeeded Yu Yongfu as CEO of Ele.me, while Wu Zeming took over as chairman [1] - Just one year later, on February 11, 2025, Ele.me announced a management reshuffle where Wu Zeming assumed the CEO role, and Han Liu transitioned to head of instant logistics [1] - The police investigation into Han Liu is reportedly linked to issues related to supply chain benefit transfers during his tenure [1]