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Jiyue Said to Probably Not Go Bankrupt; Jidu in Communication with 3-4 Reorganization Parties Now
Xu Jiye, the former head of public relations at Jiyue, once posted on Moments saying that it is highly probable that Jiyue will not go bankrupt, according to Chinese media. The Boa...
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Jiyue Said to Probably Not Go Bankrupt; Jidu in Communication with 3-4 Reorganization Parties Now
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Xu Jiye, the former head of public relations at Jiyue, once posted on Moments saying that it is highly probable that Jiyue will not go bankrupt, according to Chinese media.

The Board of Jidu has agreed to the reorganization, while Jidu is currently in the process of communicating with 3 to 4 reorganization parties.

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Jiyue, jointly created by BIDU-SW (09888.HK)  -0.500 (-0.562%)    Short selling $137.07M; Ratio 18.639%   and Geely Holding Group, was said to be on the verge of bankruptcy last year as its shareholders would no longer invest in the company, with several divisions disbanded immediately and some of its stores closed temporarily.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-08 16:25.)

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