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More Details of XPeng's New SUV RevealedThe vehicle, which is based on XPeng's Edward platform like the P7 sedan, could be available in the fourth quarter of 2022. After spy photos of XPeng Motors' new mid-size SUV were revealed in late July and late August, new photos as well as specs have been revealed showing more details of the model. According to Weibo user, the car, which is based on XPeng's Edward platform like the P7 sedan, could be called XPeng G9 and could go on sale in the fourth quarter of 2022. The car's wheelbase is between 3,050-3,100mm, longer than the NIO ES8 and Li Auto's Li ONE. But the car could be less than 5 meters long, possibly slightly shorter than the latter two, according to the blogger. It is not certain if the car will have a third row of seats, the blogger said. It has a full glass roof, similar to a Tesla. It features bezel-less doors as well as hidden door handles, according to the blogger. In terms of body materials, the model uses a lot of aluminum, involving the front hatch, front and rear doors, and the front bumper. The model comes with an advanced autonomous driving system and LiDAR with XPILOT 4.0 support, the blogger said, adding that the layout of its LiDAR seems to indicate that the supplier is still Livox, incubated by drone maker DJI. Its price could lie in the CNY 300,000 (USD 46,600) to 400,000 range, between the XPeng P7, which starts at CNY 229,900, and the P7 Wing edition, which costs CNY 409,900, the blogger said. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:XPEV
by EqualOcean
🔥 China Banning Crypto FUD: 2 Weeks LaterAround 2 weeks ago China announced that they will ban the usage of cryptocurrencies, for the 10th time or so. During this period a lot of investors were calling for the end of crypto and BTC back to $20k. On that exact day, I made the analysis below. As seen in my previous China FUD analysis, China has banned or tried to regulate crypto many times, with little effect on the (long-term) price. Next time that China announces another crackdown on crypto, try to think of it as another possibility to buy in the market at a discount. Since the China FUD 15 days ago, Bitcoin has rallied a massive ~29%, proving yet again that the sell-off was nothing more than a knee-jerk reaction to bad news. Happy trading!
Long
by FieryTrading
6
Luckin Coffee: Back on Track?The tech-powered coffee chain may soon be ready for another public listing. The Chinese coffee pioneer went on to achieve positive revenue growth despite the expected surge in its settlement fees and continued operating losses. More financial data from Luckin will be worth paying attention to in the near future. Unexpected revenue improvement On September 21, 2021, Luckin Coffee (LKNCY:US) filed its annual report of 2020 with the US Securities and Exchange Commission (SEC), which took much longer than many market participants anticipated. Although the fraud in 2019 astonished the China tech world and the company was expected to experience a wide range of store closures and steep revenue decline, its 2020 results surprisingly improved. In the consolidated financial statement, the previous inflated revenue of CNY 5.10 billion in 2019 was adjusted to CNY 3.02 billion. The net revenue in 2020 reached CNY 4.03 billion, a 33.3% growth rate year-on-year. Operation expenses rose by 6.2%, which was largely contributed by the CNY 475 million of losses related to fabricated transactions and restructuring, reaching a total of CNY 6.62 billion. The company continued to be loss-making, with a net loss of CNY 5.59 billion. Yet, the figure includes CNY 2.40 billion of provisions for settlements (for SEC & equity litigants). The non-GAAP net loss, which ignores the above-mentioned expenses, was CNY 1.97 billion, an improvement from a CNY 2.79 level in 2019. Business expanded despite upheavals Another surprise came from Luckin's growing store number under the cloud of fraud, COVID-19 lockdowns, delisting and management team upheavals. As of July 31, 2021, the firm had 4,030 self-operated stores and 1,293 partnership stores. The former store type almost stayed unchanged (from 3,929 in 2019) in terms of numbers while the latter increased by 47.9% from 2019. The report also shows that the coffee chain closed many under-performing stores, most of which were self-operated. This might be a hint for the brand's determination on cost-saving and a switch to a franchise model. With the closing of stores, Luckin was no longer larger than Starbucks, but the coffee brand is still the second-largest since no other coffee chain can surpass it yet, in terms of the number of stores. Amid intensifying competition, self-operating store expansion failed to improve per-store revenue Though it was actively scaling up its business in previous years, evidence shows this strategy did not lead to improvement in per-store revenue for Luckin. In 2020, this problem was still haunting the coffee brand, as its intensive growth factor for self-operated stores (revenue per store per day) significantly underperformed, going negative (-10.1%). Nonetheless, the company's structural adjustment to focus on franchising might be promising, as the intensive growth factor (+106.5%) for partnership stores approached the extensive growth factor (+146.6%), implying that the brand's attempts in opening more partnership stores was advancing side by side with improvement in unit economics. Chinese consumers, especially those from first- and second-tier cities, have developed a habit of drinking coffee, providing a fertile ground for the enlargement of the fresh-brewed coffee market. Interestingly, brought up by the trend the success of Luckin created, novel domestic coffee brands such as Manner have started to emerge, and foreign coffee houses such as Tim Hortons that covet China's coffee 'blue sea' have entered as well. Soon, Luckin should expect an even more competitive industry landscape. In addition, the company was relying heavily on its coupons to acquire customers and expand its business. In the short term, this strategy is cash-burning and requires a vast capital backup, and in the long term it may be unsustainable if their products are not favored by the target consumers, especially now that company is delisted, short of fingertip capital support. Last notes Yet, Luckin's omnipresence in China is still unchallenged by other native and international brands except for Starbucks. Business-wise, it seems the firm is also reacting to the sustainability problem by cutting down its coupon expenses. In 2020, its sales and marketing expenses took up only 13% of the total expenses compared to 20% in 2019 and 31% in 2018. With opportunities yet to be explored in this coffee blue sea, it would be interesting to track the future release from this troubled Chinese coffee leader that survived all the internal and external adversities. For the full article with the charts, please visit the original link. [/ b]
OTC:LKNCY
by EqualOcean
1
USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks. Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
by Thomaswestw
We will wait before taking action on Chinese Stocks. Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio? Of course, we will look at the answer from a technical perspective, and this is the conclusion we make: a) We must see contact with the support level first (Is there buying pressure?) b) If we see bullish pressure, that is the first sign those big investors may be adding again. c) Ok, that's the first filter; the second filter is the breakout of the descending trendline. That would mean a change in behavior or sentiment. Now the price can stabilize and avoid the previous decreasing angle in price. d) Cool, can I buy it now? You can buy whenever you want; however, we will not do that; we want to see our 3rd filter. Corrective Pattern after the contact on the support level + breakout of the descending trendline. It's pretty standard after we observer a breakout of a key level (in this case, the descending trendline), a lot of FOMO comes to the market. "Chinese Stocks are booming! I will not miss this..." And most of the time, those traders or investors get trapped on a correction. e) So if all the previous filters happen, we will develop long setups on BABA. f) Patience is key when looking for quality setups; you can't ask the market for opportunities; you need to wait until the market provides one. Thanks for reading!
NYSE:BABA
by ThinkingAntsOk
55
COIN- BUY THE DIP AND FORGET THE CHINA FUDCoin is very undervalued here at these prices, and is setting up for a amazing risk to reward ratio to open a position. If i was just trading this, i would set a stop loss for somewhere below $215 and Set Profit targets at: $250/$290 & $330. I wouldnt be surpised at all if this ran similar to APPS the past month where the stock price has surged from below 450 a share to pushing $75 a share recently. This for me is starting a long-term position, but i may add extra capital and play some shares as a shorter swing trade. Goodluck Traders!
NASDAQ:COINLong
by FinanceGuy204
AUDUSD ShortA Series of Valuation Signals produced by our models on a range of AUD pairs show a potential downside move about to hit AUD/USD. Our analysis shows Chinese Credit Default Swaps are the top driver negatively impacting AUDUSD, which have been uplifted by the recent Evergrande Crisis. Since this macro driven signal emerged on October 2nd, 2x Hidden RSI Divergence Signals have appeared, with the spot value making lower highs while becoming further overbought. Should there be further downside from China, AUDUSD looks to be the way to express it... LOOK UP™
Short
by UnknownUnicorn25542523
Bitcoin Will Drop... Alot. But it Will Rise Above the Ashes.Markets are going to keep going down in fear of Chinese real estate powerhouse Evergrande defaulting; Bitcoin will drop alongside it in the short term. My chart shows we may still rebound after we hit the 38k area. With that being said, if the Chinese housing bubble crashes, which represents 28% of China's entire economy, we will enter a global correction. Combine that with current inflation rates (6% on the year), and if this spending bill passes congress, we will enter a long term bearish outlook; which will shred BTC down to the 20K's in the short term as people liquidate assets in fear of them dropping further. That will be the ultimate buy opportunity, as BTC will serve as an inflation hedge long term, and only augments Bitcoin's use case - despite China working overtime to thwart the coin at every new opportunity it seems. The only chance Evergrande has, is if the Chinese government bails it out. But that will only alleviate things for a short time, a band aid. If that happens, and the markets rebound, im looking to liquidate my stock portfolio and hold cash. The whole world is looking at China right now...
COINBASE:BTCUSD
by Tokademics
HUYA (1W) - Midterm Plan Hi Traders, Below is my Idea about this very good loking company .... from CHINA !! Compared to competitors (like Twitch) is discountedm same like DOYU. WHich are both owned by TENCENT as one of biggest investors. After some FUD price from chinese government the price is Dummping. In my Opinion, we are approaching end of impulsive wave DWON. you can also see touch with downtrend line + RSI COnvergence + MACD Convergence. Which are very bullish signs for me. ALso fundamentally, this could be very good investment. But lets see. My plan is to take around 75-100% and sell everythin from actual price around 8.40 USD. Trade safe. Enjoy the ride.
NYSE:HUYALong
by Longevity_Contrarian
3
Gaotu Hints at Vocational Education Shift Due to the recent introduction of the 'double reduction' policy by the state to regulate the country's expensive private education industry, Gaotu is looking to adjust its focus. The Chinese edtech firm Gaotu released its Q2 earnings report for the period ended June 30, 2021, on September 23 2021. - Net revenue was CNY 2.23 billion, a 35.3% year-over-year increase. - Net revenues of online K-12 courses increased 51.0% year-over-year to CNY 2.09 billion. - Gross billings were CNY 2.69 billion, a 12.2% year-over-year increase. - Gross billings of online K-12 courses increased 17.2% year-over-year to CNY 2.57 billion. - Paid course enrollments increased 4.1% year-over-year to 1,631 thousand. - Paid course enrollments of online K-12 increased 4.5% year-over-year to 1,563 thousand. - Net loss was CNY 918.8 million, compared with a net income of CNY 18.6 million in the same period of 2020. - Non-GAAP net loss was CNY 763.9 million, compared with non-GAAP net income of CNY 72.7 million in the same period of 2020. - Deferred revenue was CNY 1.97 billion, compared with CNY 2.73 million as of December 31, 2020. Larry Chen Xiangdong, Founder and CEO of Gaotu, said in the financial report that Gaotu has adjusted its organizational structure, transformed its focus to vocational and STEAM education instead and would further work on digital products and vocational education. Shen Nan, CFO of Gaotu, further expressed that in exploring vocational education, the public service examination has maintained a high level. The number of paying users of financial certificates has increased fourfold year-on-year, Shen said, "In the future, we will focus on areas strongly supported by the government and create a multi-faceted interactive platform covering all education categories to achieve lifelong learning."
NYSE:GOTU
by EqualOcean
17EdTech Hits USD 104 Million in Revenue for Q2 2020The Chinese edtech firm’s K-12 tutoring service contributes 98.7% of its revenue 17EdTech released its Q2 earnings report for the period ended June 30, 2021, on September 23. - Net revenue was CNY 671 million, a 147.2% year-over-year increase. - Net revenues of K-12 tutoring service increased 163.9% year-over-year to CNY 662 million. - Paid courses enrollment reached 1.18 million, a 131.1% year-over-year increase. - A 68.3% increase in operating expense year-over-year consists of CNY 307 million in S&D and CNY 230 million in R&D. - Net loss was CNY 218 million, narrowing down by 73% compared to Q1 2021. - Cash and cash equivalent CNY 2.16 billion, an 23% decrease from last fiscal year. - Monthly average users reached 1.65 million, a 24% decrease year-over-year 17EdTech also announced that Co-founder Mr. Xiao Tong resigned from the board of directors due to personal reasons effective from September 23, 2021. Since the uncertainty in the supervision of the firm and the operation circumstances 17EdTech did not release the performance guideline for the next quarter.
NASDAQ:YQ
by EqualOcean
New Oriental Records USD 4.27 billion Revenue in FY 2021AccordinAccording to the latest regulatory developments, it plans to shut down a certain number of learning centers in the fiscal year 2022. The Chinese edtech giant released the audited performance report for the fiscal year 2021 on September 24 Revenue was USD 4.27 billion, a year-on-year increase of 19.5%. The net profit was USD 230 million, a year-on-year decrease of 35.03%. The net profit attributable to shareholders was USD 334 million. The revenue of New Orientals plans and services in the fiscal year 2021 was USD 3.93 billion, accounting for 92.1% of the total revenue while the revenue of books and other services was recorded as USD 340 million, accounting for 7.9% of the total revenue. The firm's business is mainly divided into seven categories, including K12 after-school counseling, examination preparation courses, adult language training, kindergartens, primary and secondary schools, textbook development and distribution, online education, overseas study consultation, overseas study tour and other services. - New Oriental's revenue from K12 after-school counseling, test preparation and other courses was USD 3.66 billion, accounting for 85.8% of the total revenue, an increase for three consecutive years. Online education revenue was USD 211 million, accounting for 4.92% of the total revenue, with a year-on-year increase of 37.91%. - The revenue of kindergartens, primary and secondary schools, textbook development and distribution, study abroad consultation, overseas study tour and other services was USD 399 million, accounting for 9.33% of the total revenue. - In terms of the number of students, as of the reported period New Oriental has 6.723 million students participating in extracurricular counseling courses for middle school and high school students, and 5.348 million students participating in extracurricular counseling courses for kindergarten and primary school students. There are about 390000 students enrolled in the preparatory courses, including 198000 overseas preparatory courses and 193000 Chinese preparatory courses. About 5000 students enrolled in the adult English course. - In terms of the number of teachers, the financial report shows that as of May 31, 2021, New Oriental has employed 54200 teachers, mainly full-time teachers, followed by contract teachers. In terms of expenses, the total operating costs and expenses of New Oriental during the reporting period were USD 4.159 billion. Among them, the revenue cost was USD 2.037 billion, the sales and marketing expenses were USD 600 million, the general and administrative expenses were USD 1.49 billion, and the impairment loss of intangible assets and goodwill is USD 31.79 million. - In this report, New Oriental believes that the measures taken to comply with the 'double reduction' policy will have a significant adverse impact on the firms' business, financial condition, operating performance and prospects. New Oriental said that it may take further actions on discipline counseling services in the stage of compulsory education in the near future to ensure its legal compliance, including closing some learning centers and layoffs when necessary, so as to maintain continuous operation.
NYSE:EDU
by EqualOcean