Could ‘Double 11’ Festival Players Post Their First-Ever Sales Declines?
A combination of macro headwinds and cutthroat competition could make it difficult to achieve another year of substantial growthBy Chan Ka PoNow in its 14th year, the Nov. 11 online…
China’s Economic Slump Leaves Internet Lenders Battling Bad Loans
360 DigiTech, FinVolution and Lexin all reported first-quarter net profit declines and growing delinquent loans, amid a grim outlook for China’s economy Key takeaways: • 360 DigiTech and FinVolution posted…
Jiumaojiu Tastes Success in 2021 on Fast Growth for Its ‘Sauerkraut Fish’ Chain
Restaurant operator says its profit rose at least 166% last year on strong performance for its popular hotpot format, even as rival Haidilao moved in the opposite direction Key Takeaways:…
FAST NEWS: Instant Noodle Maker Nissin Boosts Stake in Hong Kong Distributor
The latest: Instant noodle maker Nissin Foods Co. Ltd. (1475.HK) said it will pay HK$13.7 million ($1.76 million) to boost its stake in its Hong Kong and Macau distributor MCMS…
‘Sauerkraut Fish’ Specialist Serves Up Appetizing Earnings Report
Shares of Jiumaojiu initially jumped 6% after company reported healthy growth in second half of last year on ‘revenge dining,’ as life largely returned to normal in China Key takeaways:…
