Wu Huating, Senior Director Of Former Ali, Was Appointed New CEO Of Jiangnan Buyi.

On the evening of March 7th, Jiangnan cloth and Clothing Co., Ltd. (hereinafter referred to as Jiangnan Buyi) announced that Wu Huating had been appointed as the new chief executive officer of the company and effective for 5 years from March 7, 2019.

Wu Jian, chairman and executive director of the board, resigned as chief executive officer to focus more on the overall strategic development of the company. At the same time, he will still pay close attention to the core business development of the company. Li Lin, executive director of the company, will still be responsible for managing the design and research.

The announcement shows that Wu Huating, 44, has nearly 21 years of experience in retailing, Internet operation management and investment.

Since 1998, she has served in Dingxin International Group Hangzhou Dingyi International Food Co., Ltd. and UT Star Communications Co., Ltd., and joined Alibaba as a senior director in 2006. He is mainly responsible for the marketing channel management and operation optimization of company brand, business marketing operation and Internet online marketing.

In 2011, -2018 became partner of Vision Knight Capital General Partners Ltd., a private equity investment fund.

In the announcement, Jiangnan Buyi said that Wu Huating's participation can be applied to many years in the retail industry, the Internet industry, the investment industry, and the integration of the traditional retail industry and the Internet thinking so as to promote the overall operation and development of the enterprise.

In the 2019 half year financial report, Jiangnan Buyi mentioned that the company's main strategy this year will focus on increasing design research and development, expanding diversified brand combinations, cultivating new brand new products, creating and providing value-added service scenes with fans economy as the core and enhancing fans' experience, and further enhancing domestic and foreign retail networks and optimizing the all channel interactive platform through the use of Internet thinking and technology.

From Wu Huating's personal resume, she is undoubtedly the right person to carry out this strategy in the south of the Yangtze River.

In addition, in the 2019 half year financial report, Jiangnan Buyi also mentioned that Wu Jian, chairman of the board of directors of the company, also served as chief executive officer at the same time. He did not comply with the provisions of the code of corporate governance that the role of chairman and chief executive should be distinguished from one person at the same time.