Unintended consequences: China’s EV boom hits highway upkeep, and new risks of data-backed ABS
"EV manufacturers are now vastly more important to the Chinese economy than legacy combustion-engine automakers." – commenting on why Beijing may be reluctant to levy new taxes on electric vehicles…
Waterdrop creatively posts big revenue growth, but at massive cost
The online insurance broker’s new technical services business boomed in the first quarter, but soaring user acquisition costs caused its profit to fall Key Takeaways: Waterdrop’s revenue surged 65% in…
Declawed in China, UP Fintech faces challenges in global marketplace
The Tiger Brokers operator has been forced to leave its original home market, but numbers show its global expansion isn't strong enough yet to carry the business Key Takeaways: Legacy…
Cango cleans up its house. Now comes the hard part
The company paid off most of its long-term debt by selling down its bitcoin treasury, as it moves ahead with its new focus on modular high-performance computing for AI clients…
Yiren Digital left in the cold after parent freezes $4.4 billion in wealth products
The company’s shares fell nearly 25% over four days as investors worried about potential exposure to problems surrounding a major wealth management product issued by its parent Key Takeaways: CreditEase…
Why regulating capital and serving burgers are both getting tougher in China
China's move to push out cross-border stock brokers underscores the state's desire to control capital allocation and benefit state-owned enterprises; Wendy's ambitious plan to open 1,000 stores in China faces steep hurdles due to fierce competition and an increasing consumer preference for domestic brands
For Futu and UP Fintech, regulatory bombshell may finally clear global path forward
Hefty penalties from China's securities regulator for operating without necessary licenses remove a long-running overhang for the online brokerages Key Takeaways: Futu and UP Fintech have been fined a combined…
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