The resignation of Yahoo! China's president has put the US Internet giant's development in China at a crossroads.

　　The resignation of Yahoo! China's president has put the US Internet giant's development in China at a crossroads .

　　Zhou Hongyi, president of Yahoo! China, said late on Wednesday that he would resign from his post on August 31, but remain a strategic advisory for the Chinese operation of the US Internet behemoth.

　　"After working at Yahoo! for one and a half years, maybe I should have a rest and spend more time with my family," Zhou said on Wednesday.

　　Zhou, founder of the Chinese key worked search firm 3721, which was acquired by Yahoo! in 2003 for US$120 million, signed an agreement to lead Yahoo! China until August 31.