Recruiting in China

SHANGHAI, Oct 18 (Reuters) - Yahoo China has appointed Xie Wen, former CEO of financial Web portal Hexun.coma, as its new general manager, sources said on Wednesday.

The appointment was effective on Tuesday, one source confirmed. Yahoo China's former general manager, Tian Jian, is now vice president of Alibaba's M&A department and will be in charge of the company's strategic investment and acquisitions.

Yahoo Inc.'s (YHOO.O: Quote, Profile, Research) main China business consists of a 40 percent stake in Alibaba.com that it bought last year for $1 billion. As part of the landmark deal, Yahoo Inc. folded its previous China business into Alibaba. (Additional reporting by George Chen)