Lashou Initiate New Downsizing in Consolidation Effort

Lashou, the Chinese group buying service is reportedly downsizing as it’s striving to consolidate business and bring down costs in an ongoing effort.

Headcount in its tech department would be cut down by 40%, an anonymous Lashou staff told local media so. Song Liming, VP of the company who in charge of Lashou Mall has resigned – confirmed by Lashou – his post.

By the end of last October Lashou boasted over 3100 staff.

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