Quhuo’s transformation story hits headwinds as new initiatives stumble
The company is moving away from its original business of providing takeout dining drivers, but revenue for most of its major new initiatives contracted in the second half of 2024…
Sands China gambles on room revamp to revive flagging profits
The Macao casino operator has reported a drop in quarterly profit but is banking on demand for its refurbished rooms during May’s Golden Week holidays Key Takeaways: Sands China’s first-quarter…
Tongcheng beefs up its hotel management, as Wanda buys more time
China’s third-largest online travel company is buying the hotel management unit of a former highflying operator now struggling to stay one step ahead of its creditors Key Takeaways Tongcheng has…
TikTok in limbo, and Xiaomi’s EV crisis
Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.
After 14 years of losses, Zhihu finds an answer to its profitability question
The company, sometimes called the Quora of China, is banking on growth from a new AI tool to improve expert-supplied answers to user questions Key Takeaways: Zhihu reported its first-ever…
Overseas losses put wrinkle in H World’s welcome mat
The hotel operator’s overseas revenue grew last year, but its widening losses sharply dragged down the company's overall profit Key Takeaways: H World reported its profit dropped nearly 27% in…
Atour relies on network expansion to counter economic slowdown
The hotel operator’s revenue rose 55% last year, but it forecast the growth would slow to about half that level in 2025 Key Takeaways: Atour’s revenue rose 38.5% in the…
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