Liaotianbao, formerly known as Bullet Message, once a fast-rising app that some people saw as a potential challenger to China’s dominant messaging app WeChat, dismissed 200 employees on Tuesday, according to a local media report.
Only a few dozen employees remain and these may be transferred to the app’s backer Smartisan, according to an online report by 36kr.com, which cited multiple sources. Chinese smartphone maker Smartisan did not immediately respond to a request for comment.