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 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 investment and cooperation agreement with Xiaomi could streamline TCL’s move away from consumer electronics.
Both parties have agreed to drop all litigation against each other.
Regulators are requiring P2P firms to clear outstanding loans within a year.