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
92-Year Old Li Ka-Shing Receives First Dose of BioNTech Vaccine
China Becomes World’s Biggest Buyer of Chip Equipment in 2020, Says SEMI
Geely-Controlled Swedish Electric Carmaker Polestar Raises $550 Million in First External Funding
Xpeng Looks to Cut Reliance on Foreign Made Chips Amid Global Shortage
Trending in China: The Fake Writing Competition That Conned Beijing Parents for Years
ByteDance Powers Up Gaming Investment with C4games Acquisition
Didi Given Greenlight to Test Autonomous Vehicles in Beijing Pilot Zone
Xpeng Debuts New Car As China’s NEV Market Heats Up
Lenovo Still Top Dog in Global PC Market in First Quarter of 2021
Tesla Says Any Data It Collects in China Is Stored in the Nation
Medtech Startup StoneWise Raises $100 Million to Promote Use of AI in Drug Development
Plus Accelerates Uptake of its Autonomous Truck Tech with Italian IVECO Deal
Trending in China: Farmer Given Suspended Jail Time For Felling Own Trees – Social Media Chimes In
‘Tickets Please!’ Baidu Allowed to Charge for Robobus Service in Chongqing
Didi Reportedly Looking to List in U.S. as Soon as July
China’s NEV Sales Balloon in First Quarter on Strong Demand from Individual Consumers
Honor of Kings Beats PUBG Mobile as World’s Highest-Earning Mobile Game in March
Didi to Expand New Logistics Service From 8 to 19 Cities in China
China’s Li Auto Raises $750 Million Through Bond Sale to Fund Electric Car Development
Plant-Based Food Firm Beyond Meat to Open Plant Based in China
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