Ctrip's Liang Steps Down as CEO for Second Time

(Beijing) — The CEO of China's top travel-booking firm, Ctrip.com International Ltd., stepped down from the position after leading the company for more than a decade.

James Jianzhang Liang will continue to serve as the company's chairman and take the role of executive chairman of the board to focus on company strategy and initiatives relating to innovation, international expansion, information technology, investments and strategic alliances, Ctrip said in a statement on Wednesday.