VIPKID 

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

EdTech Giant TAL's Net Income Surges to USD 37.9 Million after Double Reduction

Education corporates gradually recovered from the "Double Reduction" policy through business model transformation and upgrades.

Chinese EdTech Company 17EdTech Achieves Revenues of CNY 9.27 Mn in Q1 2023, Down 96% YoY

Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company, commented, “The previous COVID outbreak caused delays in the bidding and delivery processes of our major projects which adversely affected our financial performance. However, our in-school SaaS business continues to advance beyond the financial results might indicate. Year to date, our teaching and learning SaaS business has won multiple landmark projects across China.”

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.

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.

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?

Chinese Career Education Service Provider FENBI To List on HKEX on January 9

China's education industry continues to grow at a rapid pace

Chinese Educator 17EdTech Net Revenue Plunges 80% YoY in Q2 2022

Chinese K-12 tutoring platforms all suffered a lot from Beijing's regulation.

Aier Ophthalmology Reports Net Profit of CNY 1.29Bn in H1 2022

Aier Ophthalmology announces first half of 2022 results.

New Oriental Education Revenue Down 56.8% To USD 524 Mn in Q4

"Fiscal year 2022 has been a year full of challenges and opportunities," said Michael Yu.

TikTok Owner ByteDance to Compress 2022-23 Recruitment Plan, Sources Say

It is designed to reduce the rate of growth in organizational size and improve organizational efficiency