Lenovo's founder Liu Chuanzhi and Didi Chuxing's president Jean Liu have hidden all posts on their social platforms, joining other tech moguls who reduce their presence on social media. It was reported that Weibo users had noticed their decision to hide all old posts, but both the individuals did not offer any reason for the decision. Liu has about 878,000 followers on his Weibo account, and all of his 112 posts are hidden at the moment. On the other hand, Didi's Liu, who has about 10.35 million users on Weibo, also hid all posts.
MARKETING-INTERACTIVE has reached out to both Lenovo and Didi Chuxing for more details.
Other tech companies' management has stopped updating their social platforms or switched their accounts to private. For example, Bytedance founder and CEO Zhang Yiming, who has about 169,000 followers on Weibo, has also hidden all posts. Zhang stepped down as chairman of the company last year. However, he was said to be staying on with the company to help formulate the company's longer-term strategy.
Meanwhile, Alibaba co-founder Jack Ma's last post available to be seen by the public was published in April 2020.
Didi Chuxing has been under scrutiny since its listing in the New York Stock Exchange in June 2021. Last last year, the company said on its Weibo account that after meticulous study, it will start working on the delisting and kicking off the listing in Hong Kong. It offered no other information on Weibo. Moreover, on its website, it said, "The board of directors has authorised and supports the company to undertake the necessary procedures and file the relevant applications for the delisting of the company’s ADSs (American depositary share) from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the company on another internationally recognised stock exchange at the election of ADS holders."
In late November 2021, Chinese regulators asked Didi Chuxing's executives to work on a plan to delist from the US due to concerns about leakage of sensitive data.
It added that the company will "organise a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The board has also authorised the company to pursue a listing of its class A ordinary shares on the main board of the Hong Kong Stock Exchange."
In addition to Didi's potential delisting from the US, Lenovo has recently appointed dentsu to manage media duties in Asia Pacific while Performics will retain the paid media business for Lenovo in China as well as the company's global eCommerce business. At the same time, Stagwell Agency's Assembly will support Lenovo for media duties across Europe, the Middle East, and Africa; North America; and Latin America. MediaSense handled the pitch.
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