Yuan Talks

Goldman Sachs, CLSA, Jefferies slashed stock price target for Pop Mart

CLSA lowers the rating for Chinese designer toymaker Pop Mart to Outperform from Buy and slashed the highest stock price target by 48% to HK$26 from HK$50.

Chinese express delivery firms rally on strong earnings in June amid market recovery

Chinese express delivery companies stage a rally on strong earnings in June. An index tracking mainland-listed express delivery firms, compiled by Wind Information, is surging 4.6% as of 11:05 am, local time, making it one of the best-performing sectors in the A-share market, compared to 0.1% loss for the benchmark Shanghai Composite Index.

China’s Zhongtong Bus hit new record, surged 550% in 32 trading days

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CICC expects Tencent’s Q2 adjusted net profit to slide 20% on year, lowers price target by 4%

China International Capital Corporation (CICC) forecast Tencent Holdings’ revenue in the second quarter ended June 30 to drop by 3% year over year to 133.9 billion yuan, and the adjusted net profit to slide by 20% to 27.3 billion yuan, according to a note on Monday.

Citigroup, Credit Suisse raised forecast of Meituan’s revenue on faster-than expected recovery

Citigroup raised the forecast of Chinese on-demand service giant Meituan’s food delivery revenue and operating profit in Q2 by 2.4% and 11.7%, respectively, taking into account the reopening of restaurants in China, robust demand during Father’s Day and Dragon Boat festival, disciplined subsidies and cost optimization effort, according to a note on Monday.

Ganfeng Lithium probed by Chinese regulator for alleged insider trading of Jiangxi Special Electric Motor’ shares

China’s Ganfeng Lithium, the world’s third largest producer of lithium salts, is being investigated by China’s securities regulator for alleged insider trading, the company said in a statement on Monday.

China Vanke chairman said real estate sector has bottomed in short term, though quick recovery unlikely

The recent comments by Yu Liang, Chairman of property developer China Vanke Co. Ltd, excited the market on Tuesday, triggering a strong

Richard Liu Qiangdong, Founder and Chairman of Chinese e-commerce giant JD.com Inc., has been offloading shares of the company over the past month,

Koolearn Technology, the online education arm of New Oriental Education, continued to rally on Thursday, surging as much as 100% to jump

Sunac China, the country’s third largest property developer by sales, is seeking to extend repayment of an onshore bond due June 13 by two years, first reported by Reuters and confirmed by bondholders.

Greenland becomes first Chinese state-backed developer to propose delay in dollar bond payment, Shanghai exchange tries to facilitate developers’ financing

The Shanghai Stock Exchange is making efforts to facilitate the financing of Chinese property developers by spearheading a call between five homebuilders

Chinese e-commerce giant Alibaba Group’s revenue for the March quarter grew at the slowest rate on record amid Covid-19 lockdowns and a slowing economy, although it beat expectations as growing demand for some of its niche online shopping service offset weakness at its main marketplaces.

Xiaomi’s adjusted net profit plummeted over 50% on year in Q1, smartphone shipments fell more than 20%

Chinese smartphone maker Xiaomi Corp’s smartphone shipments declined by more than 20% on year in the first quarter and adjustment net profit

Tencent Holdings reported almost no revenue growth for the first quarter and net profit tumbled more than 50% on year amid regulatory uncertainty

Some Chinese developers have been told by regulators to issue onshore bonds backed by credit-risk hedging tools, as the authorities try to help the

China’s two largest chipmakers posted strong earnings results for the first quarter of the year, mainly driven by price hikes, but warned

Cash-strapped Sunac China Holdings, the country’s third-largest property developer by sales, on Thursday admitted that it’s unable to make coupon payment totaling

The operator of the Port of Shanghai said it has been operating as usual, denying media reports claiming the port is suffering

Chinese internet companies, including Alibaba Group, Tencent Holdings and JD.com, are said to be cutting tens of thousands of jobs this year

Global prices of energy products including coal surged in 2021 amid economic recovery and strengthening demand, sending coal miners’ profits soaring. Chinese

Chinese telecommunication equipment giant Huawei Technologies posted a revenue of 636.8 billion yuan ($100 billion) in 2021, sliding 28.6% from a year

Chinese electric vehicle maker NIO posted stronger-than-expected revenue for the fourth quarter of 2021, but guidance for the first quarter this year

Sunac China, the country’s third-largest developer by sales, is seeking a two-year payment extension on a 4 billion yuan ($627.85 million) onshore

Chinese gaming and social media giant Tencent Holdings reported a 60% jump in profit in the fourth quarter ended December 31, driven

Embattled property developer China Evergrande Group is working on a restructuring plan and aims to roll it out by the end of

Tsingshan Holding Group, the world’s largest nickel producer, has said that it has gathered sufficient nickel inventory for delivery to tackle a

Property developer Logan Group has become the latest Chinese homebuilder to run into troubles, with its credit rating cut deeper into junk on

Alibaba Group on Thursday reported a nearly 10% growth for the revenue in the three months ended December 31, marking its slowest

China issued a package of measures to spur a faster recovery from the COVID-19 pandemic in the services sector, including guiding online

Shares of Chinese electric vehicle battery giant CATL tumbled by more than 17% in the first week after the Spring Festival holiday

China Evergrande Group said on Wednesday it aims to have a preliminary restructuring proposal in place within six months as the debt-laden

Embattled property developer China Evergrande Group recently transferred its stake in several project companies to partners as part of its efforts reduce

A unit of Chinese property developer Shimao Group has defaulted on a trust loan with 645 million yuan of overdue payment, China Credit

China’s leading short video-sharing platform Kuaishou have started a round of layoffs across its major business departments amid expanding losses and increasing

The consumer finance unit of China’s Ant Group, will boost the company’s capital to 30 billion yuan ($4.71 billion) from 8 billion

iQiyi, one of China’s top video-streaming platforms, is said to have started a large-scale layoff, reported several mainland news outlets including Yicai,

Chinese social media and gaming giant Tencent Holdings has been suspended from updating its existing apps or launching any new apps as

Chinese e-commerce giant Alibaba Group reported an 87% year-on-year decline in net income for the September quarter, missing expectations as the company increased investment

China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC) announced on Friday that its subsidiary SMIC Holdings, China’s National Integrated Circuit Industry Investment Fund

Embattled property developer China Evergrande Group narrowly averted default again with a series of last-minute coupon payments on Wednesday, but it’s facing

China’s social media and gaming giant Tencent Holdings reported a 3% increase in profits in the third quarter of 2021, its slowest

Chinese property developer Kaisa Group is selling assets to ease a cash crunch after its missed payment of a wealth management product

Chinese property developer Kaisa Group Holdings Ltd said on Thursday its finance unit had missed a payment on a wealth management product (WMP),

Tencent Holdings launched three new self-designed chips on Wednesday, as the internet giant seek to play a role in boosting development of the country’s semiconductor sector and

China Evergrande Group paid the $83.5 million interest payment on its offshore bond, just before a 30-day grace period runs out for