New Hope Liuhe

The Billion-Dollar European Caviar Business, Now Disrupted by China

In the kitchen of a Michelin three-star restaurant in Beijing, the chef carefully opens a tin of black "treasures." Each translucent caviar pearl inside is immensely valuable, with prices reaching as high as 10,000 RMB per kilogram. Yet this "black gold" caviar does not come from the Caspian Sea or the Volga River. Instead, it originates from Quzhou, Zhejiang, China. This seemingly impossible fact marks a silent revolution in the Chinese caviar industry.

Insta360 Debuts on the STAR Market with a 285% Surge, Market Value Exceeds CNY 70 Bn

On June 11, Insta360 (stock code: 688775.SH), a leading Chinese intelligent imaging company, officially listed on the Shanghai Stock Exchange's STAR Market. According to the prospectus, the offering price was CNY 47.27 per share, corresponding to a post-IPO market value of approximately CNY 18.96 billion. On its first day of trading, the opening price was CNY 182 per share, representing a 285% increase from the offering price, with the total market value surpassing CNY 70 bn.

AliExpress Germany Station Experiences Rapid Growth

In late May, AliExpress, the cross-border e-commerce platform owned by Alibaba, officially opened its doors to local German sellers for the first time, launching a dedicated “Local+” channel that emphasizes local fulfillment timeliness, with deliveries as fast as three days.

Christmas Orders Surge 3 Months Ahead of Schedule on Alibaba.com

Alibaba.com "Stock-up Sprint" event recently kicked off, drawing a large number of U.S. buyers eager to "snap up" Christmas goods. On the first day (June 3), orders for Christmas-related products surged by more than 50%, with popular festive items like accessories seeing a year-on-year increase of over 120%. Toy products, often used as Christmas gifts, saw a sixfold increase in orders compared to last year.

BYD: Global Expansion and Premiumization Are Key Strategies

On June 6, the 2024 Annual Shareholders’ Meeting of Chinese electric vehicle manufacturer BYD was held. BYD’s Chairman and CEO, Wang Chuanfu, addressed shareholder concerns regarding the company’s overseas market expansion, electrification, and intelligent technologies, emphasizing that both international expansion and premiumization are critical strategies for BYD.