Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
China’s Handset Shipments Plummet Nearly 40% in January
China Has More Billionaires Than U.S. And India Combined: Hurun Report
Didi to Launch Food Delivery Service in Japan
NIO Strikes Government Deal with New Headquarters and New Funding Plan
Daimler Slims Down China Venture in Global Cost Saving
U.S. Transport Agency Bans Employees From Using TikTok For Work
Huawei Launches New Foldable Smartphone, Targets Android Market with HMS
Industries Switch Up Production Processes to Use Byproducts to Produce Medical Supplies
China Plans to Mass Produce Driverless Cars by 2025 Later Than Previous Forecast
U.S. Companies Fluctuate on Wall Street as Covid-19 Hits Their 2020 Forecasts
Snack Shop Serves Up First IPO from Wuhan Since Covid-19 Outbreak Took Hold
Chinese AI Firm Laiye Secures $42 Million in Series C Funding Round
Japan’s Finance Minister Expresses Concerns Over China’s Digital Yuan
U.S. Allows China’s iFlyTek to Resume Purchases of American-Made Medical Products During Outbreak
China Accounts For Nearly Half of All Global 5G Smartphone Shipments in 2019: Research
Xiaomi-Backed Smart Home Cleaner Maker Raises $641 Million in Shanghai IPO
Foxconn Allows Henan Workers to Return to Its Zhengzhou Complex
Alibaba-Owned Livestreaming Platform Taobao Live Sees Rapid Growth Amid Outbreak
Lenovo Charges Up Investors by Playing Down Virus Impact
Huawei ‘Disappointed’ After U.S. Court Rejects Its Federal Ban Challenge
China Mobile CEO Li Yue Resigns

By Simin Wen / Oct 14, 2019 03:47 PM / Business & Tech

Photo: VCG

Photo: VCG

China Mobile CEO Li Yue has officially resigned from the company for age-related reasons, according to a China Mobile statement filed Friday to the Hong Kong Stock Exchange.

Li, who was born in 1959 and headed the government-backed telecom giant since August 2010, formally departed on Friday, the statement said. In doing so, he followed established practices at many Chinese state-owned or -affiliated enterprises, whose senior executives generally step down at or before the age of 60.

China Mobile said in the statement that there was no disagreement between Li and the company.

During his tenure, Li was known both for his unflagging support for market-oriented reforms and for helping the company transition from 3G to 4G services. Under his leadership, China Mobile outmuscled its two main competitors, China Telecom and China Unicom, to become the country’s largest telecom operator.

Related: China’s 5G Service Preorders Hit 10 Million

Share this article
Open WeChat and scan the QR code