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Chinese EV Brand Hycan Dismisses All Employees of Shanghai Branch – Pandaily

On November 15th, according to Chinese media Yicai, the Chinese electric vehicle startup Hycan has dismissed all employees of its Shanghai branch and has delayed paying severance compensation to the laid-off employees. Several former employees of Hycan’s Shanghai branch who have already left their positions told reporters, “Originally, it was agreed to pay the N+1 […]

Kano plans industrial partnership with Chinese firms 

Kano Investment Promotion Agency and Diaspora (KanInvest) has renewed its strategic trade plan and unveiled an investment opportunity to attract a Chinese industrial hub. In its latest move to harness foreign investors, the leadership of KanInvest last week hosted five Chinese government officials and ten representatives from key local enterprises to cement the direct […]