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Volkswagen partners with China's Hefei city and JAC to develop self-driving vehicles
The automaker wants to stay relevant in China's mobility market.
1 min read
The company sought a Hong Kong listing five years ago, but was turned down.
The deal will see them collaborate on traffic exchange, data management, and branding.
It bought some patents of smartphone maker Smartisan earlier this year.
But trading will continue in Hong Kong.
Wang was detained by the police for five days.
Its stock price dropped by 11%.
Focus on the apparel category is the main factor for profitability improvement.
The new funding will improve its financial conditions.