Ernest Fung, a GCV Rising Star this year, announced this week that he has departed from JD.com where he spent more than four years as head of international corporate development.
Ernest Fung has left his position as Hong Kong-based senior director and head of international corporate development at Nasdaq-listed e-commerce firm JD.com.
Fung joined China-headquartered JD.com in 2014 and focused on mergers and acquisitions and venture deals for startups developing e-commerce, financial, logistics and retail technologies.
Two months prior to Fung’s departure, JD.com participated in a $120m series A round for connected vehicle technology developer Mogu Zhixing, and co-led the $1bn first tranche of Indonesia-based on-demand ride platform Go-Jek’s series F round.
Fung was a Global Corporate Venturing Rising Star in 2018 and 2019, and was also included in GCV’s 2018 Powerlist. He was a director of technology, media and telecommunications investment banking at financial services firm Citigroup for a decade before joining JD.com.
Fung said: “It has been a great honour to have spent the last four and a half years at JD, where I have worked alongside dedicated colleagues and met amazing partners, investors, and friends. As I embark on my next chapter, I look forward to continuing to work with great companies and entrepreneurs in the region.”
No successor has been named and Fung did not respond to a request for comment on his next step.
Photo courtesy of Ernest Fung.
