Huawei announced a reorganization that granted the head of its consumer business group oversight over the company’s car business operations.
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Posted inUp and Comers
EV maker CHJ to restructure into VIE, seeking overseas funds
The Chinese EV maker expects production capacity of 50,000 units by the end of H1 2020.
Posted inOn the Cusp
Briefing: Didi restructures amid safety and monopoly concerns
The murder of two passengers has exposed Didi and China’s ride-hailing industry to increased scrutiny.
Posted inOn the Cusp
Luckin apologizes to staff after month-long fraud tumult
Luckin apologized to its employees for the upheaval following its fraud admission in early April, and on the same day removed its CEO and COO.
Posted inHeavy Hitters
Alibaba looks to Beijing’s OTC market for emerging retail opportunities
The two recently invested companies are listed on Beijing’s NEEQ, home to many emerging internet and tech stocks.
Posted inHeavy Hitters
Bytedance’s Jinri Toutiao removes medical insurance product from app
Hejiabao was positioned to provide financial protection in the event of life-threatening conditions.
Posted inOn the Cusp
NetEase rumored to re-structure gaming departments
NetEase could be restructuring to curtail further losses during the current gaming freeze.
