Perfect World CEO's Step Down

Perfect World CEO's Step Down

Business

23 July 2024 14:26

Perfect World CEO Xiao Hong and co-CEO Lu Xiaoyin have stepped down from their roles following significant layoffs within the company. Senior VP Gu Liming has been appointed as the new chief executive, according to announcements from Perfect World and reports in Chinese media.

Although Hong and Xiaoyin will remain as directors of the company, the specifics of their continued roles have not been detailed further.

More:PGL Partners with Perfect World

This development follows reports from a month earlier indicating that Perfect World had terminated as many as 1,000 employees across multiple offices in Beijing, Shanghai, Chengdu, and other cities. There were also claims that projects like One Punch Man: World and Perfect New World had halted development.

The Chinese gaming market is not performing better than the Western ones. Many companies in China had to lay off staff to balance the books.

Tags: Perfect World

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Perfect World CEO's Step Down

Business

23 July 2024 14:26

Tags: Perfect World

Perfect World CEO Xiao Hong and co-CEO Lu Xiaoyin have stepped down from their roles following significant layoffs within the company. Senior VP Gu Liming has been appointed as the new chief executive, according to announcements from Perfect World and reports in Chinese media.

Although Hong and Xiaoyin will remain as directors of the company, the specifics of their continued roles have not been detailed further.

More:PGL Partners with Perfect World

This development follows reports from a month earlier indicating that Perfect World had terminated as many as 1,000 employees across multiple offices in Beijing, Shanghai, Chengdu, and other cities. There were also claims that projects like One Punch Man: World and Perfect New World had halted development.

The Chinese gaming market is not performing better than the Western ones. Many companies in China had to lay off staff to balance the books.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

Massive Lay Offs at Perfect World

Perfect World, a prominent player in the Chinese gaming industry, has made the headlines in China due to widespread...

Business

Jun 25, 2024

Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025

GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

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May 02, 2025

EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

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