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Chinese business news platform Huxiu.com reported on Monday that Ofo is laying off around half of its employees. Huxiu also said Ofo's overseas department had been disbanded, with three high-level executives leaving the firm. Ofo's co-founder Yu Xin responded on his WeChat account that the information was untrue.
Chinese actress Zhong Chuxi releases fashion photos. [Photo/Official Weibo account of Our Street Style]
Chinese TV maker TCL, for example, unveiled a new smartphone series that includes a 5G-compatible model — the TCL 10 5G. The phone, which is set to launch globally later this year, is budget-friendly at 0.
Chinese property developers, both big and small, have ramped up investment in the housing rental market while Internet giants like Tencent and Alibaba also jumped on the rental service wagon.
Chinese investment bank China International Capital Corporation has sealed an agreement to acquire a majority stake in US asset management firm Krane Funds Advisors.
来源：资阳报