Sanhua

Morus:Born as a Global Brand

EqualOcean found that crowdfunding platforms are the secret weapon for many Chinese companies to start their globalization process. Through crowdfunding, companies can discover countries or regions that are interested in their products, even if these countries or regions do not match their initial vision.

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.