Yimutian’s revenue is declining and gross profit is falling, despite operating in a fast-growing smart agriculture market in China. Read the full analysis on their upcoming IPO here.
Tagged By business
China’s net gold imports via Hong Kong in June fall 60% from May
China’s net gold imports via Hong Kong in June fell nearly 60% from May, Hong Kong Census and Statistics Department data showed on Monday.
Alibaba Cloud founder says early innovation doesn’t need top-dollar hires: ‘What happened in Silicon Valley is not the winning formula’
“The only thing you need to do is to get the right person,” Wang Jian, who built Alibaba Cloud, said in an interview with Bloomberg
U.S. and China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting
Analysts said negotiators meeting in Stockholm were likely to agree to another 90-day pause on tariffs and export controls, avoiding further escalation.
Kuaishou, China’s Biggest TikTok Rival, Hit by $20M Bitcoin Embezzlement Scandal
A group of Kuaishou insiders embezzled nearly $20 million, converting it into Bitcoin to obscure the trail. The scheme involved OTC desks, mixers, and multi-hop …
Trump pauses export controls to bolster China trade deal, FT says
The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump’s efforts to secure a meeting with President Xi Jinping this year, …
Vietnam’s NDAChain Explained: Privacy, Trust, and Blockchain at Scale
NDAChain is Vietnam’s official national blockchain, designed to power digital identity, supply chain traceability, and secure e-government services using a hybrid governance model. The platform …
Several US executives to visit China this week: sources
A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with …
U.S. and China Meet as Trade Truce Nears Expiration
Top American and Chinese officials are meeting for two days of talks in Stockholm as the Trump administration tries to complete trade deals.
China’s imports of fruits to grow with big appetite for durians, coconuts
Growers of durian and coconut in Southeast Asia are expecting a hectic time ahead as they grapple with rising demand from mainland Chinese buyers who prefer high-quality fresh fruits against the …
China Ditches U.S. LNG as Russian Pipelines and Domestic Output Surge
Finally, the halt of U.S. LNG exports to China threatens long-term contracts worth 20 million tons per year with U.S. suppliers. Chinese LNG buyers are now reselling U.S. cargoes to Europe and also …
Forget Cartier: Made-in-China Luxury Captivates Chinese Consumers
Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.
Green shoots of recovery for global brands in China
YING TANG/GETTY IMAGES Several global carmakers are now showing signs of recovery in China — thanks to a wave of bold localization strategies aimed at reclaiming relevance in a market increasingly …
