Yintai CEO Resigns to Join Jingdong's Paipai

TechWeb, 5/26/14

Beijing-based B2C e-commerce platform JD.com (Nasdaq: JD) has announced that Lin Chen has resigned from his position as CEO of Chinese luxury goods e-tailer Yintai.com to become a VP at JD.com's C2C site Paipai.com, which was recently injected into JD.com following Chinese internet firm Tencent's (0700.HK) investment in the company. Lin will primarily be responsible for operations and business development at Paipai. Lin will report to JD.com VP and Paipai president Kui Yingchun.

Lin served as COO at Yintai before being promoted to CEO following the resignation of Liao Bin in December 2013.

Editor's Note: For more information on this topic, please see "Rumor: Yintai CEO Resigns," MD 12/23/13 issue and "Tencent Acquires 15% Stake in Jingdong" MD 3/10/14 issue.

Keywords: Kui Yingchun e-commerce Paipai Internet B2C C2C Tencent 0700.HK Yintai Liao Bin JD.com Lin Chen HR

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