Everything about China's Innovation

View Subscription Plans

revenue

Anta’s H1 Revenue Surpasses Nike in China for First Time

Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.

China’s Game Industry Achieves H1 Revenue of $21.8B

A report released by two Chinese game industry institutions on July 21 showed that from January to June, the actual sales revenue of China's game market was 147.789 billion yuan ($21.84 billion), down 1.80% year-on-year, the first annual decline in recent years.

Global Revenue of League of Legends: Wild Rift Exceeds $500M

Sensor Tower’s recent data showed that the global users of Riot Games’ League of Legends: Wild Rift have spent more than $500 million through Apple's App Store and Google Play.

NIO Launches Independent Probe Into Grizzly Short-Seller Report

Chinese electric vehicle maker NIO announced on July 11 that the company is setting up an independent committee to oversee an investigation into allegations made in Grizzly Research's critical short-seller report.

Douyin and TikTok Garner $283M in June Revenue

Mobile application data analysis company Sensor Tower released a report on July 8 claiming that Douyin and its overseas version TikTok earned more than $283 million in June from the App Store and Google Play.

IoT Platform Firm Tuya Completes Hong Kong IPO

Tuya Smart, an IoT development platform provider, was officially listed on July 5 to the main board of the Hong Kong Stock Exchange by way of a dual listing, under stock code "2391."

Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022

On June 27, Nike, the U.S. sportswear giant, released key financial data for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Its share price fell nearly 7% the next day and its market value dropped by $12 billion.

Bilibili Launches First Pay-Per-View Video From Uploader

The first pay-per-view video from an independent uploader appeared on popular Chinese streaming platform Bilibili on Monday, marking a new step by the firm in its pursuit of paid content strategies, following lessons and movies.

NetEase Registers Net Revenue of $3.7B in Q1, Year-on-Year Increase of 14.8%

Hangzhou-based internet tech firm and online gaming provider, NetEase, Inc., published its financial report for Q1, 2022. Its net revenue totaled $3.7 billion, up 14.8% year-on-year.

Xiaomi Reports 52.9% YoY Decrease of Adjusted Net Profit in Q1

Beijing-based tech giant Xiaomi released on Thursday its unaudited consolidated results for the three months ended March 31, 2022.

Tencent’s Non-IFRS Net Profit in Q1 Decreases by 23% YoY

On Wednesday, Chinese tech giant Tencent released its first quarter financial report. In the first quarter of this year, Tencent achieved a revenue of 135.47 billion yuan ($20 billion), which the company considered stable.

Sohu.com Earned $193M in Q1 2022

Sohu.com Limited, a Chinese internet company, released its financial report for the first quarter of 2022 on Monday.

BYD Expects Q1 Net Profits to Increase 174%-300% YoY

Chinese automobile manufacturer BYD announced on Monday that it expects net profits in the first quarter of 2022 to total between 650 million yuan and 950 million yuan ($102M - $149.1M), up 174% - 300% year-on-year.

Beverage Brand Genki Forest’s Revenue Increases by 50% YoY in Q1

On Friday, Li Guoxun, Vice President of sparkling water brand Genki Forest, talked about the company's recent business operations, marking the first time that the brand disclosed performance data to the public.

ATRenew 2021 Financial Results: Continued Revenue Gains, Increased Profitability in Q4

ATRenew has seen robust growth rates over the past year, both in terms of revenue and GMV performance, coupled with a reduced operating loss ratio compared with 2020.

SMIC Achieves Revenue of $1.2B in January and February

Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) announced on Tuesday that in January and February 2022, the company achieved operating income of about $1.223 billion.

Nayuki’s 2021 Adjusted Net Loss Between $672M to $678M

Chinese bubble tea chain Nayuki announced on Tuesday that it is expected to earn about 4.28 billion ($672 million) to 4.32 billion yuan in revenue and about 135 million to 165 million yuan in adjusted net losses (non-IFRS measure) in 2021.

ByteDance Annual Revenue in 2021 Is About $58 Billion USD, Y-o-Y Increase of 70%

The total revenue of TikTok's parent company, ByteDance, increased by 70% year-on-year in 2021 to about $58 billion, a slower growth rate than a year ago.

TikTok Saw $2.3 Billion in Consumer Spending in 2021, Up 77% Annually

Users spent approximately $2.3 billion last year on ByteDance's popular video-sharing app TikTok, according to data published on January 13 by Sensor Tower.

Alibaba First, Xiaomi Eighth in Ranking of Chinese Online Advertising Revenue

Beijing-based Zhongguancun Interactive Marketing Lab, together with institutions including PricewaterhouseCoopers (PWC), on Thursday jointly released the 2021 China Internet Advertising Data Report.

We also support Hindi language, do you want change to it?

हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?

Yes(ह)

We also support Punjabi language, do you want change to it?

ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?

Yes(ਜ)

We also support Bengali language, do you want change to it?

আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?

Yes(হ)

We also support Burmese language, do you want change to it?

ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ

Yes(ဟုတ်ကဲ့)

We also support Nepali language, do you want change to it?

हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?

Yes(ह)

We also support Tagalog language, do you want change to it?

Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?

Yes(oo)

We also support Malay language, do you want change to it?

Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?

Yes(yes)

We also support Indonesian language, do you want change to it?

Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?

Yes(Iya)

We also support Thai language, do you want change to it?

นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่

Yes(ใช่)