Staff Reporters
Jan 11, 2011

MySpace China lays off two thirds of employees

BEIJING – MySpace China has laid off over 30 of its employees, being the first branch to suffer from a global underperformance, according to Chinese media reports.

MySpace China lays off two thirds of employees

Among those left are Wei Lai, CEO of MySpace China, and Zhenjian Lei, the company's VP for operations.

Gao Qunyao, acting board chairman, has taken over the CEO role for the time being.

The news has been confirmed by Luo Peng, marketing and communications director.

Earlier this week, it was reported that MySpace plans to lay off 550 to 600 employees globally.

Once the top social networking destination, MySpace has been steadily losing users over the past couple of years following the rising success of sites like Facebook and Twitter.

In China, Myspace.cn never managed to break through to the top tier of social networking sites in a fiercely competitive market that involves most of the country's internet giants.

Source:
Campaign China

Related Articles

Just Published

3 hours ago

The Monkeys Sydney, Ogilvy Singapore take home ...

Thai agency Choojai and Friends also emerged as industry favourites, clinching the gold for their lauded "Sammakorn not Sanpakorn" campaign, as a number of other metals were awarded across Asia-Pacific.

19 hours ago

Whose idea is it, anyway?

Jindal Steel campaign that won silver and bronze at the Cannes Lions International Festival of Creativity sparked a row over creative ideation with Wieden+Kennedy

20 hours ago

SIA retains PHD as media agency of record

EXCLUSIVE: After five years of working with PHD, Singapore's flag-carrier Singapore Airlines has retained the agency for media duties.

21 hours ago

Tech On Me: Can adtech wean itself off MFAs?

This week's edition: The fifth The Media Responsibility Index is out, Snap launches a real-time image model, and TikTok ads now have AI creators, among other tech news in the region.