Tech giant LeEco loses corporate finance head

LeEco has witnessed several high-profile executive departures in the past year

LeEco’s global head of corporate finance is leaving, according to a person familiar with the matter, the latest sign of retrenchment by the Chinese technology giant.

Winston Cheng, who joined LeEco in 2015, will be president of international at Chinese e-commerce company JD.com, leading new business initiatives including investments and mergers and acquisitions, the person said. LeEco declined to comment. JD.com didn’t respond to a request for comment on Friday.

Cheng previously held managing director roles at Bank of America Merrill Lynch and Goldman Sachs Group Inc. Merrill Lynch was a lead underwriter for JD.com when the company went public