Category: China

HiPhi founder apologizes to employees, says firm has only 3-month window left

Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments.

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Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say

Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said.

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