Qiu Han has recently resigned, and executive with a legal background, Zhang Hong, has been appointed as the CEO of PayPal China region.

Today, there is market news that the CEO of PayPal China, Qiu Han, has recently resigned. PayPal China confirmed this news to reporters. PayPal China told reporters that during Qiu Han's tenure, he led the team to establish good relationships and cooperation with merchants and partners in a complex and ever-changing business environment. They thank Qiu Han for his substantial work in establishing the company's business in China.