New Oriental online is expected to announce its fiscal year results around the end of August

Why Taiwan Matters - From TSMC to Other Multinational Companies

Taiwan has now become the world's largest chip manufacturer and exporter. According to Counterpoint, Taiwan Semiconductor Manufacturing Company (TSMC) continued to dominate the global semiconductor foundry market in Q4, 2022, with its market share growing from 54% in Q1 to 60% in Q4, far ahead of other corporations in the market. As an export-oriented island economy, Taiwan’s advanced economy is inseparable from super-global enterprises like TSMC.

Chinese E-commerce Giant Pinduoduo Achieves Revenue of CNY 37.64 Bn in Q1 2023, Up 58% YoY

Since this year, Pinduoduo has accelerated its strategic transformation from fast to stable, from speed to quality. Currently, Pinduoduo aims to integrate high-quality development across all domains of platform governance, merchant ecology, high-quality supply chain, and high-quality consumption.

Chinese Retail Firm Meituan’s Revenue Sees 26.7% Bump in Q1 2023, Reaching CNY 58.6 Bn

In the first quarter of 2023, Meituan continued to further promote its "Retail + Technology" strategy to increase its investment in China's consumer market, with R&D spending increasing to CNY 5 billion.

Chinese Carmaker Xpeng’s Revenue in Q1 2023 Exceeds CNY 4.03 Bn, Down 45.9% YoY

The G6 will be officially released in June, with mass deliveries beginning in July and rapidly increasing. The G6 is expected to propel Xpeng's overall deliveries to a much above-industry growth rate in the third quarter, representing the first sales inflection point following Xpeng's strategic and organizational improvements.

China’s Smartphone Giant Xiaomi's Revenue in Q1 2023 Exceeds CNY 59.48 Bn, Down 18.9% YoY

In 2023, Xiaomi’s overall business mode will shift from scale expansion to quality enhancement. According to the financial report for Q1 2023, Xiaomi's overall inventory amounted to CNY 42.6 billion, a decrease of over 24% from the same period last year, achieving three consecutive quarters of decline, and the lowest level in the past nine quarters.