Yahoo Chairman China resigned after ... 40 days in office

The head of Yahoo in China, Mr. Xie Wen resigned after less than 40 days of taking on a new seat for "personal reasons".

However, knowledgeable people think that this is the result of Xie Wen disagreeing with other officials around the direction of Yahoo China 's future. This website is undergoing a strong reorganization since it was bought by Alibaba.com, China's largest e-commerce company, over a year ago.

Source: AP " They are still in transition, so there will certainly be more changes, " analysts said. Last year, Alibaba acquired Yahoo China while Yahoo US bought 40% of Alibaba for $ 1 billion.

Alibaba's founder, Mr. Jack Ma, announced that Yahoo China will start to profit from 2007, although the number of employees doubled to 800.

China is currently the second largest Internet market in the world, but according to the latest statistics, Yahoo China still lagged far behind baidu.com and Google.

Before joining Yahoo China, Mr. Xie Web is the executive director of Hexun.com Financial Web Portal. He officially joined Yahoo on October 17. According to Alibaba, Mr. Xie will remain a strategic advisor to the firm, while Yahoo's chief strategy officer Zeng Minh will temporarily hold the chair of the chair.

Trong Cam