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Chinese private tutoring giant New Oriental announced on Friday that its net losses in the six-month period ended November 30, 2021 were expected to total $800-900 million.
Popular Chinese hot pot restaurant chain Haidilao has reportedly been privately labelling customers within their member system, recording customers' physical characteristics and individual needs.
Not long ago, Element Fresh, a popular fresh food eatery, made the news with rumours that its bankruptcy liquidation was beginning to spread.
Missfresh, a leading local fresh grocery platform, was listed as a judgment debtor by the Chaoyang District People's Court of Beijing, obliging it to pay about 5,329,500 yuan ($799,325) in fines.
Haidilao, a Chinese hot pot chain, announced Monday that it foresees a net loss of about 3.8 billion yuan ($600 million) to 4.5 billion yuan as of Dec. 31, 2021.