News emerged on the morning of June 29th that Zhu Xu, the former board secretary of China Vanke Co.,Ltd. and the general manager of Onewo City, has left ONEWO. Her position will now be concurrently held by Song Lantao, the general manager of Onewo's Government and Enterprise Customer Service Center.
Zhu Xu's tenure at ONEWO lasted less than one year. Public records indicate her last public appearance was at a signing ceremony in November 2025. According to information from Tianyancha, in February of this year, the business entity for Onewo City, Shenzhen Onewo City Space Operation Management Co., Ltd., completed an industrial and commercial information change, with the legal representative being updated from Zhu Xu to Song Lantao.
Following Shenzhen Metro's comprehensive takeover of China Vanke Co.,Ltd., Zhu Xu underwent several rounds of role adjustments. According to available announcements, in January 2025, Zhu Xu resigned from her positions including board secretary of Vanke and transferred to the Long-term Rental Apartment Business Unit. In March of the same year, she was appointed as a non-executive director and a member of the audit committee at ONEWO. In June that year, Zhu Xu joined ONEWO, taking on the role of business head for Onewo City.
Onewo City is an independent urban services brand launched by ONEWO in 2020. When Zhu Xu initially joined the company, some market analysts viewed the personnel move as an attempt to leverage her accumulated resources in government-enterprise relations and capital operations to accelerate expansion in the urban services sector.
Public information shows that Zhu Xu worked at the Shenzhen State Taxation Bureau early in her career before moving to the corporate sector. She assumed the role of board secretary for China Vanke Co.,Ltd. in March 2016. During the "Baoneng-Vanke" control battle, she utilized her expertise in taxation, finance, and law to assist Vanke in introducing Shenzhen Metro as a "white knight," successfully resolving the company's control crisis. Furthermore, Zhu Xu was once dubbed the "most expensive female board secretary" in the A-share market due to her consistently high compensation, with a pre-tax salary of 8.492 million yuan in 2018, and total annual income exceeding 10 million yuan when combined with economic profit bonuses.
However, amid the profound adjustments in the real estate industry and Shenzhen Metro's complete takeover of China Vanke Co.,Ltd., the era of Vanke's professional managers came to an end. Zhu Xu's compensation also saw a significant decline in line with Vanke's performance downturn, dropping to a pre-tax salary of 1.033 million yuan in 2024. In March 2026, market rumors suggested that Zhu Xu was required to return all her salary and performance bonuses from 2021 to 2024.
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