China Finance Online (ticker: JRJC) held a conference call last week to address recent management changes. Here is what participants including outgoing Chairman and CEO Jun Ning, newly appointed CEO Zhiwei Zhao, and incoming Board Chair Hugo Shong had to say:
- The company's subscription business remains weak.
- Its personal finance product for individuals looks promising and will be rolled out in Q3.
strategy has been successful.
- New management will stick with the
existing strategy going forward.
- The goal is to speed the roll-out of
Comment: A major management shake-up and no change of strategy???? Subscription growth has been flat, the company is searching for new sources of revenue, the stock is down (a lot!) and the company is planning to stay the course? Hmmm......
See what management said would drive Q2 revenue here.
Not subscribed to The China Stock Blog? You can get updated headlines for free by adding The China Stock Blog to your My Yahoo page. Just log into your My Yahoo
page, then go to The China Stock Blog and click on the "+ My Yahoo"
button on the top right of your screen. You can do the same for other sites, such as The Internet Stock Blog, ETF Investor, and Sound Money Tips.