February 8, 2023

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Sina Tech reported on Thursday that, in keeping with a minimum of two resources, Chinese language health era corporate Stay has lately performed a large-scale organizational restructuring to make stronger potency. The purpose is to extend customers and earnings, in addition to to beef up organizational potency.

Every other supply stated that the corporate would quickly publish an utility for a list listening to at the primary board of the Hong Kong Inventory Alternate (HKEx). Subsequently, this organizational restructuring is thought of as as probably the most measures for Stay to arrange to hold out an IPO. The corporate answered to Jiemian Information that equivalent structural changes were made at least one time in line with 12 months right through its seven years’ expansion length.

The corporate’s organizational construction has been adjusted as follows. The RDC division was once cut up and its content material and operation had been assigned to the Stay app, which Peng Wei is accountable for. As well as, Peng may be in command of the company’s club industry. Whilst the RDC retained its “Center Platform Division,” the top Huang Jingjing now reviews without delay to Wang Ning, founder and CEO of Stay. As well as, Huang may be accountable for the company’s promoting industry.

Liu Dong, co-founder of Stay, remains to be in command of the corporate’s shopper items industry which is principally the R&D and gross sales of sports wear, AIoT, different shopper items in addition to sensible gadgets.

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In keeping with lately published knowledge, shopper industry is Stay’s primary source of revenue supply but even so its club and promoting, accounting for the most important percentage of Stay’s source of revenue. After this spherical of restructuring, Liu deliberate to transport the entire industry from Beijing to Hangzhou whilst some teammates labored in Shenzhen.

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Following the creation of a CPO and CFO, the corporate presented CMO (Leader Advertising and marketing Officer) Li Dan on the finish of 2021, principally accountable for the selling division and reporting without delay to Wang Ning. Ahead of becoming a member of this corporate, Li had labored for Tencent, OPPO and different firms.