Chinese software firm Yonyou picks former senior SAP executive as new president

Chinese enterprise software company Yonyou Network Technology has named Huang Chenhong - former global executive vice-president at German rival SAP - its new president, as the mainland's tech sector scoops up talent from multinational firms that are scaling back operations in the country. Beijing-based Yonyou, a leading enterprise resource planning (ERP) software and cloud services provider in China, said in a statement that Huang's leadership would help the company "capture strategic opportunit