Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: 360Buy COO Resigns

Ebrun, 7/11/12

Shen Haoyu, COO of Beijing-based IT products B2C e-commerce platform 360Buy, has formally resigned according to a source within the company.

Shen's departure is reportedly connected to problems with 360Buy's planned H2 2012 IPO, and CEO Liu Qiangdong may have been forced to relieve Shen of his duties due to investor pressure, but 360Buy VP of public relations Wu Sheng denied the rumors.

Editor's Note: 360Buy has denied the rumors of Shen's resignation, according to CCIDnet.com, while Sina Tech has reported that Shen may return to Baidu (Nasdaq: BIDU). For more information on this topic, please see "Rumor: Former Baidu Senior VP to Join 360Buy," MD 7/08/11 issue. In an October 8, 2012 telephone interview with Marbridge, Shen Haoyu denied the rumors, said he remains at 360Buy, and added that he had no idea what the source of the rumors might be.

Keywords: HR Liu Qiangdong e-commerce Internet IPO B2C Baidu 360buy BIDU Wu Sheng Shen Haoyu

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports