LeTV's founder to resign as CEO

Updated 2017-05-22 09:01:31 CGTN

LeTV, one of China's largest online video companies, announced on Sunday that Jia Yueting, its founder, will step down as CEO of the company, but will retain the position of chairman.

Jia said at a press conference that he and other decision-makers agreed that LeTV had entered a quasi-mature stage. With this rapid development, the company now has to handle more businesses. Last year, LeTV experienced operation problems: through this structural adjustment, a stronger management team will lead LeTV to a better future, Jia said.

Liang Jun, current vice general manager of LeTV, will take over as CEO.

Liang graduated as an EMBA (Executive Master Of Business Administration) from China Europe International Business School. Before he went to LeTV, he worked for Lenovo Group.

Liang currently holds 234,100 shares, accounting for 0.01 percent of the total share capital.

CFO Yang Lijie will also resign and be replaced by Zhang Wei, the CFO of LeTV Holdings Co Ltd. in China.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 22 2018 02:04:22

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 22 2018 02:04:22

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 22 2018 02:04:22

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords