The restructuring is the search giant’s latest move to ramp up business amid challenges from emerging domestic rivals.
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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
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
Lenovo China restructures to become more customer-centric
A previous restructuring last May helped boost its faltering finances.
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
Chinese travel firms restructure apps to comply with new e-commerce law
The law doesn’t just prohibit fake products and reviews on shopping sites like Taobao.
Posted inHeavy Hitters
Xiaomi restructures mobile phone business as company moves away from ‘flat’ structure
The restructuring follows reports that Xiaomi is trying to become ‘more regulated.’
Posted inThe Numbers
Briefing: Xiaomi purchases 0.5% stake in electronics giant TCL
The investment and cooperation agreement with Xiaomi could streamline TCL’s move away from consumer electronics.
Posted inHeavy Hitters
Briefing: Faraday Future settles months-long dispute with investor Evergrande
Both parties have agreed to drop all litigation against each other.
Posted inWith Chinese Characteristics
Ping An to fold P2P lender Lufax into new consumer finance arm: report
Regulators are requiring P2P firms to clear outstanding loans within a year.
