Xpeng’s newly appointed CEO assistant Li Pengcheng stepped down as the EV maker continues to adjust its structure. The automaker has seen poor car sales in the last several months and faced heated criticism on pricing and specs after launching its first premium crossover model, G9, in September. Wang Tong, a vice president at Xpeng […]
Chinese short video app Kuaishou once again adjusted its organizational structure on Tuesday, with the former head of product development Wang Jianwei replacing Liu Feng, who had served as head of the commercial department for less than three months. Yu Yue, leader of the community science section, will also now be in charge of the […]
Xpeng Motors plans to do a major reorganization by setting up five new committees and three cross-functional teams for different vehicle platforms as the Chinese auto company aims to encourage collaboration and boost efficiency. The move comes amid a slowdown in car sales and a decline in Xpeng’s share price. Chief executive He Xiaopeng will […]
ByteDance-owned short video platform TikTok is reportedly restructuring its business, with layoffs expected, according to a Wired report on Monday, citing five employees at the firm. TikTok’s business in the US, Europe, and the UK are all affected, as the firm has put expansion plans on hold. An employee told Wired that less than 100 […]
Chinese regulators extended the clampdown on top-earning livestreamers such as “livestreaming queen” Viya and “lipstick king” Li Jiaqi.
China’s tech industry has entered an adjustment phase. Many tech majors are cutting back in some areas while doubling down on others.