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 Chinese EV maker expects production capacity of 50,000 units by the end of H1 2020.
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 restructuring follows reports that Xiaomi is trying to become ‘more regulated.’
The law doesn’t just prohibit fake products and reviews on shopping sites like Taobao.
Moving the whole iPhone production outside China is not impossible but would be difficult.
Regulators are requiring P2P firms to clear outstanding loans within a year.
A major stakeholder is selling off most of its shares in Yidian’s parent company, reportedly to prepare for an IPO on Shanghai’s new tech bourse.