Hong Kong virtual bank Fusion Bank (Fusion Bank), a Hong Kong virtual bank in which Tencent has a shareholding, reported layoffs after changing its CEO last month. It is said that about 20 people have been laid off. For contract workers, Furong Bank responded that in order to cooperate with the bank's strategic upgrade, the bank has optimized its existing business plan and has received unanimous support from shareholders. In the bank's strategic upgrading and business development, excellent financial and technological talents are needed to join the team, and they will be recruited in the market according to normal procedures. Data show that Furong Bank's losses continued to expand last year, with operating expenses increasing by 25.1% to 525 million yuan. The loss expanded from 435 million yuan the year before to 534 million yuan last year.