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NetEase Sinks on CEO Shift
NetEase (NTES Quote) fell 5% after naming founder William Lei Ding CEO.
Ding, also the company's largest shareholder, succeeds the late Ted Sun. After Sun died last September, his duties were assumed on a temporary basis by Chief Financial Officer Denny Lee and Chief Operating Officer Michael Tong.
Ding has been a board member at the Beijing-based provider of Internet and online gaming services since 1999. ...
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