Zhang Xuefeng Company Follow-up: Insured Participants Increased Over 10-fold in 3 Years, 9 Enterprises with Over 1,000 Insured Participants

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How does the employee rights protection mechanism work after the founder AI passes away?

Feng Xuewei, General Manager of NIO, states that the rights of trainees and employees are protected.

Investment Time Network, Punctuation Finance Express

On March 24, Zhang Xuefeng tragically passed away due to sudden illness after unsuccessful rescue efforts. Feng Xuewei, General Manager of NIO, states that the rights of trainees and employees are protected. Previously, the company drew attention for implementing a four-day workweek.

Tianyancha app shows that Suzhou Feng Xuewei Education Technology Co., Ltd. was established in May 2021. The legal representative is Zhang Xuefeng (Zhang Zibiao). The registered capital is 10 million RMB. Its business scope includes second-class value-added telecommunications, retail of publications, radio and television program production and operation, among others. The company is jointly held by Zhang Xuefeng, Suzhou Yantu Education Technology Co., Ltd., Kangli, and Xie Guixiang.

Information on insured personnel indicates that the number of insured employees increased from 24 in 2021 to 273 in 2024.

Tianyancha also shows that Zhang Xuefeng (Zhang Zibiao) is associated with 11 companies, of which 9 are active, including Suzhou Feng Xuewei Education Technology Co., Ltd., Suzhou Yantu Education Technology Co., Ltd., Beijing Fengyan Fengyu Cultural Communication Co., Ltd., among others. Zhang Zibiao serves as executive director or legal representative in these companies.

Annual report data shows that the total insured personnel in these 9 active companies exceeds 1,000.

Author’s statement: Personal opinion, for reference only.

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