On March 28, Daniel Zhang, the Chairman and CEO of Alibaba, sent a letter to all employees informing them about significant organizational changes that will be taking place.
Internal adjustments to the organizational structure of Chinese electric vehicle maker XPeng are nearing an end, and some departments have implemented small-scale layoffs.
Haidilao, a popular Chinese hot pot restaurant chain, on August 30 released its financial report for the first half of this year. The company is considering the possibility of resuming operations at some stores that had been closed under last year's cost reduction plan.
Chinese video streaming platform Bilibili has been continuously adjusting its organizational structure in the past week, involving several core business departments and six business leaders.
On July 15, six vehicle companies including Leopaard began to undergo merging and restructuring. Hongdian New Energy, with Chinese EV startup WM Motor as a shareholder, has been chosen as the exclusive investor for restructuring.