Nov 25, 2022 08:57 PM

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Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

WM Motor slashes salaries amid expanding losses

WM Motor Holdings Ltd. is cutting salaries by half for management and by nearly a third for staff members, Caixin has learned, as the electric-vehicle startup struggles with sluggish sales and ballooning losses.

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