Smartphone Maker Coolpad Announces New CEO After Suddenly Dismissing Predecessor

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By Teng Jing Xuan / Jan 18, 2019 02:45 PM / Business & Tech

Photo: VCG

Struggling Chinese smartphone maker Coolpad has appointed 27-year-old Chen Jiajun as its new CEO, the company announced Thursday.

Chen is Coolpad’s largest shareholder and previously served as director of commercial real estate at the Shenzhen-based property company Jingji. Chen’s appointment comes after Coolpad’s sudden dismissal of its previous CEO Jiang Chao on Jan. 11. Coolpad didn’t give a reason for dismissing Jiang.

Coolpad, once part of blacklisted entrepreneur Jia Yueting's LeEco business empire, was left in the lurch after Jia's businesses collapsed in 2017.

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