The funding boost could help the cash-strapped Nio accelerate into the fast lane.
Huawei is actively opening up new business lines as the impact from US trade sanctions and backlash takes its toll.
Huawei announced a reorganization that granted the head of its consumer business group oversight over the company’s car business operations.
The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
Alibaba looks to shore up growth for its core e-commerce business.
The downsizing follows a round of restructuring earlier this year, as Netease seeks to increase its focus on its two main businesses — e-commerce and gaming.
A previous restructuring last May helped boost its faltering finances.
The Chinese EV maker expects production capacity of 50,000 units by the end of H1 2020.
The newly-formed department will be considered the cradle of “new growth engines.”
The murder of two passengers has exposed Didi and China’s ride-hailing industry to increased scrutiny.