Qiu Han has resigned as CEO of PayPal China after nearly six years in the role, with Zhang Hong, the company's head of legal affairs in China, stepping in as her successor. PayPal has affirmed its ongoing commitment to the Chinese market, stating that this leadership change will not impact its strategic direction or daily operations. Qiu Han, appointed as Senior Vice President and CEO for China in August 2020, has a background with companies like General Electric and Standard Chartered Bank, and previously held a leadership role at OneConnect, a fintech subsidiary of Ping An Group.