Starbucks clears its China tables, as the robotics bubble quietly deflates
"There’s no way they can compete with Luckin Coffee and a cup of coffee at 9 yuan, They’ve got to go for the premium experience" – on Starbucks' decision to…
Pop Mart’s bubble bursts with fading Labubu craze
The company’s third-quarter revenue plunged between 45% and 50%, led by drops of more than 65% in its Asia Pacific and Americas markets Key Takeaways: Pop Mart’s third-quarter revenue fell…
Hisense catches chill from cooling Chinese economy
The air conditioner and refrigerator maker’s revenue fell 8.8% in the third quarter, accelerating from a 5.2% decline in the first half of the year Key Takeaways: Hisense’s revenue fell…
Xtep’s Saucony bright spot loses momentum as downward slide continues
The company reported that retail sell-through volume for its core namesake sport shoe brand fell by a mid-single-digit percentage in the third quarter Key Takeaways: Sales for Xtep’s namesake brand…
Senior Material’s quarterly profit surges, but investors unimpressed
Lithium ion battery separator manufacturer Shenzhen Senior Technology Material Co. Ltd. (6067.HK; 300568.SZ) on Thursday reported its revenue surged 73.6% year-over-year to 1.84 billion yuan ($276 million) in the third quarter,…
Chinese firms face renewed scrutiny from Wall Street and at home
"I guess they tried to kill the monkey to scare the pigeons, but the pigeons didn't get scared." – on why Beijing may be expanding its antitrust investigation in the…
LDRobot chases European opening with low-cost acquisition
The company plans to buy a garden equipment maker for a bargain price, aiming to expand its own lawnmower sales by leveraging the German company’s channels Key Takeaways: LDRobot plans…