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On August 19, Chinese online fintech platform 360 DigiTech released its 2021 Q2 earnings report. The earnings report showed that the company's revenue for the quarter was CNY 4 billion, up 19.8% year-over-year, and net profit was CNY 1.55 billion, up 76.6% year-over-year. 360 DigiTech shares rose 6.21% on that trading day. Founded in July 2016, 360 DigiTech is a...

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According to Wilson's report, the average price of BYD's vehicles has surpassed that of popular joint venture brand Volkswagen by about CNY 10,000. BYD is an automobile company that provides vehicles, EV batteries, semiconductors and electronics foundry services. We estimate its stock's value based on the sum-of-the-parts (SOTP) method. The company's EV and...

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In Q2 2021, the company generated CNY 944.7 million in revenue, with a year-on-year increase of 46.5%. According to Niu Technologies' Q2 2021 financial announcement: - Revenue rose by 46.5%, reaching CNY 944.7 million. - The gross profit margin was 22.7%, compared with 23.0% in the same period of 2020. - Net profit hit CNY 91.8 million, representing a 61.6%...

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The company is expected to report its Q2 2021 financial results on August 30. Li Auto will use the money from the secondary public offering to develop a battery EV. Li ONE is a good-selling model – but the company is yet to prove its ability to roll out a mature BEV. There are concerns about Li's technology and goal-setting, but there is room for...

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Founded 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,...

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COVID-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...

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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. Xiaomi (01810:HK), established in 2010, has emerged as a top consumer electronics brand. The company...

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Tencent 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...

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The 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...

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Owing 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...

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The 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...

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The 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...

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The 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%...

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TuSimple's release of its first financial report after the IPO negatively affected its share price. On August 6, TuSimple released its financial report of the second quarter of 2021. According to the financial report, TuSimple's revenue for Q2 2021 was USD 1.482 million, achieving a year-on-year increase of 463.5%. The net loss was USD 117 million, up 316.6% from...

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Xiaomi'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...

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Benefiting 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....

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BYD may supply its "blade battery" to Tesla in the second quarter of next year. BYD's new energy vehicle sales in July were 50,492 units, up 234 percent from a year ago and 22 percent from June. So far this year, BYD has sold 205,071 new energy vehicles, an increase of 170.62 percent over the same period last year, it said in an announcement. BYD sold 50,057...

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The revenue of Cainiao Network hit CNY 11.60 billion, with a year-on-year growth of 50%. According to Alibaba's financial results for the quarter ended June 30, 2021: - As of June 2021, Cainiao's industrial supply chain had advanced into over 30 manufacturing industrial belts and agricultural origin points in China. - Through the digital intelligence and...