profit

Audio Platform Ximalaya Plans to Be Profitable by End of Year

Yu Jianjun, CEO of Ximalaya, made clear the company's specific profit plan for all employees of the company for the first time, ten years after the establishment of this audio platform.

Huawei Founder Emphasizes “Survival” Amid Economic Challenges

Huawei's internal forum published an article on August 22 about the whole company's business policy changing from pursuing scale to pursuing profit and cash flow.

Chinese E-Grocer Missfresh Bolsters Upstream Supply Chains Through Private Brands and Direct Sourcing

Missfresh is stepping up to improve profitability by developing in-house labels and expanding the scale of direct sourcing as the main problem China’s online grocery sector faces has changed from the last-mile logistics to the first-mile supply chain.

China Evergrande Group in Negotiations to Sell Automobile and Property Management Businesses

Evergrande Group is negotiating with both state-owned and private companies to sell stakes in the China Evergrande New Energy Vehicle Group and Evergrande Property Services Group, according to Reuters.

China’s Ride-Hailing King Didi Chuxing Files for Blockbuster US IPO, Revealing $30 Million Profit for Q1

Didi Chuxing, China’s leading ride-hailing platform, unveiled the filing for its long-awaited US stock market debut on Thursday, marking a further step toward what could be the world’s biggest IPO this year.

China Reports Over $10 Billion Esports Games Profit in First Half of 2020, Grows 54.7% YoY

During the annual China Digital Entertainment Expo & Conference (ChinaJoy) in Shanghai, China Game Industry Research Institute released its research report for China’s gaming industry from January to June of 2020.

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