JD.com, Inc. announced that Ms. Carol Yun Yau Li has been appointed as an independent director on the board of directors of the Company and a member of the Board's compensation committee, effective immediately. Ms. Li is a Managing Director of Yale Center Beijing, Yale University's first university-wide center outside of the United States. Ms. Li has also served as an independent non-executive director of the board of JD Logistics, Inc, a consolidated subsidiary of JD.com, since May 2021.

From April 2008 to May 2012, Ms. Li was a Senior Vice President at China Investment Corporation, China's sovereign wealth fund, where she focused on private equity investments. She started her career in investment banking at Credit Suisse First Boston in New York and worked as an attorney at Sullivan & Cromwell LLP and WilmerHale LLP, specializing in corporate, financial, and transactional matters. Ms. Li holds a Bachelor of Arts Degree in Economics and International Studies from Yale University received in May 2000 and a Doctor of Jurisprudence degree from Stanford University received in June 2006.

She is admitted to practice law in the State of New York and in the District of Columbia in the United States. Ms. Li was named a World Economic Forum Young Global Leader in 2016. She is also a member of the Hong Kong X-Tech Startup Platform Advisory Committee.