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EO500 Tracker: Tencent Boost Overseas Sales Amid COVID-19Founded in 1998, Tencent is one of the oldest big tech companies in China. The tech giant has dominated the entertainment universe, focusing on integrating its digital ecosystem. With the acquisition of Riot Games, Tencent has amplified its global influence in the entertainment and game industries. In recent years, while its funding activity in some countries, like Korea, were entertainment-focused, the firm's M&A and investment in other regions, such as India, were more comprehensive, aiming to build an ecosystem. In 2020, the company invested more than CNY 275 billion (year-on-year growth of 84%) in overseas markets, focusing on North America, Asia and Europe. Meanwhile, its overseas revenue hit CNY 33.9 billion in 2020 compared with CNY 16.7 billion in the previous year.
HKEX:700Long
by EqualOcean
EO500 Tracker: BYD Boosts Overseas Sales Amid COVID-19 PandemicCOVID-19 has severely affected global markets. As per the recent IMF report, the world's GDP declined by 3.5% in 2020, with a significant increase in unemployment, disposable income reduction and lowered productivity in secondary and tertiary industries. At the same time, this period of turbulence separated the wheat from the chaff, filtering out uncompetitive companies. Adjusting their businesses, many firms have responded with localization strategies, while others have seized opportunities in overseas markets to reinforce their global influence. Among the 45 largest (by market cap) publicly-traded EO500 companies, 16 firms saw their overseas revenues increasing in 2020. In this regard, BYD, Xiaomi and Tencent were among the best performers, with year-on-year growth of 203%, 34% and 103% respectively. Founded in 1995 and swiftly known as a pioneer in battery technology, BYD (01211:HK) expanded its footprint worldwide, with operations in over 50 countries and regions. It has a strong market presence, principally participating in the automobile business, offering traditional fuel-engine vehicles and new energy vehicles, rechargeable batteries, handset components and other related products. With the strongest performance in the international market amid the pandemic and global economic uncertainty, the company's overseas revenue rocketed from CNY 19.5 billion to CNY 59.1 billion, establishing a leading position in the global new energy vehicles sector. Such a massive growth was driven mainly by the combination of improved product quality and growing demand. With a patent portfolio covering lithium iron phosphate batteries, control technologies in bidirectional converters and high-power charging systems, BYD continues building its high-tech prowess. Besides the firm's technological advancements, cost advantage is speeding up the process as well. In recent years, BYD tried to localize its production worldwide, establishing manufacturing plants in numerous countries like the US, Brazil, France and Hungary. This long-term development strategy helps the company minimize costs and avoid tariffs, providing advanced after-sale services.
OTC:BYDDFLong
by EqualOcean
EO500 Tracker: Xiaomi Boosts Overseas Sales Amid COVID-19Among the 45 largest (by market cap) publicly traded EO500 companies, 16 firms saw their overseas revenues increasing in 2020. In this regard, BYD, Xiaomi and Tencent were among the best performers, with year-on-year growth of 203%, 34% and 103% respectively. Xiaomi (01810:HK), established in 2010, has emerged as a top consumer electronics brand. The company offers numerous products like smartphones, laptops and smart home products, garnering support in more than 100 countries and regions around the world. With a large share of many European and Asian countries' markets, its overseas revenue increased steadily amid the epidemic from CNY 91.2 billion to CNY 122.4 billion, accounting for 49.8% of total revenue. In June 2021, the firm's global mobile phone market share rose to 17.1%, overtaking Samsung (15.7%) and Apple (14.3%). Meanwhile, its mobile phone sales grew by 26% on the back of Huawei's decline and prioritization of 4G and 5G-enabled smartphones, marking it the fastest-growing brand for the month.
OTC:XIACFLong
by EqualOcean
A Glance at Tencent's Insurance Technology VenturesTencent has also sped up its venture into the insurance industry. In 2016, Tencent invested in Waterdrop Inc, which turned out to be China's first Insurtech stock (WDH:NYSE), as one of the angel investors. In 2017, Tencent also received the admission ticket, which is an insurance license for its Weimin Insurance Agency Co., Ltd or WeSure issued by CBIRC. WeSure Launched in 2018, WeSure had attracted about 50 million clients as of November 2020. Meanwhile, the number of its registered users has exceeded 100 million. Benefiting from the powerful data networks of WeChat and Tencent's other platforms, WeSure has provided its partners with vital insurance-related technologies, including anti-fraud, risk identification and precision marketing. Users can make insurance purchases, inquiries and claims directly on the firm's vastly popular instant messaging and lifestyle platforms, WeChat and QQ. WeSure has its own edge competing with AntSure. AntSure focused on 'insurance supermarkets' and relied upon cost-effective products based on natural flow conversion from its ecosystem. On the other hand, the focal points of WeSure are its selective customized products and real-life consulting services, which can provide enhanced one-on-one services to help customers with insurance configuration, claims assistance and more. Besides, WeSure has always taken the initiative to partner with foreign insurers, such as AXA and MetLife, to further expand the scope it can reach. In the early stages of COVID-19, WeSure and AXA launched an insurance plan which protected more than 100,000 front-line medical service staff, and the total insured amount of people through WeSure is over 15 million since the outbreak. In addition, WeSure has actively explored charitable opportunities through the use of online insurance; for instance, WeSure established the 'WeSure Charity Fund' to enhance the effectiveness of insurance as a social stabilizer through leveraging the Internet and insurance to increase participation in philanthropy. Bottom line Despite the regulatory shakeups, WeSure and AntSure remain key tech-powered driving forces in China's insurance domain, embracing the potential to reshape the industry landscape. For the full article with the charts, please visit the original link.
OTC:TCEHYLong
by EqualOcean
BYD Enters Europe with Delivering Tang EV in NorwayThe Shenzhen-based firm has imported a total of 100 units of the Tang EV to the Scandinavian nation. The Chinese EV-maker shipped the first 100 BYD Tang EVs from Shanghai to Norway about two months ago which was the company's first passenger car shipment to a European country. BYD plans to deliver as many as 1,500 units of the BYD Tang EV to dealers in Norway this year. The company has pre-sold 500 units in the country already. Along with its Scandinavian distributor RSA, the Chinese auto veteran has built up a network of 45 dealers. The subsidized price of the EV in China is CNY 279,500 to 314,800, while the car will be sold for about 600,000 Norwegian kroner in Norway which is about CNY 130,000 more expensive. In July this year, BYD's sales of new energy passenger cars soared by 262.7% year-on-year to reach 50,057 units, setting a new record for the firm's own monthly sales. It also marked a record high for China's monthly sales of new energy passenger cars.
OTC:BYDDF
by EqualOcean
iQIYI Earns CNY 7.6 Bn in Q2 2021Owing to the success of original TV dramas, the large Internet content company still maintains remarkable revenue in the off-season. On August 12, 2021, iQIYI published the unaudited financial report for the second quarter of 2021. In the second quarter of 2021, its total revenue reached CNY 7.6 billion, up 3% year over year. Among them, the revenue from member services reached CNY 4 billion, accounting for 52% of the total revenue, while the revenue of online advertising services reached CNY 1.8 billion, accounting for 23%. Meanwhile, in the second quarter, iQiyi's revenue cost reached CNY 6.9 billion, of which the content cost was CNY 5.1 billion, basically the same as the same period in 2020. It is worth mentioning that the company's net loss was reduced to CNY 1.4 billion, which has narrowed year-on-year for five consecutive quarters. The company also announced that, as of June 30, 2021, the company had 106.2 million subscribers. Yu Gong, CEO of iQIYI, said that although the second quarter was an off-season, driven by the company's continuous launch of original TV dramas, its subscription members increased significantly and continued to lead the market in a number of operational indicators. At the same time, iQIYI Extreme App for users in sub-tier cities in China and the company's overseas business have shown a strong development momentum.
NASDAQ:IQ
by EqualOcean
A Glance at Ant Group 's Technology VentureThe wave of fintech has spread to the insurance industry, giving rise to the 'Insurtech' and the related niche markets. However, in China, the insurance penetration rate (2.7%) and premium per capita (USD 47) are both lagging, leaving much room for potential. Chinese Big Tech is seizing this opportunity and the competition is just getting started. The term 'Insurtech' is self-explanatory, expressing the blending of technological solutions with insurance. By applying such technologies to various scenarios, insurance companies boost service quality and expand their product portfolios. In a broader sense, Insurtech is an innovative technology cluster consisting of new digital tools developed to optimize the performance of insurance companies and to deliver a better customer experience. A strong point of Insurtech to date has been strengthening companies' underwriting abilities by incorporating artificial intelligence-based risk assessment. This boosts revenue by allowing them to move into adjacent niche markets. The emergence of new technologies has installed new dynamics in insurance products while also adding more complexities. When traditional insurance companies and Internet giants are drawn to share a piece of the market, the competition is likely to intensify in the short term. The Chinese insurance market has grown rapidly over the past decade, and so has the Insurtech segment. The tremendous development that Insurtech has experienced was mainly driven by changes in customers' behaviors (according to EY, 59% of mainland China's life insurance consumers' preference for interactions and relationships with insurers skews strongly toward digital), technology advancements (big data, IoT, blockchain, Cloud computing, etc.) and more supportive policies. Several internet giants in China have entered the market as distributors by utilizing their large volumes of traffic, while the traditional risk carriers – or to say, insurance incumbents, have also made scaled investments in technology solutions. Other technology enablers, such as start-ups focused on specific pain points in insurance operations, have accounted for a part of the whole market as well. Ant Group's insurance play In July 2017, China Banking and Insurance Regulatory Commission (CBIRC) announced the approval of the establishment of Hangzhou Baojin Insurance Agency Co., Ltd, a wholly-owned subsidiary of Ant Financial. After six months, the company officially changed its name to Ant Insurance Agency Co., Ltd — the same old trick other big names always play — which hinted at the company's ambition to fully enter the insurance industry. AntSure (as it is named in the English version of Alipay), a one-stop platform for servicing insurance needs, is designed to assist insurance company partners to provide a wide range of innovative, customized and easy-to-obtain products. Up to H1 2020, the Alipay-owned insurance platform had closely cooperated with over 90 Chinese partner insurance institutions, offering over 2,000 products, covering areas from life insurance, health insurance to property insurance and other customized products. The company's revenue mainly comes from the technical service fees paid by the partners based on the premiums and apportioned amounts promoted by Ant Insurance Agency. According to the prospectus for the Hong Kong IPO, the insurance premiums enabled through Ant Group's platform – as well as contributions by Xianghubao (i.e. an online healthcare mutual aid program launched in October 2018, which aims to provide mutual protection with no upfront payment or admission fees required) participants – reached CNY 52 billion for the 12 months ending June 30, 2020, and the total number of customers served reached 570 million. The biggest advantage of the in-house agency platform is the huge traffic acquired through Ant Group's products. The huge user base accumulated in the early stage of superapp Alipay and Alibaba-based e-commerce have laid a solid foundation for the rapid expansion of Ant Insurance Agency, making it the largest online insurance services platform in China, according to the prospectus. In addition to platform-based insurance, Ant Group also has scenario-based insurance offers that are closely connected with Alibaba, Alipay and other businesses, such as consumer insurance, Alipay's account security insurance, freight insurance and so on.
NYSE:BABALong
by EqualOcean
The Crisis every investor is waiting for. What you gonna do?There are several factors in the market that raise concerns. Each of which could have a huge negative impact on the economy and the stock market. Lets take a look at it to clear our vision. At least that is what I am doing. What factors could that be. Inflation Wage Inflation Money Supply Money circulation Housing bubble China Regulations China Currency Manipulation China Delta Variance of Covid/ The Warren Buffet indicator In this episode I only will throw my thoughts in for a few things The other items will be explained at a later time. I have a lot of other things to do. Trading is 90% research and only of 10% mouse clicking. Inflation . CPI, the consumer price index, and the PPI, the producer price index. Certain stocks do better than other in an inflationary environment. If inflation hits too high consumer spending decreases and hence the demand shrinks and hence the economy starts to stagnate. We can see that the inflation rate is slowing (red), and the y/y rate (blue) is flattening. But we will see next month. This is something to watch out for. Feds might start tapering earlier than next year. Image missing The Producer Price Inde x is at high a level and sitting there. This will only decrease when transportation, sea ports, can keep up with demand and if raw material and commodity costs will decrease. But this can take a while and I expect the PPI staying at this level for a while and hence costs will be past on to the consumer. Hence the Consumer Price Index will follow. Image missing Wage Inflation . We should also take a quick look at the Wages and what they say.We can see that wages increased dramatically since May 2021 There is a shortage of labor. Labor is a commodity as everything else and the price follows supply and demand. But do not kid yourself. A company has to make profit and the labor is part of Cost of Goods sold, COGS. The company MUST increase prices to balance the wages increases. Thus, you wont make anymore money when you have to pay more at the till for what you buy!!! Wages increases mostly never benefit anyone, not the worker and not the company. The company become less competitive and the Worker pays more afterwards. The ONLY method to increase wages is by cutting taxes because taxes are NOT part of COGS and has no negative impact on companies. Just the opposite. With more money in the pocket the consumer starts more spending and that benefits the companies and they will produce more and hire more people. You see? Think about it. Your wage increase is not worth a dime with inflation. And wages increases drive inflation up! Thats why we advocate for smaller government, less regulations and less government spending. Image missing Money Supply , M1, is the amount of Cash circulating the system. It includes the "Free Money" printed by the FEDs given out to people due to Covid. "Stimulus check". The day-to-day money like cash, coins and checking deposits. We can see that since Covid the money made a huge jump and supply still is increasing. There is an enormous amount of cash in the system but does it circulate? Also keep in mind that when people spend money and do not produce the demand increases but the supply decreases. Add to it the sea ports, transportation bottlenecks and the open jobs, and you know why inflation is increasing dramatically. Image missing M1V is the velocity of Money . This is the speed of money in the circulation of the system. The day-to-day money like cash and coins. How many times a Dollar changes hand in a certain time period. A higher circulation rate or money flow indicates a greater economic activity, money is changing hands quicker. A slower rate of velocity indicates a sluggish or declining economy. Interesting to observe is that with Covid the money circulation fell out of the sky. Yes everybody was laid off. But when you take a closer look the change q/q is still negative, which means the circulation of money in the economy is still slowing down even though at a slower rate! This means that with an increase in money supply at hand of people, we will see a decline in spending!! Not good for the economy. Give me the Retail Numbers. Image missing M2 Money Stock includes M1 plus savings deposits, money market securities, mutual funds. This is one way the FEDs trying to keep the cocaine going. They buy MBA (Mortgage Backed Securities) and Bonds from banks in order to create more demand in order to keep bond prices up and the yields down. The 20 year Treasury Bond ETF, TLT from Barclays, i.e. With this the FEDs keep the money in the stock market. The bond prices are going up when the FEDs keep on buying. But with buying Bonds the yield (interests) are going down since you pay more for the fixed interest rate, which means the percentage of return per bond is shrinking because the yield stays the same but the price for the asset rises. It is an inverted relationship to the TBT. Image missing In the M2SL supply we can see that with Covid there was an money injection. After the Covid the money injection accelerated and is increasing fast, more inflation. And we can assume that lot of this money is with the bank. You can walk into any bank and get a personal loan, because money is a liability for the bank, loans generating profits. We can further assume with all the said before that even the banks do not know in what tangible projects to invest. Where is the infrastructure bill going? There is nothing so far. It is all warm air from the Biden administration. Further reading at investopedia dot com Conclusion Inflation is on the rise and will stay. Wages wont go back to before pandemic levels. Costumers also will get use to paying more for some items, like gasoline, energy and transportation, vacation. The Producer inflation for raw material and transportation is also going up and will stay high for a long time. Inflation cannot grow for ever and at such pace. The Feds have to start tapering soon. Then they will firstly reduc3e buying Bonds and MBA, which will drive the yield up. This also will cool the housing bubble a little since the banks are now required to carry the risks they could push to the FEDs by selling them MBAs. Mortgages will be harder to acquire. When the Feds starting to taper, they will reduce the flow of money, which is not yet increasing anyway, as we can see, they will battle inflation. What is your wage increase of 5.5% this year worth when the inflation hits 6%? Nada. You lose money. At the point of tapering the institutions will start moving money out of the stock market due to risks! And they will put it into bond and or Gold. If there is a crises developing that will include China and the Euro Zone they will also start buying US bonds the USD will rise. This conclusion is preliminary. The housing bubble and other indicator will follow. Please be advised, I am not a financial adviser. I am not recommending any trades. I am just a crazy guy with a wild brain. If you want to see the picture to the story, you have to go to hedgingstocks.blogspot dot com
SP:SPXShort
by Option_Crusader
4
DiDi: Charged by Regulators, Stumbles after Launching its IPOThe central government's probes into major tech-oriented transportation companies are obscuring the development of the likes of DiDi. DiDi took only 20 days to be listed in the US market, which appeared odd to investors and regulators. With over 22 rounds of financing, the mobility company has long been under pressure to make profits for its shareholders. DiDi has occupied a large share of the world's mobility market but still struggles to reach profitability because of high operating risks. The Chinese government's investigation inserted high political risk into any plan to invest in the company's stock. On June 30, 2021, DiDi was listed on the New York Stock Exchange with a ticker of DIDI. It offered 317 million ADS with an initial price of USD 14 and raised at least USD 4 billion during its IPO. Oddly, the company took only 20 days to go public and determined the issue price only three days after the roadshow, one of the shortest IPO processes in recent years. The IPO price increased to USD 16.65, up 18.93%, on the IPO day, and the company's market value reached USD 79.8 billion. However, its stock continued to depreciate after that. Founded in 2012, DiDi Global has been constantly strengthening its business in a quest to become the world's largest mobility technology platform. In 2013, owing to massive investments from Alibaba, Tencent and a few other companies, Kuaidi Dache and DiDi formed a duopoly market in the mobility field in China. The two companies merged in 2015, rebranding as DiDi Global. In 2016, the company acquired the Chinese branch of Uber, monopolizing the domain in the country. As of March 2021, DiDi spanned more than 4,000 cities and towns in 15 countries, providing online car-hailing, taxi, free riding, bike-sharing, motorcycle sharing, agency driving, car services, freight, finance and automatic driving services. DiDi currently has 15,914 full-time employees globally, including 7,110 researchers (accounting for 44.7%), indicating the company's emphasis on technology-intensive operations. Qing Liu, the daughter of Chuanzhi Liu, former chairman of Lenovo, joined DiDi in 2014 and was promoted to the president a year later. Previously, Qing Liu served as managing director of Goldman Sachs Asia. According to the company's prospectus, she and Wei Cheng, the founder and CEO, have become two DiDi controllers, holding over 48% voting rights. Since its establishment, DiDi has received 22 rounds of financing, with a total amount of more than USD 20 billion. These funds came from the finest investment institutions such as SoftBank, Sequoia Capital and well-known companies such as Apple, Toyota, Tencent and Alibaba Group. According to its prospectus, prior to the IPO, Softbank (Vision Fund), Uber and Tencent became DiDi's largest shareholders, with about 41% shares. The company has also attracted investment from several state-owned institutions, such as Ping An and Bank of Communications. Possible reasons behind DiDi's accelerated listing We found at least two reasons why DiDi chose to be listed so quickly. First, DiDi has attracted a bunch of investors since the company was founded. But for many years it did not make a profit, remaining a money-burning startup. In other words, the IPO of DiDi was intended to keep the lights on. Second, we believe that the blocked IPO of Ant Group also had a negative impact. Completing the preparation of all the documents and going public within one month may have been to avoid the supervision of the Chinese government. The latter argues that DiDi may have some operation data that does not conform to the laws of either China or the United States. According to some industry insiders, DiDi earlier planned an IPO – in 2015. This is mainly due to the rapid rise of the Chinese stock market in 2015, with the Shanghai Composite Index soaring by 60% and the Shenzhen Component Index soaring by 122% that year. However, the stock market disaster in the following year postponed its listing. In 2021, with the demise of COVID-19, the US economy is expected to become overheated, and Fed rates are expected to rise in 2022, which may have a negative impact on the stock market. 2021 might be the last chance for DiDi to go public in the recent economic cycle. If DiDi is not listed yet this time, the initial investors' payback periods may be further prolonged, with some even choosing to divest. Financials According to the IPO prospectus, DiDi's total revenue in 2020 reached CNY 141.7 billion (USD 20.5 billion), slightly lower than that in 2019. From 2018 to 2020, DiDi's annual net losses were CNY 15 billion, CNY 9.7 billion and CNY 10.6 billion, respectively. Among the revenue segments, China's travel business accounts for more than 94% of DiDi's total revenue in recent years, of which online car-hailing income contributes more than 97%. This indicates a skewed revenue mix. DiDi attracted services to over 493 million annual active users and powered 41 million average daily transactions by the end of Q1 2021. According to the company's estimate, there are 15 million active drivers in the world every year. In the 12 months ending March 31, 2021, DiDi's global average daily trading volume reached 41 million. The total trading volume of the whole platform was CNY 341 billion, ten times ahead of the nearest rival in China. DiDi has formed a monopoly market in the country's ride-hailing sector. And it seems abnormal for an absolute industry leader to have continuous large losses. It is worth noting that DiDi broke even and made a net profit of CNY 5.5 billion in the first quarter of 2021. Nevertheless, about CNY 12.4 billion was a floating investment profit, and the company still suffered an operational loss of CNY 5.5 billion. Before March 31, 2021, the last day of the reporting period, DiDi deconsolidated the community group-buying business, Chengxin (which was only put into operation for one year) from the Group. The split removed the loss of Chengxin from the statements and converted it into a floating profit of 9.1 billion investment revenue, which looks like window dressing. This, we think, also showed an aim of going for a quick listing and a high valuation. High political and operational risks On July 2, 2021, three days after DiDi's IPO, the Chinese government conducted a network security review of the company on suspicion of collecting user information in serious violation of laws and regulations. Shortly, new user registration of the DiDi app was banned, and then 25 apps related to the company were required to be removed from the App Store and Google Store. According to EqualOcean's research, DiDi launched a drive recorder in 2017. This device provides high-precision surveying and mapping data of China's urban and rural areas, and it is mandatory for all contracted drivers to install the recorder – otherwise, they won't be qualified to leverage the firm's platform. On March 31, 2021, the SEC issued the Holding Foreign Companies Accountable Act (HFCAA), which stipulates that the Public Company Accounting Oversight Board (PCAOB) is responsible for supervising the audit institutions of listed foreign companies. For example, the inspection team should have access to all working papers. However, DiDi's papers contain much important information, such as the mentioned high-precision surveying and mapping data. Considering DiDi's monopoly position and huge user base, once the US government obtains these data, China's national security is bound to face a great crisis. The company was investigated because it was suspected of unauthorized transmission of important data secrets to the United States. Although the investigation is not over, DiDi's bizarre listing and the extremely harsh wording of the Chinese government have magnified the political risk enormously. Another risk comes from its revenue model. The single revenue model determines that the company can only rely on increasing the commission rate taken from drivers. As a result, the drivers are often the object of complaints and dissatisfied feedback, which has also led to the intervention of the regulatory authorities many times. According to Xinhua.cn, the de facto commission rate has risen to 25% or even higher, far higher than the 21% promised by DiDi. Meanwhile, the detailed calculation of the commissions is unavailable for drivers. Even if DiDi continues to increase the commission rate, the company still does not achieve consolidated profit growth, indicating problems in the operation of the company and its business model. Bottom line To sum up, considering the political risks and potential operational problems, we do not think DiDi stock is a good short-term investment target. Besides, there is a looming risk of delisting. (Wall Street Journal reported on July 29, 2021 that DiDi is considering going private and compensating investors, but DiDi commented later on that the information was untrue). DiDi is likely to continue to rely heavily on China's mainland market to generate profits. The company will remain in the government agencies' scope for a while. The board and principal shareholders of the company are likely to change. We anticipate that DiDi will pay more attention to the development of foreign markets, expecting the proportion of overseas business income to increase in the short term. We also believe the company will market its international products separately from the domestic ones, as ByteDance is trying to do.
DShort
by EqualOcean
NIO's Strong Q2 2021 Results: Revenue Up 127%, Net Loss HalvesThe electric vehicle maker generated CNY 8.45 billion this quarter, getting closer to break even. On August 11, 2021, Chinese electric vehicle (EV) maker NIO (NIO:NYSE) released its financial report for the second quarter of 2021, with most key figures improving year on year: The total revenue hit CNY 8.45 billion, up by 127.2% from Q2 2020 and by 5.8% quarter on quarter. CNY 7.91 was made from car sales: NIO beat analysts' estimates, completing 21,896 vehicle deliveries in the second quarter. Net loss reached CNY 587.2 million, shrinking by 50.1% from Q2 2020 but increasing by 30.2% from Q1 2021. R&D cost grew by 62.1% year on year, reaching CNY 880 million; it now equals 10.4% of the firm's total revenue. While world-leading EV maker Tesla (TSLA:NASDAQ) is facing demand-side issues in the Chinese market, its local competitors are jumping in to fill the void. Through supply chain optimization and effective marketing messaging, NIO is solidifying its position as the domestic champion in the EV market's premium segment. For the full article with the charts, please visit the original link.
NYSE:NIOLong
by EqualOcean
Auto Sales - Off the Cliff - TESLA FanBois ImmunityMartha's Vineyard parties are Legend. While Faucci suggests large groups of people gather without wearing masks... many will die. "These people are dangerous." After all there people eat at Sonic and many went to a Community College. Papers please, Vaccine Passport Por Favor. The China Passenger Car Association reported that Tesla's sales in China fell to 8,621 cars in July, down 69.7% from June sales. Tesla Vehicle sales accounted for 3.9% of July sales of EV's in China A decline of 12.6% Month over Month. Tesla believes that China will be 40% of deliveries for Tesla in 2022. With respect to the Long Con and Tesla - Tomorrow never dies, there is always "Hope" projections will deliver. They will not.
FRED:DAUTOSAShort
by HK_L61
8
Xiaomi Expects to Invest Over CNY 13 Bn in R&D in 2021Xiaomi's official Weibo showed that the company's investment in technology research and development (R&D) had increased steadily over the past two years. On August 8, Xiaomi officially announced that its investment in R&D has increased at a compound annual growth rate of 30% in the past two years. In addition to wired and wireless fast charging, the company also has layout and output in chips. As early as February 2021, Lei Jun, Xiaomi's founder, revealed that the firm had invested CNY 10 billion in R&D in 2020. In 2021, Xiaomi will continue to maintain a high investment in R&D, which is expected to increase by 30% to 40% (about CNY 13 billion to CNY 14 billion). The financial report shows that in 2020, the company invested CNY 9.3 billion in R&D, with a year-on-year growth of 23.5%. In the first quarter of 2021, its R&D expenditure was CNY 3 billion, representing an increase of 61%. Although Xiaomi's R&D investment still lags behind some leading mobile phone manufacturers such as Apple, Huawei and Samsung, the firm's sales are impressive since 2021. The Canalys report shows that in Q2 2021, the global smartphone shipments were about 316 million units, with a month-on-month decrease of 9%. Among them, Xiaomi ranked second with shipments of 52.8 million units, showing a year-on-year growth of 83%. This is also the first time that the company ranked second in terms of shipments. On August 5, a report released by Counterpoint Research, a data research firm, showed that in June 2021, Xiaomi's global mobile phone market share rose to 17.1%, surpassing Samsung (15.7%) and Apple (14.3%), ranking first in the world. Meanwhile, its mobile phone sales grew by 26%, making it the fastest-growing brand for the month. For full articles with the charts, please visit the original link.
OTC:XIACF
by EqualOcean
China Tower Achieves CNY 42.67 Bn in Revenue in H1 2021Benefiting from the pulling effect of 5G construction, China Tower revenue and profit have gradually increased in recent reporting periods. On August 9, 2021, China Tower released the H1 interim performance of 2021. According to the financial report, the company achieved operating revenue of CNY 42.67 billion in the first half of the year, up 7.2% year-on-year. The net profit of the company reached CNY 3.46 billion, a year-on-year increase of 16.1%. At the same time, more surprising is that the company's capital expenditure has been reduced to CNY 10.36 billion, down 27.6% compared with the same period last year. Revenue from 5G is the driving force to its remarkable performance. Jilu Tong, the CEO of China Tower, said at the 2021 interim performance meeting that 5G contributed 64.1% to the company's revenue. In the first half of this year, about 256,000 5G construction projects were completed in China, of which 97% were conducted using existing towers, leading the whole work. China Tower has also drawn wide attention, with China Telecom and China Mobile returning to the A-share market one after another. For this rumor, the company responded that the company has no plan to return to the A-share market at this meeting. For full articles with the charts, please visit the original link.
HKEX:788
by EqualOcean
$BABA long term uptrend still valid or not?NYSE:BABA The uptrend support line since the year 2016 is tested. Although it outshoots by a bit due to china news, it rebounds strongly back into the uptrend. With a stable earnings report just announced, plus a lot of new reinvestment done by the management to further increase their revenue, the next few quarters could be quite interesting. If the price can stay around here with a higher rebound, it should prove the support is still valid. Anyway, anything can happen. Let's see.
NYSE:BABALong
by eddyson1006
China ETF GXC - the music ain't overRecently, the China market had dived on regulatory action over the past couple of weeks. It hit a low point way out of range, and then bounced back technically. And the past week saw a range bound attempt to break out. This attempt failed to extend the rally higher out of the range, but instead fell down to the range support. In the process, it left a gap support and held above this in a range. The weekly chart has a rather unique candlestick pattern, where a long tailed hammer body is engulfed by a down candle. This is ominously bearish. The Daily chart is no better, with a failed breakout, and a gamp down to follow through, ending the week at support with ailing technicals. A revisit to the last low is due... More downside incoming!
AMEX:GXC
by Auguraltrader
2