COO Gong Yu Resigns In China

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Rumors are swirling in Chinese media today that Gong Yu, chief operating officer for the Chinese Internet portal (SOHU), will soon depart from his position.

A company insider has told Chinese financial website that Gong has already officially handed in his resignation. Prior to this letter, he reportedly resigned several times, but was asked to stay by Charles Zhang, chairman and founder of However, determined to leave this time, he is also rumored to be looking at starting his own business in the future. Obviously someone with a great business sense and operational acumen, Gong is planning to find a new job when companies are cutting back on hiring, the business horizon is foggy, and the global financial crisis is causing consternation among Chine...

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