HONG KONG/BEIJING (Reuters) – China’s second-largest e-commerce firm JD.com Inc has hired Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas, three sources said. Hu joined the company also as vice president in late July reporting directly to Chief Strategy Officer Jon Liao, the people with direct knowledge of the matter said. Filling the newly created role will beef up JD.com’s investment arm which has long been dwarfed by in-house deal teams at bigger rival Alibaba Group Holding Ltd as well as tech peer Tencent Holdings Ltd.

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