Music entertainment group Tencent announced a new CEO and chairman late on Wednesday.
In a statement, the Chinese music streaming company said Zhu “Ross” Liang has been appointed as CEO, and Cussion Kar Shun Pang has been appointed chairman of the board.
Cussion has been CEO since 2016. He will replace “Dowson” Tong Tao Sang, who will resign as chairman after 5 years.
Zhu has been a vice president of Tencent since 2016 and has previously worked at Huawei Technology Co.
“I am delighted that Ross joins our team as CEO. Ross’s proven track record in building successful online entertainment platforms and social ecosystems, combined with his extensive experience, delivers strong results through expansion. success into new business areas, making him ideal for accelerating our evolution into an all-in-one online music and audio entertainment destination in China, ”said Cussion. in a statement.
Last month, Shenzhen-based Tencent Music announced plan to repurchase 1 billion dollars of stocks, after that Its fourth quarter earnings lacked expectations. and the US Securities and Exchange Commission said it has already started taking steps to execute Strict financial monitoring of foreign companies.
Receipt of custody in the US of Tencent Music
down about 6% from the previous year, but has increased 68% in the past year.