After the Luckin Coffee fraud scandal, the short-selling trend of Chinese stocks also follows. On the evening of April 7, with the support of Muddy Water, foreign market research organization Wolfpack Research released a short report called "The Netflix Of China? Good Luckin". It claimed that China's well-known video stock iQIYI was committing fraud well before its IPO in 2018 and has continued to do so ever since. And it even significantly exaggerated its revenue and user scale. As soon...

After the Luckin Coffee fraud scandal, the short-selling trend of Chinese stocks also follows. On the evening of April 7, with the support of Muddy Water, foreign market research organization Wolfpack Research released a short report called "The Netflix Of China? Good Luckin". It claimed that China's well-known video stock iQIYI was committing fraud well before its IPO in 2018 and has continued to do so ever since. And it even significantly exaggerated its revenue and user scale. As soon...

On March 26, Chinese e-commerce giant Alibaba Group's Taobao officially launched its consumer-to-manufacturer (C2M) system with a cloud conference. Along with Taobao's special offer app, there are also the "Super Factories Plan" and "10 Billion Production Area Plan". These three initiatives are the main projects of Taobao's C2M strategy. The conference conveyed several important messages to the outside world. First, Taobao's special offer app clearly defined the positionin...

On March 26, Chinese e-commerce giant Alibaba Group's Taobao officially launched its consumer-to-manufacturer (C2M) system with a cloud conference. Along with Taobao's special offer app, there are also the "Super Factories Plan" and "10 Billion Production Area Plan". These three initiatives are the main projects of Taobao's C2M strategy. The conference conveyed several important messages to the outside world. First, Taobao's special offer app clearly defined the positionin...

Difficulties in returning to work are bothering most office workers. Liu Rui, who has worked for one year, has no car. The congestion and tightness of public transportation are worrying. It is not realistic to ride a sharing bike to company which is too far. Therefore, the sharing car that had been left out during the epidemic became the best choice. Under the "return to work tide", these sharing cars with uniform model colors and distinctive logos are becoming more and more common in the mor...

Difficulties in returning to work are bothering most office workers. Liu Rui, who has worked for one year, has no car. The congestion and tightness of public transportation are worrying. It is not realistic to ride a sharing bike to company which is too far. Therefore, the sharing car that had been left out during the epidemic became the best choice. Under the "return to work tide", these sharing cars with uniform model colors and distinctive logos are becoming more and more common in the mor...

According to foreign media reports, YouTube will launch a short video feature called "Shorts" by the end of the year to compete with TikTok. The report shows that "Short" will set up a new channel in Android or IOS YouTube app, and there will be no independent app. The report describes the launch of YouTube Shorts as "the most serious effort Silicon Valley technology companies have made so far to combat the rise of TikTok." In response to the strong rise of TikTok, Google's video site Yo...

According to foreign media reports, YouTube will launch a short video feature called "Shorts" by the end of the year to compete with TikTok. The report shows that "Short" will set up a new channel in Android or IOS YouTube app, and there will be no independent app. The report describes the launch of YouTube Shorts as "the most serious effort Silicon Valley technology companies have made so far to combat the rise of TikTok." In response to the strong rise of TikTok, Google's video site Yo...

It is difficult to determine which of the people who bought the stock of Luckin Coffee and those who have multiple discount coupons of Luckin Coffee in the card package is more anxious. Since Luckin Coffee admitted to its financial fraud on April 3, 2020, it triggered a circuit breaker of shares several times. After the stock price evaporated 80%, its users have shown their orders one by one on social media, who eager to take the last time to enjoy the discount coffee. Of course, there are ev...

It is difficult to determine which of the people who bought the stock of Luckin Coffee and those who have multiple discount coupons of Luckin Coffee in the card package is more anxious. Since Luckin Coffee admitted to its financial fraud on April 3, 2020, it triggered a circuit breaker of shares several times. After the stock price evaporated 80%, its users have shown their orders one by one on social media, who eager to take the last time to enjoy the discount coffee. Of course, there are ev...

On March 17, Indian media disclosed that OYO obtained a "survival" fund. SVF India Holdings and RA Hospitality Holdings, two investment entities of Softbank vision fund, injected $807 million into Oravel Stays, the parent company of OYO. Oravel Stays issued a total of 15,325 Series F mandatory convertible preferred shares (CCCPS) to the two entities at a premium of $52643.22 per share. Among them, SVF India Holdings subscribed for 9,626 shares for $507 million, and RA Hospitality Holdings sub...

On March 17, Indian media disclosed that OYO obtained a "survival" fund. SVF India Holdings and RA Hospitality Holdings, two investment entities of Softbank vision fund, injected $807 million into Oravel Stays, the parent company of OYO. Oravel Stays issued a total of 15,325 Series F mandatory convertible preferred shares (CCCPS) to the two entities at a premium of $52643.22 per share. Among them, SVF India Holdings subscribed for 9,626 shares for $507 million, and RA Hospitality Holdings sub...

According to the documents submitted by Tencent and Pinduoduo to the US Securities and Exchange Commission (SEC), Tencent has just invested $ 50 million to continue to increase its holdings of Pinduoduo. And together with its other long-term investors, they are expected to increase their purchases of $1.1 billion worth of new shares. Until now, Tencent holds a total of 29.2% of Class A common shares in Pinduoduo and is still the second largest shareholder. However, the current "unprecedented"...

According to the documents submitted by Tencent and Pinduoduo to the US Securities and Exchange Commission (SEC), Tencent has just invested $ 50 million to continue to increase its holdings of Pinduoduo. And together with its other long-term investors, they are expected to increase their purchases of $1.1 billion worth of new shares. Until now, Tencent holds a total of 29.2% of Class A common shares in Pinduoduo and is still the second largest shareholder. However, the current "unprecedented"...

With the continuous development of information technology, mobile payment has penetrated into all areas of life and has become an indispensable part of our lives. When it comes to mobile payment, the first thing we think of is Alipay and WeChat payment. So, who are the more popular payment giants in the market, and what is the market share? On the evening of March 30, iResearch, a third-party organization, released a report on the scale of mobile payment transactions in the fourth quarter of ...

With the continuous development of information technology, mobile payment has penetrated into all areas of life and has become an indispensable part of our lives. When it comes to mobile payment, the first thing we think of is Alipay and WeChat payment. So, who are the more popular payment giants in the market, and what is the market share? On the evening of March 30, iResearch, a third-party organization, released a report on the scale of mobile payment transactions in the fourth quarter of ...

On March 31, after the release of the new series of mobile phones P40 and the Huawei Developer Conference, Huawei released its 2019 annual report. According to the report, Huawei's global sales revenue reached 888.8 billion yuan, a year-on-year increase of 19.1%. At the same time, its net profit was 62.7 billion yuan, and cash flow from operating activities was 91.4 billion yuan, a year-on-year increase of 22.4%. Among them, despite encountering obstacles from the U.S. regulators, Huawei...

On March 31, after the release of the new series of mobile phones P40 and the Huawei Developer Conference, Huawei released its 2019 annual report. According to the report, Huawei's global sales revenue reached 888.8 billion yuan, a year-on-year increase of 19.1%. At the same time, its net profit was 62.7 billion yuan, and cash flow from operating activities was 91.4 billion yuan, a year-on-year increase of 22.4%. Among them, despite encountering obstacles from the U.S. regulators, Huawei...

Pony Ma said "it may take some time for media advertising revenue to recover, but its revenue only accounts for less than 20% of the overall advertising revenue, which has little impact on overall advertising revenue." On March 18th, Tencent's financial report was released. Last year, Tencent's revenue reached 377.889 billion yuan, up 21% year on year. Its net profit was 93.310 billion yuan, up 19% year on year. That is to say, Tencent has an average daily income of 290 million yuan...

Pony Ma said "it may take some time for media advertising revenue to recover, but its revenue only accounts for less than 20% of the overall advertising revenue, which has little impact on overall advertising revenue." On March 18th, Tencent's financial report was released. Last year, Tencent's revenue reached 377.889 billion yuan, up 21% year on year. Its net profit was 93.310 billion yuan, up 19% year on year. That is to say, Tencent has an average daily income of 290 million yuan...

On March 31, Xiaomi released its financial results for the fourth quarter and the whole year of 2019. The financial results showed that in 2019, Xiaomi's total revenue was 205.8 billion yuan, up 17.7% year on year, and adjusted net profit was 11.5 billion yuan, up 34.8% year on year. The growth rate is much better than that in 2018. In the revenue, the vast majority still comes from Xiaomi mobile phones. This part of revenue was 122.1 billion yuan in 2019, a year-on-year increase of 7.3%...

On March 31, Xiaomi released its financial results for the fourth quarter and the whole year of 2019. The financial results showed that in 2019, Xiaomi's total revenue was 205.8 billion yuan, up 17.7% year on year, and adjusted net profit was 11.5 billion yuan, up 34.8% year on year. The growth rate is much better than that in 2018. In the revenue, the vast majority still comes from Xiaomi mobile phones. This part of revenue was 122.1 billion yuan in 2019, a year-on-year increase of 7.3%...

On March 30, 2020, Meituan Dianping released its 2019 financial report. Its total revenue was 97.5 billion yuan, a year-on-year increase of 49.5%; total gross profit was 32.3 billion yuan, a year-on-year increase of 114.0%; the adjusted EBITDA and adjusted net profit were 7.3 billion yuan and 4.7 billion yuan, a loss of 8.517 billion yuan in the same period of 2018. Operating cash flow has changed from a negative value of 9.2 billion yuan in 2018 to a positive value of 5.6 billion yuan in 201...

On March 30, 2020, Meituan Dianping released its 2019 financial report. Its total revenue was 97.5 billion yuan, a year-on-year increase of 49.5%; total gross profit was 32.3 billion yuan, a year-on-year increase of 114.0%; the adjusted EBITDA and adjusted net profit were 7.3 billion yuan and 4.7 billion yuan, a loss of 8.517 billion yuan in the same period of 2018. Operating cash flow has changed from a negative value of 9.2 billion yuan in 2018 to a positive value of 5.6 billion yuan in 201...