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The IT Times reported on Monday that Geely has set up a mobile phone research and development center in Shanghai and will build its own factory in Wuhan, Hubei Province.
Chinese electric vehicle maker Xpeng is building a factory in the city of Wuhan that will have the capacity to produce 100,000 EVs a year, the company announced on Thursday.
Huawei is expanding its research and development staff in Russia. The company is planning to recruit more than 500 employees by the end of the year raising that number to 1,500 in the next five years.
Oracle is laying off over 900 staff members, mainly from the China Research and Development Center (CDC), as the conference call in the China area confirmed.