Northeast Web, 9/04/09
Kai-fu Lee, Google VP and president of Google China, has officially resigned. Reliable sources say Lee will start his own company.
Google China carried out localization efforts under Lee, including the release of Google China's music service (http://www.google.cn/music).
Google China has named two co-presidents to replace departing president Kai-fu Lee. Boon-Lock Yeo will take over Lee's engineering and R&D responsibilities, while John Liu, Google VP and head of China sales, will fill Lee's commercial and operations management role.
Yeo previously served as general manager of Intel Asia-Pacific R&D Ltd. and director of Intel's China Software Center. After joining Google in March 2003, Yeo ran Google China's Engineering R&D center in Shanghai with Wang Jin. Liu was formerly CEO and chairman of Korean telecom operator SK's China business. After joining Google, Liu managed sales and distribution in China, Hong Kong and Taiwan.
Other sources report Google China is also looking to recruit a new senior level executive.
Editor's Note: Industry insiders have reported that Lee will announce the details of his new start up next week. Reliable sources say Kai-fu Lee’s new company has already received hundreds of millions of RMB in funding, and may be related to Lenovo (0992.HK) as Lee was spotted visiting Lenovo headquarters several times in the past month. Other sources said Lee will enter the VC business, lending to young Chinese entrepreneurs in partnership with IdeaLab.com.