financial challenges

Suning.com Completes Board Reshuffle and Executive Appointment

On April 6, Suning.com, a Chinese e-commerce platform, held an extraordinary shareholders' meeting at its headquarters in Nanjing. The purpose of the meeting was to confirm the members of the eighth board of directors and supervisory board.

$19M in Assets of WM Motor’s Shanghai Sales Subsidiary Get Frozen

Five companies recently applied to Chinese courts to freeze property owned by a subsidiary of electric vehicle firm WM Motor totaling about 130 million yuan ($18.9 million). Legal bodies have now agreed to the appeal.

Flexible Display Maker Royole Sees $5.3M in Assets Frozen

Former flexible display unicorn Royole Technology has recently been plunged into a new crisis, after 37 million yuan ($5.3 million) in assets were frozen by a local court.

Embattled Missfresh Conducts Business Restructuring Plan

Xu Zheng, the founder of Chinese fresh grocery e-commerce company Missfresh, which is caught up in a mounting capital crisis, has said that the firm is now intensively pushing forward a business restructuring plan.

Evergrande Auto to Be Merged, Tianjin Factory to Shut down

Forty-three days after the pre-sale of its Hengchi 5 model began, Evergrande Auto is reportedly to be acquired by another automobile company, and this acquisition may be led by the local government.

Flexible Display Manufacturer Royole Initiates Layoffs

Flexible display maker Royole Corporation started a round of layoffs on Wednesday. This is the first round of large-scale layoffs at the company since it fell into a capital shortage crisis.

Chinese Integrated Circuit Maker Tsinghua Unigroup Finalizes Strategic Investors; Refuses Alibaba

On December 10th, heavily indebted integrated circuit maker, Tsinghua Unigroup, finalized its circle of strategic investors under the supervision and guidance of the court.

Bullet Messenger Cooled Off as Smartisan Rumored to Face Financial Challenges

It has been quiet about the Chinese messaging app Bullet Messenger lately, until a recent news report suggested the app had been temporarily removed from app stores due to copyright breaches over some of the pictures used in the app. But with the efforts of the Bullet Messenger engineering team, the application went back on […]

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