Some of those missing checks went astray due to bureaucratic snafus: It looks like Microsoft may have sent Yang's money to the wrong address.

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The company has already moved in the tablet space and while it may be a latecomer, Yang said that they plan to take on mobile powerhouses Apple (AAPL) and Samsung going forward, the China Daily reports.

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Some tech executives and investors argue that Yang's leadership may boost deal making.

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