Three Le.com executives resign as company faces over RMB 3 billion in debts

Three executives of cash-strapped Leshi Internet (Le.com) have resigned, including its general manager, Liu Shuqing.

Liu’s reason for leaving is to “adjust personal work plans,” while deputy general manager Yuan Bin and board director Li Yuhao resigned for “personal reasons.” Liu will retain her position as chairwoman of the board, according to an official disclosure posted on the Shenzhen Stock Exchange website on Friday.

On Thursday, Zhang Wei officially replaced Liu as Le.com’s general manager, an appointment that is planned to last three years.

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom