Kai-Fu Lee, president of Google Inc.’s China, is resigning from the company. The news is just broken by Sina, and WSJ also reported.
According to Sina’s report. Google China has officially announced Kaifu’s leaving this morning. Who is going to replace him is still unknown.
Google is doing OK in China, although it’s still facing very tough competition from Baidu. Hope Kaifu’s leaving will not impact Google’s strategy in China, but there is no doubt that Google China will be in storm in next a few days.
Sina says: Mr. Lee is leaving to work on his own venture. Don’t tell me it’s something to do with the hottest Apple.
Updates: Kaifu Lee is planning to set up a Fund to help Chinese young entrepreneurs.