Qutoutiao announced that Mr. Lei Li has resigned from the position of CEO due to personal reasons and will remain as Director and Vice Chairman of the board of the company. Mr. Eric Siliang Tan has taken over as CEO of the Company. The company also announced the appointment of Mr. Xiaolu Zhu as Co-CFO of the company, Mr. Zhu will be responsible for investor relations and capital markets related affairs.

Prior to joining, Mr. Zhu served as CFO at KrSpace Inc. from April 2018 to March 2019, and as CFO of Qunar from January 2016 to November 2017.