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.
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.
Goldman Sachs raises Tesla's price target to $780 from $455
Goldman Sachs on Wednesday raised its rating on Tesla to buy from neutral and raised its 12-month price target sharply to $780 from $455.
Chinese EV makers shares surge as Citi issues bullish report on NIO, XPeng, Li Auto
Shares of US-traded Chinese electric car makers - NIO, XPeng, and Li Auto - all rose sharply as Citi issued a bullish report.
Chinese fashion retailer Mogujie is laying off 10% of staff
Chen Qi, founder of Chinese fashion retailer Mogujie (Mogu Street), said in a letter to employees on April 18 that in order to focus more on the core business of live shopping and brand sales, Mogujie is carrying out a new round of layoffs.