Chris Liu
The Latest
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Evergrande's Bankruptcy Reverberates: A Glimpse into China's Property Crisis
In a move that has sent shockwaves through the global financial community, China's Evergrande Group, once the nation's second-largest property developer, has officially filed for bankruptcy in New York. This development is the latest chapter in a saga that has seen the beleaguered firm default on its massive debt, igniting a significant property crisis in China's economy. 
In a move that has sent shockwaves through the global financial community, China's Evergrande Group, once the nation's second-largest property developer, has officially filed for bankruptcy in New York. This development is the latest chapter in a saga that has seen the beleaguered firm default on its massive debt, igniting a significant property crisis in China's economy. -
Bilibili's Stellar Quarter: Revenue Jumps 8%, Beats Expectations as Losses Narrow
Quarterly Snapshot: Bilibili reported a better-than-expected Q2 revenue, with advertising revenue growing 36% YoY, live streaming revenue surging 32%, and adjusted net losses narrowing by 51% YoY. 
Quarterly Snapshot: Bilibili reported a better-than-expected Q2 revenue, with advertising revenue growing 36% YoY, live streaming revenue surging 32%, and adjusted net losses narrowing by 51% YoY. -
Intel Abandons $5.4 Billion Acquisition of Israeli Chipmaker Over Chinese Regulatory Hurdles, Experts Weigh In
Intel and Israeli semiconductor contractor Tower Semiconductor announced on the 16th that their proposed $5.4 billion acquisition deal has been scrapped due to a lack of timely regulatory approvals. Numerous media outlets, including Reuters and Bloomberg, have indicated that the Chinese regulatory bodies are behind the non-approval. 
Intel and Israeli semiconductor contractor Tower Semiconductor announced on the 16th that their proposed $5.4 billion acquisition deal has been scrapped due to a lack of timely regulatory approvals. Numerous media outlets, including Reuters and Bloomberg, have indicated that the Chinese regulatory bodies are behind the non-approval. -
DingTalk Flies Solo Just Before Alibaba Cloud's IPO
Alibaba's determination to break from its "one-size-fits-all" approach is stronger than outsiders may have imagined. 
Alibaba's determination to break from its "one-size-fits-all" approach is stronger than outsiders may have imagined. -
Teenie Weenie's Triumphant Return: The Teddy Bear Brand Dominates TikTok's Women's Fashion Chart
On August 16, the parent company of Teenie Weenie, Jinhong Group, announced its mid-2023 financial report. The company saw a year-over-year revenue increase of 14.33%, reaching ¥21.11 billion. Its net profit attributable to the parent company soared by 302.56% to ¥1.43 billion, and after certain exclusions, this net profit rose by a staggering 652.04% to ¥1.34 billion, marking the best performance since the company went public. 
On August 16, the parent company of Teenie Weenie, Jinhong Group, announced its mid-2023 financial report. The company saw a year-over-year revenue increase of 14.33%, reaching ¥21.11 billion. Its net profit attributable to the parent company soared by 302.56% to ¥1.43 billion, and after certain exclusions, this net profit rose by a staggering 652.04% to ¥1.34 billion, marking the best performance since the company went public. -
Major Auto Brands Adopt CATL's Ultrafast Charging Battery: A Turning Point in EV Adoption?
On August 16, CATL unveiled its "Shenxing" battery, the world's first enhanced lithium iron phosphate (LFP) ultrafast charging battery. 
On August 16, CATL unveiled its "Shenxing" battery, the world's first enhanced lithium iron phosphate (LFP) ultrafast charging battery. -
MUJI's Convenience Store Concept Falters in China
According to Yingshang.net, the MUJIcom in Shanghai is expected to cease operations by the end of August 2023. This outlet, situated at Bao Yang Bao Long Plaza in Shanghai, was launched in 2020. However, from July 16 to August 16, 2023, it has been running a month-long closing sale. If this Shanghai store closes, the only remaining MUJIcom in China would be in Beijing. 
According to Yingshang.net, the MUJIcom in Shanghai is expected to cease operations by the end of August 2023. This outlet, situated at Bao Yang Bao Long Plaza in Shanghai, was launched in 2020. However, from July 16 to August 16, 2023, it has been running a month-long closing sale. If this Shanghai store closes, the only remaining MUJIcom in China would be in Beijing. -
JD.com Q2 Results Beat Expectations Amid Retail Sector Challenges
Amid overall consumer spending pressures, JD.com demonstrated resilience in durable goods sales and instant retail in the second quarter. Although the e-commerce giant surpassed several financial predictions and outperformed many within the industry, fierce competition and an uncertain consumer outlook have dampened the market's confidence in its future growth trajectory. 
Amid overall consumer spending pressures, JD.com demonstrated resilience in durable goods sales and instant retail in the second quarter. Although the e-commerce giant surpassed several financial predictions and outperformed many within the industry, fierce competition and an uncertain consumer outlook have dampened the market's confidence in its future growth trajectory. -
Evergrande Auto Secures Lifeline: $500 Million from Middle Eastern Capital, HK$20.9 Billion Loan Converted to Shares
Evergrande New Energy Auto, laden with debt, has received some good news. Alongside the debt restructuring of the Evergrande Group, capital from the Middle East has arrived to aid, breathing life into Xu Jiayin's automotive dreams. Evergrande New Energy Auto, laden with debt, has received some good news. Alongside the debt restructuring of the Evergrande Group, capital from the Middle East has arrived to aid, breathing life into Xu Jiayin's automotive dreams. -
China Overtakes Greece to Become World's Largest Shipowner
Long hailed as the world's foremost shipowning nation due to its renowned shipping magnates and plethora of shipping companies, Greece has been surpassed. Recent data released by Clarksons Research indicates that China now holds the title of the world's largest shipowner by total tonnage. 
Long hailed as the world's foremost shipowning nation due to its renowned shipping magnates and plethora of shipping companies, Greece has been surpassed. Recent data released by Clarksons Research indicates that China now holds the title of the world's largest shipowner by total tonnage.
