China Evergrande, the second-largest real estate developer in China, has been narrowly dodging default for months. The Company has more than US $300 billion in debt that, as it warned the market back in September, it believed would be difficult for it to service. (As an aside, it is believed that China Evergrande could have an additional US $150 billion in debt,...
Some improvement in financials was accompanied by new product initiatives. Amid the recurrent waves of COVID-19 restrictions in China, on-demand retailing, which combines online experience and offline channels, is acting as a stabilizer in the consumer goods industry. Once tried, more people are choosing to stick to O2O-based consumption. According to an...
Gong Yu, CEO of iQIYI, said, 'the focus now is to increase revenue and reduce expenditure, cut down inefficient businesses and projects, and increase and try new monetization opportunities.' On December 1, iQIYI carried out a round of large-scale layoffs. According to many laid-off employees, almost all employees in some departments have been laid off, and even...
The sedan also debuted in other Central American countries. BYD announced today that it has launched its flagship sedan Han EV in Costa Rica, in partnership with local distributor Corimotors. "This cooperation will drive down carbon emissions to reach Costa Rica’s net-zero emissions goal by 2050," said Pedro Dobles, the General Manager of Corimotors. "As BYD's...
As of Q3 2021, Xiaomi has invested in more than 360 companies, with a book value of CNY 59.1 billion. Xiaomi releases its Q3 earnings report for the period ended September 30, 2021, on November 23. - Internet service revenue was CNY 7.3 billion, a 27.1% year-on-year increase, with 73.6 gross margin - IoT and consumer products business revenue was CNY 20.9...
The stock is approaching a strong support zone. Enter only on confirmation. At the moment the Chinese stock market is quite volatile, in particular the Alibaba Corporation itself. But securities of some Chinese companies are showing good growth right now ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support...
KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback...
The company will hold the third-quarter conference call on November 23. XPeng Motors will unveil the G9 SUV, the company's fourth model and the first after its brand refresh, on November 19 at 11:00 a.m. Beijing time. Photos of the model have already appeared in the XPeng app before the model was officially unveiled. As previously reported by yiche.com, the new...
"As an innovation-driven content creator, we will continue to deliver thoughtful premium content and products to our users across each of our carefully cultivated disciplines," said the CEO and director of NetEase, William Ding. Third Quarter 2021 Financial Highlights - Net revenues were CNY 22.20 billion (USD 3.4 billion), an increase of 18.9% compared with...
"Baidu Core delivered another solid quarter, powered by our AI cloud revenue growing 73% year over year," said Rong Luo, CFO of Baidu. "With a diversified AI portfolio, including cloud services, smart transportation, smart devices, self-driving, smart EV and robotaxi, we are well-positioned for long-term growth." Total revenues were CNY 31.9 billion,...
Mr.Yu Gong, founder, director, and CEO of iQIYI, commented the Q3 performance was a 'softer than expected top-line performance'. According to iQIYI's financial announcement for the third quarter of 2021: - The total revenues achieved CNY 7.6 billion (USD 1.2 billion), showing a 6% increase from the same period last year. - The operating loss was CNY 1.4 billion...
TAL Education will explore quality-oriented education from multiple aspects. On November 13, Zhang Bangxin, CEO of TAL (TAL:NYSE) issued an internal letter to all employees, indicating the new strategic direction for the future and the personnel adjustments made in accordance with the new direction. According to the announcement, TAL plans to cease offering...
BIMI had a run and left many gaps opened , now its time to fill out those gaps and fly in the sky . This is a very risky trade High risk / high reward. Don’t enter if you can’t manage your trade Trade Safe
Keep it easy simple and safe Enter at current price TP1 0.72 (42% gain) TP2 0.89 (74% gain) TP3 1$+ SL 0.49 (4% loss ) Safe trade , trade safe ><><
NIO, the electric vehicle company is setting up again after being on a serious downtrend since its surge in January. This surge was the result of lots of "hype" around the name, the rise of Tesla, and its upcoming NIO day which happened on January 9th, 2021. We saw a massive run up the month before, around 60%. This year, NIO day is happening on Dec 18th, 2021....
The leading social media in China, Weibo (NASDAQ: WB), released its unaudited financial results for the third quarter of 2021. According to the Q3 performance report for 2021: - The revenue totaled USD 607 million (CNY 3,882 million), increasing 30% year-on-year. As of September 30, 2021, the total cash, cash equivalents and short-term investments amounted to...
The drop was a result of regulatory crackdowns on media and restrictions on teenagers' gaming time. Despite enhancing its parental control policy and constrained gaming time for teenagers (from 6.4% in Q3 2020 to 0.7% in Q3 2021), Tencent saw its domestic gaming service revenue increase by 5% and 20% for the overseas markets. However, Tencent's top moneymaker –...
The deal worth USD 7 bn establishes joint venture company Japan Advanced Semiconductor Manufacturing. TSMC's board of directors officially approved plans to build a chip factory in Kumamoto Prefecture, its first-ever Japanese plant. Sony is set to invest USD 500 million and will hold no more than a 20% stake in the joint company, according to a statement...