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SAP Board Member Qi Lu Resigns After US Sanctions On Fund

UTC · Handelsblatt

Sources

Softwarehersteller: SAP-Aufsichtsrat legt nach US-Sanktionen Mandat nieder · Handelsblatt

Qi Lu left SAP's supervisory board with immediate effect, weeks after the US State Department sanctioned his venture fund Miracle Plus on 19 October.

  • SAP confirmed Wednesday that Qi Lu told the board he was resigning for personal reasons, effective immediately.
  • The US State Department sanctioned Lu's venture fund Miracle Plus on 19 October.
  • Sanctions stem from Miracle Plus seed-funding Shanghai Zhisuan, accused by Washington of stealing Google secrets.

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