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 opportunities in digital transformation, the rise of domestic technology solutions and the global expansion of Chinese enterprises”.
Huang, who had also served as president of SAP Greater China, left the German firm last October after the enterprise software giant announced plans to restructure its operations in the region. That entailed a merger of SAP’s Greater China business and Asia-Pacific and Japan unit to form a new Asia-Pacific regional operation from January 1 this year.
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Yonyou’s appointment of Huang reflects a growing trend in China’s technology industry, where domestic companies recruit highly experienced executives from multinational firms to bolster their industry expertise.
Earlier this month, Hua Hong Semiconductor – China’s second-largest chip foundry – signed up ex-Intel global vice-president Bai Peng to a three-year contract as its new president, while Beijing Electronic Digital and Intelligence named former IBM Greater China chief technology officer Xie Dong in a similar role in the state-owned cloud computing firm.
Yonyou Network Technology last year was ranked by tech research firm Gartner as one of the world’s top-10 enterprise resource planning software providers. Photo: Shutterstock alt=Yonyou Network Technology last year was ranked by tech research firm Gartner as one of the world’s top-10 enterprise resource planning software providers. Photo: Shutterstock>
Huang also previously served as chairman and president of Dell Greater China, president for Greater China at APC by Schneider Electric, a manufacturer of uninterruptible power supplies, and president at network technology firm Tellabs China. He earned his PhD in electrical engineering from Texas A&M University in the US, after receiving his bachelor’s and master’s degrees from Fudan University in Shanghai.
He replaced Chen Qiangbing, who held the position of Yonyou president for less than a year after the company’s billionaire founder, Wang Wenjing, stepped down from that role in January 2024. Wang, who founded Yonyou in 1998, remains the company’s chairman.
Yonyou said in its statement that it is well-positioned to serve the increasing number of Chinese companies seeking domestic enterprise-management solutions. Its ERP software is used by organisations to manage day-to-day business activities such as accounting, procurement, project management, compliance and supply chain operations.
The company’s international operations serve more than 1,000 companies overseas, of which 40 per cent are Chinese enterprises. Its cloud computing services enable enterprises to manage or distribute over the internet a range of software and other digital resources as an on-demand service, just like electricity from a power grid.
In 2023, Shanghai-listed Yonyou reported its first loss in 22 years. As its losses deepened in 2024, Yonyou’s share price plunged 35 per cent.
This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP’s Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.
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