Nio in diversification drive as it tries to stem its flood of red ink 蔚来止血的策略：往下打
With more losses piling up in this year’s first quarter, the high-end EV maker is betting on two new brands targeting the middle and lower parts of the market 蔚来首季度亏损持续，市场寄望刚发布的品牌「乐道」可在下半年获得销售佳绩
Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.