Chinese cosmetics e-commerce platform Jumei.com announced that its co-founder and product vice president Dai Yusen has resigned due to personal reasons and the resignation is effective immediately.

Dai also confirmed the news and said he will reveal his next career move later. Chinese media are floating the idea that Dai may enter the investment sector and work for an Internet-related investment organization.

Dai graduated from Tsinghua University with a Bachelor's degree in industrial engineering and studied at Stanford University after that. Dai previously worked for Google, Baidu, and Oracle and he has deep research and extensive experience in Internet product design and user experience planning.