Kuai, who received a master’s degree in logistics engineering from Massachusetts Institute of Technology, resigned from Dada in favour of ‘personal pursuits’

Dada vice-president Jeff He Huijian will become president and take over daily operational management, according to a company statement

Philip Kuai Jiaqi, the 39-year-old founder of JD.com delivery affiliate Dada Nexus, has resigned from his chairman and CEO positions, becoming the latest young Chinese tech entrepreneur to retreat from the executive office.