A Chinese version of America’s Cyber Monday where online retailers have promotions and sales on November 11th. This date is named “Singles’ Day” because the numeral 1 represents a bare stick, i.e. 光棍 – an internet slang for single men and women who do not add branches to the family tree. Singles’ Day is the […]
Previously, we introduced the history and business portfolio of the CITIC Group conglomerate (中信集团)(HKEX: 0267) in Part 1 of our CITIC series. This article is the second installment of the series, which provides a financial analysis and discussion of the Group’s future. Note: the official name of the listed entity under discussion is CITIC Limited, […]
Kuaishou is a short-video social networking application similar to TikTok and Douyin that is especially popular among China’s rural and/or lower income consumers. As of Q1 2021, Kuaishou had 295 million daily active users and over 520 million monthly active users.
The State Administration for Market Regulation (SAMR) is China’s governmental authority for regulating market competition, anti-trust, intellectual property, and drug safety. The SAMR was established in 2018 to consolidate the functions of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), the China Food and Drug Administration (CFDA), and the State Administration of Industry […]
Yu’ebao is a money market fund developed in-house by Ant Group and managed by Tianhong Asset Management, an asset management firm which Ant is a majority shareholder of. Users can deposit money in Yu’ebao and use this to pay for their purchases on Alibaba, while interest is paid out daily and any money deposited in […]
Xiaohongshu is a social media platform similar to Instagram that targets young females. The platform claims to have over 100 million monthly active users as of September 2020, of which over 70% are born during or after the 1990s.
The Bank of China, not to be confused with the People’s Bank of China (i.e. the central bank of the People’s Republic of China), is one of China’s largest banks and is the fourth largest bank in the world based on total assets as of 2021. The bank is also included as a Global Systemically […]
In Part 1 of our BYD series, we introduced the history and business model of Build Your Dreams (BYD) Group (Chinese: 比亚迪)(HKEX: 1211)(SZEX: 002594). This article is the continuation of and final article in the series, which includes a financial overview of BYD, an examination of the company’s auto sales data, and a summary of […]
Previously in Part 1 of our Alibaba series, we introduced Alibaba Group’s history, corporate structure, and key operating businesses, in addition to exploring Alibaba’s world-renowned commerce empire. In Part 2 of the series here, we wrap up our introduction to the Alibaba ecosystem by looking at Alibaba Group’s remaining business segments: cloud computing, digital media […]
An entity set up jointly by the National Internet Finance Association of China and eight private companies with credit scoring functions to foster the sharing of information in order to create a comprehensive and centralized database for individual and corporate credit scores.The literal translation of Baihang is “a hundred industries”, which figuratively means “all industries”. […]
In Part 1 of our Yum China series, we introduced the history and business portfolio of Yum! Brands’ China-based spin-off, Yum China. In this article, we explore Yum China’s financial metrics and examine the performance of the company’s individual restaurant segments. Note: to be consistent with Yum China’s financial reporting presentation, we use US dollars […]
In this article, we provide a business and financial overview of Chinese private auto manufacturer Great Wall Motor (Chinese: 长城汽车))(HKEX: 2333)(SHA: 601633). Great Wall Motor is China’s leading producer of affordable SUVs (namely the Haval range) and pick-up trucks, although the brand has branched out in recent years to produce feminine electric vehicles (the ORA […]
In this series, we compare six of China’s largest, publicly-listed insurance companies: China Life Insurance (中国人寿) China Pacific Insurance (CPIC)(中国太平洋人寿) China Taiping Insurance (中国太平保险) New China Life Insurance (新华保险) People’s Insurance Company of China (PICC)(中国人民保险) Ping An (中国平安) In this article, we introduce the history and development of China’s insurance industry and the six insurers […]