A number of employees from Royole, a flexible display developer in China, told local media outlet on Thursday that, as of Friday night, they had received all the wages they were previously owed.
Shenzhen-based rollable display developer Royole, which once had a valuation of more than 50 billion yuan ($7.8 billion), was reported to have a shortage of funds and faced arrears in its employees' salaries.
Recently, a probationary Freshippo employee was dismissed from the company for leaking his salary which the company viewed as disclosure of commercial secrets while the employee disagreed with the allegation.
Several payslips from Huawei Technologies Co., Ltd.'s Data Center Energy Corps were exposed on the Internet. The payslips were from the month of November 2021.
Chinese flexible display maker Royole has delayed paying salaries to employees for months after the money-losing company ditched its initial public offering (IPO) plan in Shanghai's Nasdaq-like STAR Market in February.
According to some users on Chinese professional networking site Maimai, popular domestic video-sharing platform Kuaishou will lay off 30% of its employees in the near future.