500.com COO Zheng steps down

500.com, an online sports lottery service provider in China, said Lei Zheng has resigned as chief operating officer of the company due to personal reasons, effective Friday.

The company said it has no plan to appoint a successor at this point.

“I would like to thank Lei for his invaluable service and contribution to the company,” commented said Yonghong Zhang, chairman of the board.

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