Operator Finance Network Intern Xu Dongyu/Text
It has been a year since Xu Ran took over as the chief financial officer of JD.com, but the industry’s attention to Xu Ran has never faded. Over the past year, how has Xu Ran’s performance been? This time, Carrier Finance Network will reveal the secret for you.
Xu Ran graduated from Peking University with a double bachelor's degree in science and economics. It is reported that Luo Jie, the new chief financial officer of Baidu Group, also graduated from Peking University. It is not difficult to see that in recent years, most of the management of Internet giants come from prestigious schools. After graduation, they are getting younger and younger.
Xu Ran was also a certified public accountant in China and the United States. He joined PricewaterhouseCoopers Beijing Branch in 1998 and worked in the Beijing and Silicon Valley offices of the United States for nearly 20 years. He accumulated rich financial experience, which also served as Xu Ran's Ran later served as the chief financial officer of Jingdong and was fully prepared.
In July 2018, Xu Ran joined JD.com as vice president of finance, and was promoted to senior vice president in January 2020. He also served as JD.com’s chief financial officer of retail. In just two years, Xu Ran was promoted to three positions in a row.
In June of the same year, former JD.com Group CFO Huang Xuande announced his retirement on September 16 of the same year, and Xu Ran took over as JD.com’s CFO. As we all know, the larger the company, the more it pays attention to financial management. As one of the few Internet leaders in China, JD.com selected Xu Ran after Huang Xuande retired, which shows JD.com's trust and high expectations for Xu Ran.
According to relevant reports, Xu Ran had rotated multiple positions within the group before this. It can be seen that rotation has become a necessary condition for the advancement of senior executives of Jingdong Group.
Previously, when Xu Ran served as an audit partner at PricewaterhouseCoopers China, he focused on the TMT industry and US capital markets. Since joining JD.com, he has played an important role in promoting lean financial management and improving operational efficiency of the group.
It is worth mentioning that Xu Ran took over as CFO of JD.com, which means that JD.com has added a female core executive to its core management team, and will also become another female CFO in "BATJ".
On December 31, 2020, JD.com announced its fourth quarter and full-year financial reports. Xu Ran attended the financial report conference call and stated that he had made sufficient financial preparations for the new business launched by JD.com.
JD.com’s financial report released on November 18 this year showed that the company’s net profit attributable to ordinary shareholders in the third quarter of fiscal year 2021 was -2.807 billion yuan, a year-on-year decrease of 137.12%; operating income was 218.708 billion yuan, a year-on-year increase of 25.54%.
For Xu Ran, who has just taken over for a year, challenges still exist. I believe that after getting familiar with the business in the future, Xu Ran will bring more surprises and achievements to people, and Operator Finance Network will also continue to pay attention.
