Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

New President Brings Major Staff Shakeup to Alibaba's Youku Video Platform

By Shi Rui and Zhao Runhua / Mar 27, 2019 07:25 PM / Business & Tech

Photo: VCG

Photo: VCG

New Youku President Fan Luyuan is making major personnel changes at the Alibaba-owned video platform, internal sources say.

Fan, who is also CEO of Alibaba Pictures, took on the role of Youku’s president earlier this year after predecessor Yang Weidong was revealed to be  “assisting mainland authorities with an investigation into an alleged case of seeking economic benefits,” an expression that usually refers to corruption.

Fan has downsized Youku's online drama production team and transferred some members of the team to Alibaba Pictures, sources told Caixin.

People close to Youku explained that the move could allow Youku to shift its focus toward copyright-related business, while positioning Alibaba Pictures as the platform’s content supplier.

Industry watchers told Caixin this separation of businesses could avoid conflicts of interest for Youku personnel — a common problem under Yang’s leadership.

Youku is also implementing new internal evaluation standards, and will not pay annual bonuses to staff who fail to meet performance expectations, sources told Caixin. Around 10% of Youku’s total workforce will be affected, and many affected employees are likely to voluntarily leave the company, the sources said.

An internal investigation regarding Yang is ongoing.

Related: Youku to Stream ‘Green Book’ in China

Share this article
Open WeChat and scan the QR code