JIYUE Bankruptcy Restructuring: Seeks Middle East Investors, Baidu to Exit
Whether JIYUE can successfully secure new capital hinges on its ability to properly resolve the debt issue and rebuild market confidence.
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Flash: JIYUE in Talks with 3–4 Parties to Avert Bankruptcy
Xu Jiye announced JIYUE is unlikely to go bankrupt as restructuring talks with 3-4 parties commence, following financial troubles and issues from Baidu’s audits.