Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Gaopeng CEO Resigns

Sina Tech, 4/26/12

Yang Chengjian, CEO of Groupon and Tencent's (0700.HK) group buy joint venture Gaopeng, has recently submitted his resignation to the company's board of directors, citing personal reasons. Yang reported that before April 28 he will entrust his work responsibilities to "a long-time Gaopeng team member," Gao Xia, who will continue manage the company's day-to-day affairs.

In a statement expressing thanks to Yang for the work he accomplished during his time as CEO, Gaopeng board chairman Lai Zhiming also revealed that the company is in the midst of cooperation negotiations with Chinese group buy site FTuan and Tencent's (0700.HK) group-buy site QQ Tuan (tuan.qq.com) for the joint establishment of a more robust group-buy platform.

Editor's Note: For more information on this topic, please see "Gaopeng Appoints New CEO," MD 12/19/11 and "Rumor: Gaopeng to Merge with FTuan," MD 4/10/12 issues.

Keywords: HR Lai Zhiming Gao Xia Internet Tencent 0700.HK Groupon Gaopeng Yang Chengjian group buying JV

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports