Monday, October 26, 2020
Tags Chinese internet companies

Tag: Chinese internet companies

Big Internet Companies in China See 14.9% YoY Earnings Growth in 2020

The latest official data points to a sizeable increase in the revenues of China's large-scale Internet concerns in 2020 despite the economic...

Large-scale Chinese Internet Enterprises See 21.4% Growth in Operating Revenues in 2019

The operating revenues of China's large-scale internet enterprises saw robust growth last year. Data...

Ministry of Finance Says Accounting Problems Rife Amongst Chinese Internet Firms

The Ministry of Finance has accused leading Chinese internet companies such as Xiaomi Tongxun, Suning and Leshi of offences involving the provision of erroneous...

People’s Daily Warns Chinese Depository Receipts Could Cement Internet Monopolies

An article published by the flagship newspaper of China's ruling communist party raises the possibility that Chinese Depository Receipts (CDR) could serve to shore...

Chinese Internet Companies See Revenues Surge 24.9% in Jan-April

Chinese internet firms have seen a sizeable acceleration in revenue growth for the first four months of 2018, with online gaming and e-commerce performing...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...