The funding boost could help the cash-strapped Nio accelerate into the fast lane.
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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
UPDATED: Huawei restructures cars business while selling Honor phone brand
Huawei announced a reorganization that granted the head of its consumer business group oversight over the company’s car business operations.
Posted inHeavy Hitters
Alibaba reshuffles executives in fintech, travel, retail units
The Alibaba restructuring involved fintech affiliate Ant Financial, online travel platform Fliggy, retail, and entertainment units.
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 inEvents
A recap of SWITCH sessions by TechNode
At SWITCH, TechNode and TechNode Global spotlighted the faces that make up the Chinese tech innovation ecosystem.
