Core Viewpoint - JD Logistics reported a revenue of 55.08 billion RMB for Q3, a year-on-year increase of 24.1%, with 21.2 billion RMB coming from JD Group, reflecting a 66% growth [1] - The company announced a change in leadership, with Hu Wei resigning as CEO and Wang Zhenhui appointed as the new CEO, effective November 13, 2025 [1][2] - JD Logistics has faced challenges in the capital market, with its stock price dropping 68% since its IPO in May 2021 [4] Financial Performance - Q3 revenue reached 55.08 billion RMB, up 24.1% year-on-year [1] - Net profit for Q3 was 2.03 billion RMB, a decrease of 7.9% compared to the previous year [1] Leadership Changes - Hu Wei resigned as CEO, effective November 13, 2025, to take on other roles within JD Group [1] - Wang Zhenhui, a veteran of JD, has been appointed as the new CEO, with a three-year service contract [1] - Previous CEO, Yu Rui, held the position for just over two years before Hu Wei took over [2] Market Performance - JD Logistics' stock price has fallen from the IPO price of 40.36 HKD to 12.90 HKD, a decline of 68% [4] - The company has made significant acquisitions, including the purchase of Dada's 100% stake for 270 million USD to enhance business synergy [4] Strategic Outlook - Liu Qiangdong expressed optimism about the future of JD Logistics, highlighting the potential for reduced logistics costs in China over the next five years [4] - The new CEO faces the challenge of improving shareholder returns and integrating various business operations to create a cohesive logistics system [5]
京东物流四年三换CEO，“老将”王振辉能否完成刘强东的期待？