500.com appoints Xudong Chen as director and Chairman of the Board
500.com announced that effective June 1 Huixuan Wang, a director and Chairman of the Board of Directors of 500.com and the director and Co-President of Tsinghua Unigroup, has stepped down from the Board. Xudong Chen has been appointed as a director and Chairman of the Board, effective June 1. Chen will join the Compensation Committee and join and chair the Strategy Committee of the Board. Chen has been the Executive Vice President of Tsinghua Unigroup since April. Prior to joining Tsinghua Unigroup, Chen was Co-President of Mobile business of Lenovo Group, President of China Mobile Business of Lenovo Group, President of Global Services of Lenovo Group, Senior Vice President and Executive Vice President of Sanpower Group in charge of 3C Retail Business Group, Senior Vice President of Meituan in charge of B2B Food Supply Chain Business.