According to media reports, on October 16, 2020, the Hefei Municipal People's Court of first instance ruled that Lu Yun, a former iFLYTEK employee of the University of science and technology, should pay his old employer 12 million yuan as liquidated damages and leave Tencent.
It turns out that the company Lu Yun founded was acquired by iFLYTEK, and a few years later, he left to work for Tencent. IFLYTEK sued that Lu Yun violated the non competition agreement, which directly led to the failure of its previous purpose of acquiring Lu Yun to establish the company and caused huge economic losses.
The latest development of the case is that Lu Yun has appealed. He said he would go to Tencent when he left, but the other side only told him not to do competitive product business. In addition, the acquisition of both sides signed a gambling agreement, he completed the relevant assessment, and will not cause the original acquisition purpose failed.
Lu Yun further pointed out that even if it constituted a violation of the non competition agreement, the liquidated damages of the first instance compensation were extremely high. Whether or not to resign in the end will be decided after the second trial.
On Monday, the relevant person in charge of iFLYTEK said that the case has not yet come into force and it is inconvenient to disclose too much. They are also waiting for the final ruling of the court.
According to the data, Lu Yun is the founder of jieling.com, a k12 education brand, and once served as the vice president of iFLYTEK education BG.