Caixin Global – Latest China News & Headlines

Home >


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.

Trending in China: Should Internet Celebrities Be Part of the School Curriculum?
Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian
Medical Robot Maker Finds Elixir in STAR Board’s Market Reforms
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
France Won’t Ban But Will Discourage Use of Huawei 5G Equipment, Official Says
Trending in China: ‘Lipstick King’ Li Jiaqi Settles in Shanghai, Prompting a Rethink of ‘Talent’
Tencent Plays in U.S. With California Game Studio Launch
Trending in China: Shenzhen Thinks Only Children Should Get Paid Leave to Look After Their Parents - Cue Heated Debate
German Drugmaker BI Launches Shanghai Center to Harness Chinese Expertise
Chinese Self-Driving Truck Firm Aims to Cover Most of U.S. by 2024
Trending in China: Chinese Netizens Tell Indian Prime Minister Modi To ‘Shut The Door On The Way Out’ As He Quits Weibo
Trending in China: If You Can’t Beat Them, Join Them – Why Tencent is Laughing At Itself
Meituan Eyes Robot-Enabled Deliveries with $14 Million Investment in PuduTech
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion
Sina Weibo to Issue $750 Million in Bonds
Embattled Leshi Forced to Sell Smart TV, Livestreaming Trademarks and Swiss Cleaning Carmaker Launch Driverless Street Sweeper
Trending in China: How an ‘Old Godmother’ Took on China’s Internet Giant and Won
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