BEIJING, Dec 11 (Reuters) - Baidu and Geely's
carmaking joint venture, Ji Yue, is actively raising funds and plans to streamline its operations, it said on social media on Wednesday.
Ji Yue will merge departments and positions with duplicate functions and overhaul inefficient internal processes, it said.
The automaker will also ditch projects that do not add to its financial performance in the short-term, it said.
(Reporting by Yukun Zhang and Ryan Woo, Editing by Louise Heavens)
((yukun.zhang@thomsonreuters.com;))
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