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.

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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

CS Asia Championship Announced

Perfect World has unveiled full details for the upcoming CS Asia Championship (CAC) 2025, a high-stakes Counter-Strike 2 tournament scheduled...

More

Aug 01, 2025

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

Team BDS Renamed as Shifters

In a bold move marking a new chapter, esports organization Team BDS has officially rebranded as Shifters, a shift designed...

Business

Dec 16, 2025

NAVI Reveals PrivatBank VISA Card

NAVI has launched a special cashback card created with PrivatBank and Visa, giving players bonuses on the games and items...

Business

Dec 10, 2025

Feeble Minds Announced

Two of Coffee Stain’s co founders, Oscar Jilsén and Mikael Mård, have revealed that they have started a new game...

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