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Rumor: Aigo Abandons E-Reader Business

Tencent Tech, 7/15/11

A source inside Chinese consumer electronics company Beijing Huaqi (Aigo) said today that the company had dissolved its new services division as part of a decision to leave the e-reader market, and is currently clearing out its e-reader stocks. The source said there had been no change to the company's IPO plans.

According to the source, four senior managers -- including Aigo Electronics VP Huang Huihua, and new services division GM Hu Xiaodong -- recently left the company, and Aigo deputy chairman Qu Jingdong is now a part of Aigo in name only.

Keywords: Hu Xiaodong Huang Huihua HR Qu Jingdong consumer electronics hardware IPO Aigo e-book

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