The Collapse of Jietue Auto: Failure Despite Backing from Giants, and the Employees' Plight
The Collapse of Jietue Auto: Failure Despite Backing from Giants, and the Employees' PlightIn the early hours of December 13th, around 2 AM, Xia Yiping, CEO of Jietue Auto, remained trapped in a meeting room at the company's Shanghai headquarters. Hundreds of employees gathered outside, agitatedly demanding that Xia, along with major shareholders Baidu and Geely, provide solutions regarding the company's dissolution and employee compensation...
Geely and Baidu Jointly Declare Commitment to Addressing Jietu Auto Employee Social Security and Related Issues
Geely and Baidu Jointly Declare Commitment to Addressing Jietu Auto Employee Social Security and Related IssuesOn December 13th, Geely Holding Group and Baidu Group issued a joint statement expressing their commitment to actively resolving challenges recently faced by Jietu Auto. The statement clearly indicates that as shareholders of Jietu Auto, Geely and Baidu will fully assist Jidu management in properly handling related matters, prioritizing employee welfare and user interests...