Kai-fu Lee will step down as president of the company's operations in China to form a venture in Beijing. Boon Lock Yeo, director of the Shanghai engineering office, and John Liu, who heads the sales team in Greater China, will take on Lee's responsibilities. Lee will form a venture capital firm, a spokewoman for the departing executive, declining to provide details.
Such is the latest news with impact on the business in the days to come. Here is happening of Sino-American economics online in globalization.
Francis Shieh a.k.a. Xie Shihao on Sept.5, 2009
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