On March 18th, according to LatePost, Alibaba Group announced at an internal meeting this afternoon that Hema founder Hou Yi will step down as CEO, and he will retire as Hema's Chief Honorary Advisor to continue providing guidance to the company. Hema CFO Yan Xiaolei will also serve as CEO.
It is understood that Yan Xiaolei is 45 years old and has worked at Siemens China and KPMG. In 2016, she joined Alibaba and served as the financial manager of UC Business Unit and Intime Group. In 2018, she joined Hema as CFO. At the same time, Hema is still actively seeking to introduce new strategic investors and has contacted multiple potential investors. At present, the valuation is about 3.7 billion US dollars, and in 2022, Hema considered financing at a valuation of 10 billion US dollars.