Evening news on January 4th，After the merger of Ctrip and 188bet mobile login，The fate of 188bet mobile logincom CEO Zhuang Chenchao has been attracting attention from the outside world。188bet mobile login announced，Zhuang Chenchao has officially left where to go，Resigned as CEO of 188bet mobile logincom，Taken over by Chen Zhenyu, former executive vice president and head of wireless business group of 188bet mobile logincom。

In addition，Zhang Qiang, former executive vice president and head of destination business group of 188bet mobile logincom, was appointed as chief operating officer。Zhu Xiaolu, former senior director of strategy and investor relations at 188bet mobile logincom, was appointed as chief financial officer。

188bet mobile logincom co-founder Zhuang Chenchao and former chief financial officer Zhao Yilu from now until the end of the first quarter of 2016，Only as a senior consultant of 188bet mobile logincom，No longer holds other positions。

After Zhuang Chenchao left where to go，The direction of the next stop has not been disclosed yet。 But he said，Jiang and Zhao Yilu 188bet mobile login continue to be deeply involved in the development of innovation and technology fields。

End of October this year，Ctrip suddenly announced an equity swap deal with Baidu。According to transaction content，Baidu will own 178 through this transaction,702,519 shares of 188bet mobile logincom Class A ordinary shares and 11,450,000 188bet mobile login Class B ordinary shares exchanged for 11,488,381 additional ordinary shares issued by Ctrip。After transaction is completed，Baidu will own Ctrip common shares representing approximately 25% of Ctrip’s total voting rights，Ctrip will own approximately 45% of the total voting rights of 188bet mobile logincom。

Except management changes，The board of directors of 188bet mobile logincom has also been adjusted。The new board of directors will consist of five members，Including Liang Jianzhang, Chairman and CEO of Ctrip、Chen Zhenyu, the new CEO of 188bet mobile logincom、And three independent directors，Lai Youming、Zhu Jianmin and Shi Ying。

The merger of Ctrip and 188bet mobile login，The outside world generally believes that Baidu and Ctrip played a key role in this。Since Baidu ranked 3rd in 2011.US>247_word_end<.6 billion cash acquisition of 188bet mobile login 61.05% controlling interest，Zhuang Chenchao’s personal shareholding only accounts for about 7%。There is even news that this share exchange transaction，188bet mobile login management and Zhuang Chenchao reached a cooperation agreement privately，Just informed。

Although Liang Jianzhang said，188bet mobile logincom will continue to operate as an independent listed company in the future，But integration is inevitable。The fate of being integrated in 188bet mobile login is very likely。Zhuang Chen Supernatural will not choose to stay on 188bet mobile logincom，This is also the choice of most company founders after mergers。

After Zhuang Chenchao resigned，The new CEO of 188bet mobile logincom has been selected，Two executive vice presidents of 188bet mobile login Group，Chen Zhenyu, CEO of 188bet mobile login Wireless Business Group、Zhang Qiang, CEO of Destination Services Division，With Xiong Xing, the current CEO of Ctrip’s air ticket division，Both were once considered strong competitors for the CEO of 188bet mobile login。

Chen Zhenyu’s takeover，It has something to do with the status of 188bet mobile logincom’s wireless business and his Baidu background。188bet mobile logincom third quarter financial report display，188bet mobile logincom’s wireless revenue in the third quarter was 9.75.5 billion yuan，381 year-on-year increase.3%，73% of total revenue.6%。At the same time，The financial report also pointed out，9 consecutive quarters，188bet mobile logincom’s wireless terminal’s quarterly growth exceeds 300%，The growth of wireless business drove 188bet mobile logincom’s overall revenue to grow at a year-on-year rate of 164% in the third quarter of 2015.4%。

For Ctrip’s development strategy after the transaction，Liang Jianzhang once responded，After Ctrip and 188bet mobile login reached resource sharing，Maybe enter new areas faster，For example, it will enter overseas markets more actively，In Asia and beyond，Compete with the world’s leading companies，But the specific content，It’s too early to talk now。This management and board of directors adjustment，It is considered that the integration of Ctrip and 188bet mobile login at the business level will enter a new stage。

The following is the full text of 188bet mobile login’s internal letter:

Dear classmates:

Today，Will be my last day as CEO and Director of 188bet mobile login。Chen Zhenyu will succeed me as 188bet mobile login CEO，Zhang Qiang will replace Denise as COO，Zhu Xiaolu will succeed Zhao Yilu as CFO，Yang Miao/Gan Quan/He Weiping/Li Jifeng will share higher technical positions and replace the CTO David’s work。A pleasure to work with over the past 5 years，I believe Zhenyu can take 188bet mobile login to a new height together with the new management。

10 years ago，Fritz and I，Douglas，Denise，When Zhou Qiang and others started 188bet mobile login together，We are curious about unknown things。The business world is like a complex machine running at high speed，There are always opportunities for new parts to be updated during operation。We rely on business analysis tools，Curiosity looking for the next big component update opportunity in this complex system，The charts analyzed ultimately point to a market segment with the highest probability，Online travel---enter through travel search。So a few of us who had only flown and stayed in hotels started a bold adventure，Entering an unfamiliar market based entirely on our analysis。Curiosity has always driven us to look at this market from a unique perspective，Continuously explore and move forward with innovative strategies。

10 years later，Experienced all kinds of difficulties，We fought hard at many critical moments，188bet mobile login has become a company with annual revenue exceeding RMB 4 billion。All these achievements are the result of the unremitting efforts of 188bet mobile login’s team。I am very lucky to work with many great people，Among them is Denise, who started the business together in the early days，Zhou Qiang，Hao Ruoyun；There is David who later laid the foundation for the company's large-scale operation，Zhang Yu，Yang Miao；Yang Wei, who started out as a product manager and took 188bet mobile login’s air ticket business to the top in China，Qiu Hui，Gou Zhipeng，Xiao Yu；There is a wireless business built from scratch，Zhenyu, who makes 188bet mobile login’s wireless business account for the highest share in the world，Sweet Spring，Yang Changle，Cai Huan，Tina；Zhang Ze, the original builder of the hotel business，Kou Jian；There is Zhexibo who worked hard for 2 months to sign a contract with tens of thousands of high-star hotels after the hotel was removed from the shelves，Wang Zhiming；There is Zhang Qiang who joined our Jiancheng Subway Railway Army in 2014，Lu Yinfeng，Li Jifeng；Yilu has established a strong and credible financial and legal team，Zhu Xiaolu，Cathy，Susan, Guo Qi，Rachel；And Yang Zi，Happy，Hu Jie，Candy；There are too many outstanding colleagues that I have not been able to mention one by one，Their excellence and excellence are engraved in my heart。There are also many classmates from the company who have left, such as Fritz, Douglas, Wang Tong，Dai Zheng，Sam，Wang Jing，Gao Peng, etc.，All have made outstanding contributions to the past development of 188bet mobile login。I have been able to go through this adventure with you for the past 10 years，Create a great cause together，It is my honor and pride。

Now，188bet mobile login, a rapidly growing company, has established a leading market position in the tourism industry，We have ample funds，Every promise in our history has been exceeded，We are completely independent in terms of traffic，We have a good market image and continuous financing capabilities。Transaction occurred at the end of October，Not the optimal solution in the scenario that management has deduced countless times，Not a suboptimal solution either。Even so，The market value of our transactions is approximately US billion，is the largest Internet M&A transaction in China。This all depends on the team’s efforts，Investor support，And the great assistance of industry partners。It is our market position that determines the size of the transaction，It is our sweat and efforts that support our value。

These two months，With Ctrip’s management team，Especially the close collaboration between James and Jane，It also allowed me to feel the sincerity and professionalism of Ctrip’s management team up close。For me, a Shanghainese who has been away from Shanghai for more than 20 years，I am very familiar with Ctrip’s rigorous and meticulous work culture。After this transaction，The total Ctrip shares held by the 188bet mobile login team account for more than 10% of Ctrip’s total share capital。I believe that all 188bet mobile login teams and Ctrip teams can work together as one，I am confident in the efficient synergy and integration of the two companies。In the huge and fast-growing market of China’s online travel，Ctrip and 188bet mobile login will definitely achieve greater success；Under the leadership of James and Zhenyu，Ctrip and 188bet mobile login will also go out of China，Become the world’s leading online travel company。Me and Yilu，Denise，David will continue but will remain a strategic advisor to the company，We will also carry out in-depth and extensive cooperation with Ctrip in tourism investment in the future。

Future，Curiosity, especially curiosity about technological innovation, has always driven my personal career development。I will continue to participate in the waves of global technological innovation，At the same time, we hope to create interesting and unique value with creative risks in the tide of innovation。I also sincerely wish 188bet mobile login students good luck in life and work，For online travel，Passionate curiosity for all new things，Let our life and work be full of surprises，Achievements。

Finally, I wish everyone a happy new year!

CC

188bet mobile logincom CEO resume:

Founder and former CEO Zhuang Chenchao

Zhuang Chenchao graduated from Peking University。1999，Zhuang Chenchao once participated in the creation of the famous Chinese sports portal Shawei.188bet mobile login)，Served as Chief Technology Officer。Sharway was acquired by TOM Group in 2000。Afterwards，Zhuang Chenchao worked in Washington, USA for four years，Serves as a core member of the World Bank system architecture，Design and develop the World Bank intranet system。

May 2005，Zhuang Chenchao, Dai Furui and Douglas founded 188bet mobile logincom in Beijing，Ren 188bet mobile logincom President，Lead the overall operations of the company。Served as CEO in June 2011，Fully responsible for the strategic planning and operational management of 188bet mobile logincom。

New CEO Chen Zhenyu

Chen Zhenyu graduated from Wuhan University of Water Conservancy and Electric Power。Joined Baidu in its entrepreneurial period in 2001，Five years working at Baidu，Chen Zhenyu has served as an engineer、Technical Manager、Big search department senior manager and other positions，Responsible for web search service with hundreds of millions of visits every day。As one 188bet mobile login few engineers who has fully experienced Baidu’s entrepreneurial process，Chen Zhenyu has accumulated profound experience in designing and building fast and stable large-scale websites；At the same time, we have also accumulated rich management experience。

2005，Chen Zhenyu as one of the co-founders，Create a Chinese RSS aggregation portal—Zhaoxia.188bet mobile login，And serves as Chief Technology Officer。

Joined 188bet mobile logincom in March 2010，Served as Vice President。Mainly responsible for 188bet mobile logincom products and wireless business，Committed to making 188bet mobile logincom’s travel products wireless。

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