Chris Liu
The Latest
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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. -
JD.com Denies Rumors of Founder's U.S. Immigration and Multi-million Dollar Mansion Purchase
Late on August 14, JD.com addressed rumors on its official Weibo account. Widespread chatter on various internet platforms claimed that JD.com's founder Richard Liu and his wife Nancy Zhang had emigrated to the U.S. and purchased a mansion worth over a hundred million dollars. The company labeled these claims as deliberate fabrications and baseless accusations, and has reported the matter to law enforcement agencies. 
Late on August 14, JD.com addressed rumors on its official Weibo account. Widespread chatter on various internet platforms claimed that JD.com's founder Richard Liu and his wife Nancy Zhang had emigrated to the U.S. and purchased a mansion worth over a hundred million dollars. The company labeled these claims as deliberate fabrications and baseless accusations, and has reported the matter to law enforcement agencies. -
Great Wall Motors CTO Criticizes BYD for the Third Time Over Fuel Tank Incident
Great Wall Motors' CTO, Wang Yuanli, has once again taken aim at fellow Chinese automaker BYD. Wang took to social media on August 14, implying that no matter how grand a façade one puts up, inner panic cannot be hidden. His post was accompanied by three screenshots addressing BYD's response to investors regarding their vapor emission patent and a car blogger's claim that 9 out of 10 current BYD models have switched from atmospheric fuel tanks to high-pressure ones since May. 
Great Wall Motors' CTO, Wang Yuanli, has once again taken aim at fellow Chinese automaker BYD. Wang took to social media on August 14, implying that no matter how grand a façade one puts up, inner panic cannot be hidden. His post was accompanied by three screenshots addressing BYD's response to investors regarding their vapor emission patent and a car blogger's claim that 9 out of 10 current BYD models have switched from atmospheric fuel tanks to high-pressure ones since May. -
SF Express Eyes Hong Kong for a Second IPO Amid Cash Crunch
Previously thriving on domestic success, the logistics giant takes aim at global markets and much-needed capital. 
Previously thriving on domestic success, the logistics giant takes aim at global markets and much-needed capital. -
Alibaba Returns to Double-Digit Growth: A True Comeback or Result of Reform?
On the evening of August 10, Alibaba reported impressive financial results, marking the first time in six quarters that the company achieved a revenue growth rate above 10%, specifically 14%. For the three months ending June 30, Alibaba garnered a revenue of 234.2 billion yuan with a net profit of 44.92 billion yuan under non-US GAAP. 
On the evening of August 10, Alibaba reported impressive financial results, marking the first time in six quarters that the company achieved a revenue growth rate above 10%, specifically 14%. For the three months ending June 30, Alibaba garnered a revenue of 234.2 billion yuan with a net profit of 44.92 billion yuan under non-US GAAP.
