The Wall Street Journal - BEIJING—Mass resignations by business executives at China's Caijing magazine are fueling doubt over the future of the country's most influential business publication and the efforts of its pioneering editor to reshape journalism in China.
The departures stem from disagreements between the Caijing staff, led by managing editor Hu Shuli, and the company that publishes it, SEEC, over issues ranging from business strategy to editorial freedom, according to Caijing employees and others familiar with the situation.
Ms. Hu is currently negotiating with SEEC for greater control over Caijing's future, but could resign soon, likely prompting another wave of resignations, this time by the editorial staff, people close to her say. One person familiar with the situation described the negotiations with SEEC as "anything but smooth."
About two-thirds of the more than 100 business staff at Caijing tendered their resignations shortly before the Oct. 1 National Day holiday, the knowledgeable people say.
Ms. Hu declined to comment. SEEC officials couldn't be reached. The resignations were reported Monday by The South China Morning Post.
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