Chris Liu
The Latest
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Arm's IPO Valuation Faces Downward Pressure: Can Masayoshi Son's Big Bet Pay Off?
Arm, the chip design company highly regarded by SoftBank and even viewed by Masayoshi Son as pivotal to SoftBank's survival, has kicked off its roadshow this week. 
Arm, the chip design company highly regarded by SoftBank and even viewed by Masayoshi Son as pivotal to SoftBank's survival, has kicked off its roadshow this week. -
Lululemon's China Sales Skyrocket by 60% Amid Robust Q2 Growth
Despite a challenging macroeconomic environment, Lululemon, often dubbed the "middle-class harvester," has seen a counter-trend growth. In the second quarter, both revenue and net profit surged, with a staggering 61% increase in revenue from the Chinese market. 
Despite a challenging macroeconomic environment, Lululemon, often dubbed the "middle-class harvester," has seen a counter-trend growth. In the second quarter, both revenue and net profit surged, with a staggering 61% increase in revenue from the Chinese market. -
Huawei's Major Comeback: Profits Double in First Half of 2023
On Wednesday, August 30, Huawei Investment Holdings Limited released its semi-annual report for 2023. The report revealed that Huawei's operating revenue for the first half of this year reached approximately ¥3,082.90 billion, marking a 3.24% increase compared to the same period last year. This uptick effectively reverses the 5.87% decline seen in the first half of the prior year. 
On Wednesday, August 30, Huawei Investment Holdings Limited released its semi-annual report for 2023. The report revealed that Huawei's operating revenue for the first half of this year reached approximately ¥3,082.90 billion, marking a 3.24% increase compared to the same period last year. This uptick effectively reverses the 5.87% decline seen in the first half of the prior year. -
LEGO Faces Steepest Profit Drop in 20 Years but Still Reigns Supreme; CEO Targets Chinese Middle Class
Despite a shrinking U.S. toy market, LEGO sees its most significant profit drop in nearly two decades in the first half of the year. 
Despite a shrinking U.S. toy market, LEGO sees its most significant profit drop in nearly two decades in the first half of the year. -
Baidu's Generative AI 'Ernie' Goes Public, Signaling China's AI Ambitions
In a significant move underscoring China's growing ambitions in the artificial intelligence (AI) sector, Baidu Inc., the country's leading internet search and online marketing company, has made its generative AI product, ERNIE, available to the public. This decision comes as Beijing seeks to strike a balance between fostering innovation and maintaining control over the rapidly evolving technology landscape. 
In a significant move underscoring China's growing ambitions in the artificial intelligence (AI) sector, Baidu Inc., the country's leading internet search and online marketing company, has made its generative AI product, ERNIE, available to the public. This decision comes as Beijing seeks to strike a balance between fostering innovation and maintaining control over the rapidly evolving technology landscape. -
Baozun E-commerce Bets Big: Tackles Challenges of GAP and Introduces Another Troubled Fashion Brand
New Partnership Emerges On the evening of August 28, Baozun E-commerce announced its mid-2023 financial report and declared a new partnership with the American brand management company, Authentic Brands Group (ABG). 
New Partnership Emerges On the evening of August 28, Baozun E-commerce announced its mid-2023 financial report and declared a new partnership with the American brand management company, Authentic Brands Group (ABG). -
BYD Electronics Acquires Jabil Factory for $2.27 Billion: An Apple Supplier's New Ownership
On August 28, BYD Electronics announced that it had signed a framework agreement with Jabil Circuit (Singapore) Pte Ltd, intending to purchase 100% of its shares for approximately 158 billion yuan. This acquisition primarily involves the manufacturing operations located in Chengdu and Wuxi, including the component manufacturing business for existing clients. This activity is currently managed by the seller and its affiliated companies. BYD stated that this acquisition aims to expand its client base and diversify its smartphone component business, significantly improving the structure of its clientele and products. 
On August 28, BYD Electronics announced that it had signed a framework agreement with Jabil Circuit (Singapore) Pte Ltd, intending to purchase 100% of its shares for approximately 158 billion yuan. This acquisition primarily involves the manufacturing operations located in Chengdu and Wuxi, including the component manufacturing business for existing clients. This activity is currently managed by the seller and its affiliated companies. BYD stated that this acquisition aims to expand its client base and diversify its smartphone component business, significantly improving the structure of its clientele and products. -
Pinduoduo Surpasses Revenue Expectations, Signaling a Positive Shift in Consumer Sentiment
In a recent financial revelation, Pinduoduo, the Chinese e-commerce giant, has reported a significant beat in its revenue expectations, further solidifying its position in the competitive e-commerce landscape. The company's Q2 Non-GAAP EPADS stood at $1.44, surpassing estimates by $0.42. Moreover, the revenue figures were equally impressive, clocking in at $7.21 billion, marking a 66% year-over-year increase and beating expectations by a whopping $1.18 billion. 
In a recent financial revelation, Pinduoduo, the Chinese e-commerce giant, has reported a significant beat in its revenue expectations, further solidifying its position in the competitive e-commerce landscape. The company's Q2 Non-GAAP EPADS stood at $1.44, surpassing estimates by $0.42. Moreover, the revenue figures were equally impressive, clocking in at $7.21 billion, marking a 66% year-over-year increase and beating expectations by a whopping $1.18 billion. -
Prada Lipsticks Fly Off the Shelves Amidst High-Priced Cream Buzz
As Prada's newly launched beauty line garners attention for its $3080 "luxury cream", certain shades of its lipstick have quietly sold out. 
As Prada's newly launched beauty line garners attention for its $3080 "luxury cream", certain shades of its lipstick have quietly sold out. -
Shein and Sparc Group Forge Strategic Partnership, Ushering New Era in Fast Fashion
In a significant move that promises to reshape the landscape of the fast fashion industry, Shein, the Gen Z-favored fashion behemoth, has announced a strategic partnership with Sparc Group Holdings. This collaboration is set to merge the strengths of both entities, offering consumers a more integrated shopping experience both online and offline. 
In a significant move that promises to reshape the landscape of the fast fashion industry, Shein, the Gen Z-favored fashion behemoth, has announced a strategic partnership with Sparc Group Holdings. This collaboration is set to merge the strengths of both entities, offering consumers a more integrated shopping experience both online and offline.
