Cloud Computing, Internet Datacenters and Big Data Business Intelligence from China CEO Resigns

Chinese Internet video company has announced that Li Shanyou, founder and chief executive officer of, has resigned for career development reasons; however, he will still be director of the company and will offer operational guidance for

Meanwhile, Zhu Haifa, director of and chief investment officer of Shanda Group, has been appointed acting CEO of the video company, effective from March 14, 2011.

Wu Zheng, chairman of, told local media that as the founder and CEO of, Li offered outstanding leadership and services to the social media company. The board of directors of the company appreciates his contributions and wishes him the best in his future career. At the same time, Wu welcomed the joining of Zhu into’s executive team. He believed will enhance its leading position in the industry under the leadership of Zhu.

Zhu joined Shanda, parent company of, in 2004 and he was appointed chief investment officer in April 2008. Prior to joining Shanda, Zhu worked in technology management position in Shanghai Academy of Science and Technology from 1996 to 2001; and he is responsible for the venture capital business of Nuovo Assets investment Ltd. from 2001 to 2004.

The reports in Chinese local media revealed that after ending his five years’ career as an entrepreneur, Li will become a partner of a new fund jointly invested by Shanda.

Share this news:

Be the first to comment on " CEO Resigns"

Leave a comment

Your email address will not be published.


  Other China News

Nokia Phone Returns To China Via Exclusive Sales Channel

Artificial Intelligence Experts Join Sinovation Ventures

Apple's Struggles Drop Foxconn's Revenue 2.81% In 2016

Artificial Intelligence Guru Finds Search Engine Baidu


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco