Chinese media reports that Perfect World is experiencing a shake-up in its leadership. Its president, Lu Xiaoyin, and CEO, Xiao Hong, are planning to leave their positions.
Perfect New World
According to media reports, the new head of the company will be Gu Liming, who is currently serving as the Senior Vice President. Despite the changes, Lu and Xiao will not completely leave Perfect World. They will remain on the company's board of directors.
It is unknown why the top executives decided to resign. It might be related to Perfect World's financial problems. Previously, the company reported a 64.31% drop in net profit for 2023. Also, a month ago, reports surfaced online about Perfect World laying off several hundred employees.