Xiaomi Group released their financial report for the first half of 2019 and the results beat estimates. Total revenue increased by 20.2% reaching 95.71 billion yuan. Overseas business revenue amounted to 38.6 billion yuan, accounting for more than 40% of total revenue.
Pinduoduo released its full-year financial report on Mar. 13. The Shanghai-based Chinese e-commerce company, which has been likened to Groupon, exceeded market expectations in terms of revenue but missed earnings estimates.
On Nov. 21, Cheetah Mobile, the Chinese mobile internet company, announced its financial results for the third quarter which ended on September 30, 2018.
Alibaba Group, the Chinese multinational and multi-business conglomerate, announced on Thursday its Q2 earnings report of the quarter ending on June 30, 2018 with a revenue standing at $12,229 million
Alibaba‘s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.
In mid-April, media reported that in a summit organized by the Chinese auto industry, a source disclosed that Tesla will establish a wholly-owned factory in China in 2018.
