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PPDAI Group names deputy chairman, co-CEO

Chinese fintech company PPDAI Group Inc. appointed Tiezheng Li deputy chairman and Feng Zhang co-CEO.

Li, who is a co-founder of the company, was previously chief strategy officer and a director, the company said Sept. 7. Zhang was formerly COO of PPDAI Group. As a co-CEO, Zhang will be responsible for the company's consumer finance technology platform business.

The appointments took effect Sept. 6.