GoKawiilDreame shuts down car unit after Chinese state funding dries up
Dreame, the Chinese vacuum maker turned aspiring tech conglomerate, has reportedly dissolved its automotive division 'Project Starry Sky,' which once had over 1,000 employees and produced a rocket-engine concept car shown in San Francisco. Only a small legal and HR team remains to wind down the unit, after Chinese regulators tightened scrutiny of the $3.4 trillion private fund industry and singled out Dreame's spending.