Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 16:15, July 07, 2005
Yahoo! China President offers sudden resignation
font size    

The President of Yahoo! China, Zhou Hongyi announced a sudden resignation at 7 pm July 6, 2005. The announcement will take effect on August 31.

Zhou's announcement has brought the longstanding rumor about "Zhou Hongyi's resignation" to an end.

Zhou said his contract with Yahoo! would terminate on August 31. He made the decision to leave Yahoo! at this time for personal reasons. Yahoo! would still engage him as consultant to Yahoo! China after his resignation.

Whether Zhou is to leave has become a focus of the circles since the end of 2003, when Yahoo! just acquired 3721. Prior to that Zhou told media he would opt to start his own business after he fulfils the three-year contract with Yahoo! China. The latest version on this matter is Zhou would hand over the power in March 2006 the earliest. Obviously Yahoo! takes action ahead of the schedule.

President of Yahoo!'s North Asia Operations Allan Kwan said on June 6 Yahoo!'s team in China would remain intact and they would be reporting to him directly. The candidate for the next head of Yahoo! China will become a new focal point of the circles.

Almost all Yahoo! China's businesses, e.g. Yahoo!'s sole independent search portal in the world Yisou.com, email league, 3721 service are all associated with Zhou, except for the "1G mail". Analysts say Yahoo! offers a good mechanism that enables Zhou to finish his term gracefully.

According to insiders in Yahoo!, at the end of 2003, Zhou obtained some cashes from the acquirer, and he will probable receive another amount of cashes once Yahoo! realizes the acquisition objectives. This makes his destiny completely different from former Sina president Wang Zhidong.

He would not consider staring his own business for the time being. It is more important to spend holiday with families at present, Zhou replied when asked whether his future business would conflict with that of Yahoo! China.

By People's Daily Online


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Yahoo shuts chat rooms over child safety

- Yahoo! gears up China biz

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved