China Literature Group changed coach again: CEO Cheng Wu resigned and President Hou Xiaonan took over.
CTOnews.com May 9 news, China Literature Group today announced a management adjustment, the current China Literature Group CEO (CEO) Cheng Wu resigned as a result of personal life planning adjustment of the current management position. The board of directors appointed Hou Xiaonan, president of China Literature Group, as the CEO of China Literature Group.
According to the announcement, Hou Xiaonan joined Tencent in 2003 and has successively held management positions in a number of businesses, including Mobile QQ, Qzone, Tencent Open platform, Tencent YingYongBao, Qingteng and Tencent content Open platform. He is the core figure of Tencent's open strategy and has accumulated rich management experience in product operation, business model innovation and ecological cooperation. At present, Hou Xiaonan is also the vice president of Tencent platform and content business group and is in charge of Tencent Animation and Comic's business.
On March 16, 2023, China Literature Group released the 2022 performance report, with revenue of 7.63 billion yuan, down 12% from the same period last year. Net profit based on non-international financial reporting standards was 1.35 billion yuan, up 9.6% from the same period last year.
CTOnews.com found that this is the second time China Literature Group has changed his coach since its establishment. In 2020, Wu Wenhui, former president of Shanda Literature, stepped down as China Literature Group CEO (China Literature Group was formed by the merger of Tencent Literature and Shanda Literature), and two Tencent executives, Cheng Wu and Hou Xiaonan, took over as chief executive and president, respectively.
During his term of office, Cheng Wu led the management team to upgrade and reengineer the content, platform, and organization, put forward the "Big China Literature" strategy, and defined three key directions within China Literature:
We will continue to develop the ecology of writers and content, establish a cross-company and cross-industry United front in copyright protection, continue to support science fiction, reality and other categories and new writers, and actively explore more ways to distribute content.
Deeply cultivate the ecological chain of IP and enhance its commercialization ability, establish a long-term relationship of mutual trust with strategic partners, realize the sound, animation, film and television, games and derivatives adaptation of more IP, such as "Qingyu year", "son-in-law", "break the firmament of heaven" and "Dafong hit more people"; and actively explore the extension of IP in games, derivatives and other fields on the basis of visualization.
Pay attention to cutting-edge scientific and technological innovation, pay attention to the improvement of user innovation experience and IP adaptation efficiency of artificial intelligence represented by AIGC.
