Miniso Records CNY 150 Million Net Profit for 4Q 2020, Up 70% MoM

The epidemic catalyzed Miniso's growth acceleration.

NetEase Suffers 6.08% Decline in Net Profits

Youdao, the search engine released by the Chinese internet company saw losses nearly triple in 2020.

CATL Is Accelerating the Expansion Path with Over CNY 80 Bn Investment

The power battery leader takes advantage of the market trend and accumulated invests CNY 80 billion on expansion projects

Bilibili: 77% Up in Revenue in 2020

The company achieved over-expected financial results, but also raised some concerns due to imprudent content management.

ECARX Raises USD 200 Mn in Series A+

The funding raised will boost its international strategic layout, team building and accelerate the research process.

Cambricon Narrowed Its Losses in 2020 by 60%

The company's expansion strategy seems to be working but high research expenses impede its growth.

Didi Bike-sharing Business Completes USD 600 million Series B Financing

Didi's Bike-hailing arm recently confirmed its USD 600 million Series B financing and the granting of bank credit of more than USD 400 million. This marks its second financing within one year.

Lei Jun to Lead Xiaomi's Car Manufacturing Ambitions

This news follows rumors that the Apple Car plan is advancing and that the Cupertino firm aims to start mass production of its own brand cars in 2024.

iQIYI's Records CNY 7.5 Billion in Revenues with Loses of CNY 1.5 Billion in 4Q 2020

According to data released in its unaudited financial report for the fourth quarter and the whole year of fiscal 2020, iQIYI's total revenue in the fourth quarter was CNY 7.5 billion, a year-on-year decrease of 1%; its net loss was CNY 1.5 billion, compared with CNY 2.5 billion in the same period last year.

China Mobile Plans to Achieve Full-Coverage in All Chinese County-Level Cities

The communication giant is helping China's government build the largest 5G network in the world and is considering further 5G popularization.

Delivery and Freight Giant SF Gains CNY 15.59 Bn Revenue in January 2021

The large Chinese logistics company has released its express delivery stats for January 2021 – the numbers tell of an accelerating pace of expansion.

Waterdrop: IPO in the US under USD 10 Bn Valuation?

The insurance company has already seen five successful rounds of financing.