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.
Alibaba restructures business structure two months after Tencent.
The law doesn’t just prohibit fake products and reviews on shopping sites like Taobao.
The restructuring follows reports that Xiaomi is trying to become ‘more regulated.’
The Alibaba restructuring involved fintech affiliate Ant Financial, online travel platform Fliggy, retail, and entertainment units.