On January 26th, news emerged that Duan Aiguo, the CEO of Yitu Technology, had announced his resignation via WeChat Moments, a popular social media feature in China, and had already secured the company's approval. His future plans are still shrouded in mystery. Before joining Yitu, Duan Aiguo held the position of President at Huawei's Machine Vision division. In October 2023, he took on the role of CEO at Yitu Technology, where he was tasked with spearheading business execution. Yitu Technology, recognized as one of the pioneering "AI Four Little Dragons" in China's tech landscape, has been experiencing a phase of business contraction and strategic realignment during Duan Aiguo's leadership. This shake-up in the top echelons of management could be indicative of the company's struggle to navigate its developmental path. Following the collapse of its initial public offering (IPO) attempt, Yitu Technology has witnessed a substantial downturn in its business operations, with workforce reductions surpassing 70%. Key business segments, notably healthcare, have virtually ground to a halt, and numerous regional offices have been shuttered.
