[PayPal China's CEO Qiu Han Resigns, Legal Head Zhang Hong Takes Over] According to a report by China News Service Jingwei, Qiu Han, who served as PayPal China's CEO for nearly six years, has resigned, and her position will be taken over by Zhang Hong, PayPal China's legal head. PayPal stated that its long-term commitment to the Chinese market remains unchanged, and this adjustment will not affect the company's strategic direction or daily operations. Public information shows that in August 2020, PayPal announced the appointment of Qiu Han as Senior Vice President and CEO of PayPal China. Qiu Han previously worked at multinational companies such as General Electric, Temasek, McKinsey, and Standard Chartered Bank. Before joining PayPal, she served as Co-General Manager and Chief Innovation Officer at OneConnect, a fintech company under Ping An Group.