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
Updated: Nio restructures in preparation for external financing
The funding boost could help the cash-strapped Nio accelerate into the fast lane.
Posted inHeavy Hitters
Huawei restructures to focus on cloud computing, AI
Huawei is actively opening up new business lines as the impact from US trade sanctions and backlash takes its toll.
Posted inHeavy Hitters
Baidu restructures self-driving unit amid serious competition
The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
Posted inHeavy Hitters
Alibaba sharpens focus on C2M business with Taobao, Tmall restructure
Alibaba looks to shore up growth for its core e-commerce business.
Posted inHeavy Hitters
Alibaba to compete with Meituan, Suning bailed out: Retailheads
Alibaba restructures its local services to better compete with Meituan. Nayuki Tea and Dingdong Maicai go public.
Posted inHeavy Hitters
Ant Group reaches deal with regulators for restructuring: report
Ant has agreed to restructure, putting all business units into a financial holding firm, including technology operations that do not relate to fintech.
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 inHeavy Hitters
Netease restructures amid slowing e-commerce growth
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.
Posted inHeavy Hitters
Tencent, Ant Group banks to take part in digital yuan trials: report
The fintech giants’ licensed online-only banks will be the first of their kind to take part in China’s digital yuan trials.
