Nio is restructuring again in a quest for profits

By Jill Shen

Nio is losing the head of its electric power engineering division, the company confirmed on Wednesday, as it begins another round of consolidation and headcount trimming in an effort to live up to ambitious profitability goals laid out by its CEO last …

Nearly 2 million people have used Alipay to find a job

By Lavender Au

Alipay is looking to attract workers looking for employment to its platform and is offering contactless job fairs that it says so far 60,000 companies have registered for.

Why it matters: Alipay is competing with Meituan and WeChat to gain share in …

Bytedance reshuffles executives to focus on overseas

By Wei Sheng

TikTok owner Bytedance announced Thursday a major leadership reshuffle with company founder and CEO Zhang Yiming shifting to take charge of the company’s overseas business.

Why it matters: Zhang’s direct takeover of Bytedance’s overseas operati…