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Posted inNews Feed

Pinduoduo sees net profit up by 546%, executive says profit level unsustainable

Chinese e-commerce platform Pinduoduo on Monday reported that its third-quarter revenue surged 65% year-on-year to RMB 35.5 billion ($4.99 billion), surpassing the high end of analyst estimates compiled by Yahoo Finance. For the quarter ending September, the company’s net profit increased 546% year-on-year to RMB 10.6 billion, however the company’s vice president of finance Liu […]

Posted inHeavy Hitters

More Chinese tech companies see potential growth in fictional short video series

Major Chinese tech companies like Xiaomi and Baidu are increasing their offerings in fictional short video series, an area in which established short-video platforms Douyin and Kuaishou excel. These short dramas are typically low-budget, under 10 minutes per episode, made for verticle viewing and target mobile users. Many of these short video dramas are adapted […]

Posted inNews Feed

Leak image shows BYD’s upcoming premium EV

Images of what could be BYD’s first model under its so-called “Yangwang” premium marque have leaked online ahead of the car’s expected launch early next year. The pictures, circulated on Chinese media sites, show an off-road car with styling similar to the iconic Mercedes-Benz G-Class and equipped with a full-size spare tire attached at the […]

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