Market Chatter: Baidu, Geely to Help Resolve Problems at Joint Venture

MT Newswires Live12-13

Baidu (BIDU) and Geely said Friday that they are committed to assisting their electric vehicle joint venture Ji Yue Auto in resolving employee disputes over social welfare benefits and severance payments, Reuters reported, citing official posts on Chinese social media.

The statement, posted on the Weibo platform, came a day after images of Ji Yue Auto employees demanding unpaid benefits surfaced, the report said.

Baidu did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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