Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce
Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July.
Education stocks soar with reports that China will resume after-school tutoring
Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life.
Futu, Tiger extend losses as Chinese securities regulator reportedly refine regulations
Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated.
Futu says it always actively cooperates with regulation in response to user info security concerns
Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information.
Futu, Tiger Brokers shares plunge pre-market as Chinese official media flag user info security concerns
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.
Luckin Coffee shares up as much as 19% after announcing 33% revenue growth for 2020
Since its delisting on June 29 last year, the company has accumulated a 990 percent gain in the Pink Sheets market.
Guest PostIs BEST Inc undervalued gem?
"I like the stock and think more people deserve to know about this undervalued gem," says an investor.
Bilibili tops 65 million daily active users, overtakes Youku to become China's third-largest long-form video platform
In terms of user duration, Bilibili has stabilized at more than 80 minutes, lower than TikTok's more than 100 minutes.
Alibaba in public outcry after female employee complains of sexual assault by her leader
A female employee of Alibaba accused her superior and a company client of raping her, becoming the focus of attention for Chinese Internet users this weekend and leaving the Chinese e-commerce giant facing one of its biggest crises since its inception.
Citi maintains Buy rating on Alibaba, lowers price target to HK$288 for its HK shares
Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.