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PEELSPHERE Secures CNY Tens of Mn in Pre-A Round Financing

EqualOcean has learned that PEELSPHERE(朴飞生物) has successfully completed a pre-A round financing of tens of millions of RMB, with investors including Guohong Jiaxin Capital and Ray Capital, while existing shareholder Gopher Ventures continues to follow-on invest. This funding will primarily be used for production line upgrades, new product development, and market expansion.

Cross-Border Home Furnishing Brand Ziel Home Achieves Annual Revenue of CNY 6 Billion

The overseas expansion progress of Ziel Home Technology is significant.

Loctek's 2023 Annual Net Profit Reaches Approximately CNY 634 Million

In 2023, all business segments of Loctek witnessed steady advancement.

Wenchao WEMART Riyadh Project Officially Begins Construction

Foreign investors equals to Nationals under Nattakat

Deutsche Hospitality Announces Official Name Change to H World International

Cross-border e-commerce platform Wish will be sold

Once Intra Freight Leader Faces Billion-Dollar Market Value Erosion and Alibaba's sell-off

Compared to its IPO in early 2022, GOGOX's market value has plummeted from around HKD 10.3 billion to approximately HKD 300 million.

Kuka Home's Flagship Store Sets Foot in India, Fast-tracking Its Global Expansion Strategy

Revolutionizing Home Living Experience for Consumers

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.

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.

Tech Giant Tencent’s Revenue in Q1 2023 Exceeds CNY 149.99 Bn, and Net Profit Up 27% YoY

On May 17, 2023, Tencent announced its 2023 first quarterly report. In Q1 2023, its advertising business returned to high growth, and its gaming business performed well overseas.

Chinese Tech Giant Baidu’s Revenue in Q1 2023 Exceeds CNY 31.1 Bn, Net Profit Up 48% YoY

On May 16, 2023, Baidu announced its financial results for Q1 2023. Thanks to the improvement of the macroeconomic situation and the enterprise's continuous measures to reduce costs and increase efficiency, Baidu's profitability improved significantly, with a substantial increase of nearly 50% in net profit.

Chinese Logistics Giant SF’s Revenue in Q1 2023 Exceeds CNY 61 Bn, Down 3% YoY

Despite various impacts such as high oil prices, rising labor costs and competitive international shipping prices, SF Express's gross profit margin rose 1.6% year-on-year in Q1 2023 through a series of measures such as promoting multi-network integration and strengthening cross-business synergies of segment resources.

China VC Investment List Q1 2023 - Consumer sector

For consumption sector, we at EqualOcean have identified 20 companies worth watching in Q1 2023. The core criterion is to receive venture capital investments of over USD 10 million on average or the equivalent value in CNY in a single round. When compiling the list, we also considered factors such as growth prospects, brand influences and reputation, as well as planned expansions.

Chinese Fitness Platform Keep Updates HKEx Prospectus with Revenue 2022 Exceeds CNY 2.2 Bn

The Chinese online fitness market is still a gold mine in the post-pandemic era.

Tongcheng Travel Achieves Revenue of CNY 6.58 Bn in 2022, Down 12.6% YoY

The post-pandemic era is coming. Is the travel market on track for a revival?

Chinese AI Guru Kai-Fu Lee Joins the AI Race with Project Al 2.0

ChatGPT went viral. Where is China AI 2.0 heading?

LIZHI 2022 Net Revenue Exceeds CNY 2.1 Bn with First Full-Year Profit

Is it a must for China's online audio platforms to explore overseas markets?

SHEIN's Valuation Evaporates USD 36 Bn, Challenge from E-commerce Platform Temu

On the one hand, the rapid rise of competitors has led to such a result, but on the other hand, it has also revealed a lot of problems for SHEIN itself.