Lanma Tech Faces Salary Dispute and Financial Crisis
Chinese artificial intelligence company Lanma Tech, established by Zhou Jian, is currently under intense scrutiny due to significant financial difficulties and unresolved labor disputes. According to reports from the Chinese media outlet iThome, the firm has failed to pay employee wages since January 2025. The company allegedly owes staff at least 8 million yuan, approximately $1.1 million, in back pay, excluding outstanding social insurance and housing fund contributions. Amidst this crisis, some employees received termination notices without clear explanations. Founder Zhou Jian admitted to management errors and confirmed that the company underwent restructuring and layoffs during the recent New Year period. He stated that two-thirds of the owed compensation has been paid and that the workforce has been reduced to around 20 employees. To address the financial shortfall, Zhou claims to have mortgaged and sold personal properties, although skeptical employees remain unconvinced. Currently, the founder is exploring potential acquisition opportunities as a strategy to stabilize the company's future operations and resolve its lingering debt obligations.
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Lanma Tech Faces Salary Dispute and Financial Crisis
Chinese artificial intelligence company Lanma Tech, established by Zhou Jian, is currently under intense scrutiny due to significant financial difficulties and unresolved labor disputes. According to reports from the Chinese media outlet iThome, the firm has failed to pay employee wages since January 2025. The company allegedly owes staff at least 8 million yuan, approximately $1.1 million, in back pay, excluding outstanding social insurance and housing fund contributions. Amidst this crisis, some employees received termination notices without clear explanations. Founder Zhou Jian admitted to management errors and confirmed that the company underwent restructuring and layoffs during the recent New Year period. He stated that two-thirds of the owed compensation has been paid and that the workforce has been reduced to around 20 employees. To address the financial shortfall, Zhou claims to have mortgaged and sold personal properties, although skeptical employees remain unconvinced. Currently, the founder is exploring potential acquisition opportunities as a strategy to stabilize the company's future operations and resolve its lingering debt obligations.
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